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ALPS Equal Sector Weight ETF (EQL)

- NYSEARCA
  • Tue, Aug. 25, 8:14 AM
    | 59 Comments
  • Mon, Aug. 24, 12:32 PM
    • Stocks are down about 1% (and the Nasdaq just -0.3% as some tech names turn green) -- a bad day on many occasions, but a major clawback from the Dow's 1,000-point-lower opening minutes today, with some more aggressive bargain hunting going on.
    • The Dow's down just 140 now. Advancers at the NYSE are up to just under 200, against nearly 3,000 trading in the red. Apple and Intel are the Dow reps that are in positive ground.
    • The VIX is around 37 after jumping near 50. Earlier, the NYSE invoked Rule 48 (allowing stocks to open without indications) for the first time since the Global Financial Crisis.
    • The dollar is still down against major currencies: -2.6% against yen, down 1.2% against the Swiss franc. The euro was up 1.6% against the dollar. Nymex WTI crude recovered a bit but is still down 3.9% to $38.87.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, QID, SQQQ, QLD, CRF, DOG, DXD, RWL, UDOW, EPS, SDOW, VV, USA, SCHX, DDM, VFINX, ZF, QQEW, QQQE, FEX, JKD, EEH, SPLX, SFLA, EQL, QQXT, IWL, SPUU, ERW, FWDD, ZLRG, SYE, UDPIX, SBUS, OTPIX, RYARX
    | 51 Comments
  • Fri, Aug. 21, 8:06 AM
    • As of yesterday's close, Dow Theory has flashed the beginning of a primary bear market, says typically bullish technician Ralph Acampora.
    • He notes the DJIA broke its closing low from Dec. 16, thus confirming weakness the Dow Transports which peaked on Dec. 29 (the DJIA peaked on May 19 at 18.313).
    • Typically this bear market signal comes as the market is near oversold territory, says Acampora, so expect a bounce, but use the rally to sell.
    • ETFs: CRF, VV, USA, SCHX, ZF, FEX, JKD, EEH, EQL, IWL, ERW, FWDD, ZLRG, SYE, SBUS, DIA, DOG, DXD, UDOW, SDOW, DDM, UDPIX
    | 5 Comments
  • Thu, Aug. 13, 3:06 PM
    • "If you think the equity market is heading for a spot of trouble here, the high-yield bond market is having a coronary," says David Rosenberg, noting average yields have jumped 120 basis points since June (while Treasury yields have tumbled), bringing spreads to 580 basis points - a level hit only twice in the last three years.
    • The move in spreads is the equivalent of a 9% correction in stocks, suggesting the S&P 500 should be at about 1,910 now, instead of 2,092. Either the S&P has some serious downside ahead, or spreads are going to have to come back in, says Rosie.
    • Much of the trouble in junk land can be traced to the crash in energy prices, and the spread widening this summer coincides with more than a $15 per barrel decline in the price of oil.
    • ETFs: HYG, JNK, HIX, HYLD, DHY, CRF, PHT, EAD, HYT, JQC, VV, USA, SCHX, CIK, DSU, HHY, SJB, ZF, NHS, PHF, ACP, FHY, MCI, VLT, KIO, ARDC, FEX, CIF, MHY, AIF, ANGL, PCF, DHG, JKD, MPV, EEH, IVH, HYLS, JSD, UJB, EQL, CJNK, IWL, GGM, QLTC, ERW, FWDD, ZLRG, SYE, SBUS
    | 8 Comments
  • Tue, Jul. 14, 10:07 AM
    • The cash level of 5.5% among those fund managers surveyed is the highest since Lehman, says BAML's Michael Hartnett, adding that cash above 4.5% has proven to be a contrarian buy signal in the past.
    • Confidence in the global economy tumbled to 42% from 55% a month earlier - keep in mind the survey was conducted amid the Greek crisis, and the crash in Chinese stock prices. The boosted pessimism surrounding China has led commodity allocations to a six-month low, with emerging market equity allocations at a 16-month low. Gold, however, is being judged as undervalued for the first time in five years.
    • As for European stocks, the appetite to be overweight rises despite the potential for a breakdown in the eurozone.
    • ETFs: CRF, VV, USA, SCHX, ZF, FEX, JKD, EEH, EQL, IWL, ERW, FWDD, ZLRG, SYE, SBUS
    | 7 Comments
  • Thu, Jul. 9, 9:25 AM
    | 19 Comments
  • Fri, Jun. 19, 10:00 AM
    | 20 Comments
  • Tue, Jun. 16, 9:08 AM
    | 4 Comments
  • Mon, Jun. 15, 11:40 AM
    • Though most are focused on what are sure to be coming rate hikes, says Bank of America's Savita Subramanian, another round of QE could prove a bigger hit to market confidence. "This is not our base case, but is the risk that seems to be getting the least attention."
    • On the Fed's mind could be the case of Sweden - the country's central bank hiked prematurely after the financial crisis, only to be forced to backtrack (the ECB did the same).
    • BofA's base base remains a rate hike this year and 120 bps in hikes between September 2015 and December 2016. It would be the slowest pace of Fed tightening in the last five cycles.
    • ETFs: CRF, VV, USA, SCHX, ZF, FEX, JKD, EEH, EQL, IWL, ERW, FWDD, ZLRG, SYE, SBUS
    | Comment!
  • Mon, May 18, 12:56 PM
    | 1 Comment
  • Fri, May 15, 3:54 PM
    • Bubbles can "destroy" contrarian types, say strategists at the bank whose former CEO said, "While the music's playing, you gotta dance" shortly before the financial crisis nearly blew the lender to bits.
    • Today's "new paradigm" could be the idea of secular stagnation, and thus growth, interest rates, and inflation staying persistently low, says the team. This in turn causes inflated prices for anything with growth - biotechs and Internet plays come to mind - or for high dividends.
    • One client's definition of a bubble: "Something I get fired for not owning."
    • Getting a little  more scientific, the strategists define a bubbly price as one two standard definitions above its 10-year mean. While European fixed-income (Italian and Spanish 10-year yields are less than 2%) might fit the bill, not much else on the planet does, says the team, recommending readers become "bubble pragmatists," i.e. dance.
    • ETFs: CRF, VV, USA, SCHX, ZF, FEX, JKD, EEH, EQL, IWL, ERW, FWDD, ZLRG, SYE, SBUS
    | Comment!
  • Wed, Apr. 29, 2:48 PM
    • Down 0.5-0.7% for most of the session, the major averages have rallied to nearly unchanged with 75 minutes to go in the session.
    • If anything, the FOMC statement leaned hawkish as the central bankers brushed off the Q1 slowdown as weather-related and gave no indication that a June rate hike is off the table.
    • The 10-year Treasury yield was as high as 2.07% this session, but has slipped back to 2.03%. 30-day Fed Funds futures still aren't seeing liftoff until late Q3 or early Q4.
    • Previously: FOMC: Q1 slowdown "transitory" (April 29)
    • ETFs: VV, SCHX, FEX, JKD, EEH, EQL, IWL, ERW, FWDD, ZLRG, SYE, SBUS
    | 1 Comment
  • Mon, Apr. 27, 7:57 AM
    • “Correction risks will grow in [the] absence of fresh inflows in coming weeks,” write Michael Hartnett and team at BAML, noting U.S. stock fund outflows in nine out of the past ten weeks. The accompanying chart shows (at least to the human eye) since the start of 2013 a fairly strong correlation between the S&P 500 and the cumulative levels of fund inflows - a correlation that has broken down in a big way in 2015.
    • The note then proceeds to totally contradict this idea by pointing out that the year-to-date exit from U.S. stock funds has not been this bad since the same time frame in 2009 - a pretty fair time to go all-in on equities.
    • ETFs: VV, SCHX, FEX, JKD, EEH, EQL, IWL, ERW, FWDD, ZLRG, SYE, SBUS
    | Comment!
  • Fri, Apr. 24, 9:44 AM
    • Investor exuberance has hit a "frighteningly high level," says Mark Hulbert, as his Hulbert Stock Newsletter Sentiment Index rises to 72.9% - one of its highest prints ever - alongside the Nasdaq's record close, with the S&P 500 not far behind.
    • Putting the 72.9% reading in context, the HSNSI has averaged 39.4% since the bull market began six years ago. Over the past decade, there were only two occasions when it was higher - end of 2013/start of 2014, and February of this year - and both times the market fell soon after.
    • ETFs: VV, SCHX, FEX, JKD, EEH, EQL, IWL, ERW, FWDD, ZLRG, SYE, SBUS
    | 4 Comments
  • Tue, Apr. 21, 4:46 PM
    • Not necessarily a bear on American stocks, the global chief investment strategist suggests investors tamp down their return expectations given the rich values, and instead move a little money into cheaper international names.
    • “Investment professionals advocate diversification, but not everyone follows it. And U.S. dollar-based investors are structurally overweight in stocks. Right now it is a timely moment to reduce their allocation."
    • Much of the appreciation in U.S. stocks over the past few years, he says, is due to multiple expansion, rather than earnings growth.
    • ETFs: EFA, VEA, VV, SCHX, IEFA, DBEF, FEX, DZK, JKD, EEH, URTH, DPK, EFZ, EQL, EFU, IWL, ADRD, MFLA, EFO, HEFA, ERW, FWDD, IDHQ, ZLRG, SYE, FDT, FWDI, SBUS
    | Comment!
  • Thu, Apr. 9, 3:12 PM
    • "Equity market tops usually consist of overly aggressive individual investor interest in the asset class," says Citigroup Chief U.S. Equity Strategist Tobias Levkovich, thus not believing the S&P 500 is due for a major correction.
    • The last time the S&P 500 fell more than 10% was from April-October of 2011 when it tumbled 19%.
    • At the same time retail investors haven't rushed into stocks, companies have been quite active, notes Levkovich, repurchasing almost $4T of their own stock over the last decade vs. retail fund inflows of less than $100B. Buybacks in 2015 are off to their best start on record, says Birinyi Associates, and on pace to hit nearly $1T this year, the most ever.
    • Source: WSJ
    • ETFs: VV, SCHX, FEX, JKD, EEH, EQL, IWL, FWDD, ERW, SYE, SBUS, ZLRG
    | 3 Comments
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EQL Description
The ALPS Equal Sector Weight ETF is an ETF of ETFs that delivers exposure to the US Large Cap Equity market by investing equal proportions in each of the 9 Select Sector SPDRs, and rebalancing quarterly. The nine Sector SPDRs are Materials (XLB), Health Care (XLV), Consumer Staples (XLP), Consumer Discretionary (XLY), Energy (XLE), Financials (XLF), Industrials (XLI), Technology (XLK) & Utilities (XLU). EQL delivers moderate, yet meaningful exposure to every sector of the market, providing investors with the following potential advantages: Diversification, Opportunity to participate in a market rally in any sector, Reduction in the negative impact of a crash in any individual sector & Transparent sector allocations.
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Country: United States
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