iShares Russell 2000 ETFNYSEARCA
Mon, Nov. 21, 1:07 PM
- In the first full week following the election, more than $25B flowed into U.S. equity ETFs, according to Morningstar, which ranks the weekly flows among the best ever for the products.
- The big gainers were the Financial Sector SPDR (NYSEARCA:XLF) and the Russell 2000 ETF (NYSEARCA:IWM).
- Fixed-income, alternative, and commodity ETFs saw net outflows.
- Via David Schawel is this great chart showing the remarkable move into the financial sector since the Trump victory.
Fri, Nov. 11, 4:59 PM
Wed, Nov. 9, 11:32 AM
- A wildly volatile 14 hours has, for now, resolved to the upside for the major U.S. averages, with the Dow up 0.8%, the S&P 500 0.7%, and the Nasdaq 0.6%, Ahead the most is the Russell 2000 (IWM +2.1%), boosted by an 8% surge in the biotech sector.
Wed, Nov. 2, 2:15 PM
- From the policy statement: "The case for an increase in the federal funds rate has continued to strengthen but [the committee] decided, for the time being, to wait for some further evidence of continued progress toward its objectives."
- Already down on the session, stocks are volatile, but currently still in the red with the S&P 500 (SPY -0.6%), the Dow (DIA -0.4%), Nasdaq (QQQ -0.7%), and Russell 2000 (IWM -1.2%).
- Bond prices are adding to gains, with the 10-year Treasury yield now down five basis points to 1.78%. TLT +0.6%, TBT -1.2%
- The dollar index (UUP, UDN) remains lower by 0.4%.
- Gold (NYSEARCA:GLD) has edged a little lower since the 2 ET announcement, but is still having a big day, up 1.4% to $1,305 per ounce.
Fri, Sep. 23, 7:24 AM
Fri, Jun. 24, 7:57 AM
- Brown Brothers' Marc Chandler: Brexit sends shock waves through global capital markets
- UBS' Mark Haefele: Waking up to Brexit. Market and portfolio implications
- Gerring Capital's Eric Parnell: 'BLeave' it! The U.K. is out - now what?
- Terrier Investing: Brexit: Keep calm and carry on
- Lawrence Williams: Brexit: Britain enters brave new world
- Richard Berger: Brexit, gold, systemic market risk and you
- UK Value Investor's John Kingham: My secret investment plan for surviving and thriving after Brexit
- David Merkel: Brexit boogeyman bellows 'Boo!
Wed, Jan. 13, 2:56 PM
- The day's declines have picked up a good bit of steam, with all of the major averages sitting at session lows a bit more than an hour before the close.
- The Nasdaq (NASDAQ:QQQ) and Small-caps (NYSEARCA:IWM) are leading the way with declines of more than 3%, while the Dow (NYSEARCA:DIA) and S&P 500 (NYSEARCA:SPY) are off just over 2%.
- Leading sectors on the downside: Energy (XLE -2.5%) and Financials (XLF -2.4%). What's working? Utilities (XLU), barely.
- In the green for most of the session, oil is now modestly lower and threatening to head below $30 per barrel.
- Money is pouring into fixed income, with the 10-year Treasury yield off another five basis points today to 2.05%. It hasn't been below 2% since early October. TLT +1%, TBT -2%
Nov. 28, 2015, 9:42 AM
- Looking for an edge on when it might be profitable to rotate into small-caps, Nomura quants Joe Mezrich and Adam Gould watch three factors: 1) Their cheapness relative to large-caps; 2) economic uncertainty as measured by the dispersion of earnings estimates for the S&P 500; 3) expectations for economic growth as indicated by the yield curve.
- SInce 1980, the alignment of these factors pointed to small-cap outperformance over the subsequent three months worth an annualized average of 7.6%. Trying the strategy live for two years - long Russell 2000/short Russell 1000 when things look good for small-caps, and the opposite otherwise - has produced a 10% annualized return vs. a passive long position in small-caps which lost 5%.
- The team's signals suggested a good three months for small caps starting in November, and it's already working - the FTSE Russell 2000 is outperforming the Russell 1000 by nearly 300 basis points this month. There's still another two months to get small.
- Source: Bill Alpert in Barron's
- ETFs: IWM, TZA, TNA, UWM, VB, IJR, SLY, RWJ, URTY, SCHA, TWM, RWM, SRTY, VTWO, SAA, VIOO, SDD, SBB, JKJ, RSCO, TWOK, FYX, EWRS, ZSML, LLSC, SMLL, RYRSX
Nov. 27, 2015, 1:13 PM
Oct. 13, 2015, 3:49 PM
- Getting out in front of what should be more bashing of their business models at the Democratic debate tonight, the healthcare names (XLV -1.3%) have about doubled the decline in the S&P 500. Within healthcare, it's the biotechs (IBB -3.1%) and pharmaceuticals (XPH -3.2%) leading the way south.
- Celgene (CELG -3.3%), Biogen (BIIB -3.6%), Amgen (AMGN -3.5%), Allergan (AGN -4.1%), Mylan (MYL -3.6%)
- The biotech heavy Russell 2000 (IWM -1.4%) is feeling the pain as well.
- ETFs: IBB, IYH, XLV, XBI, VHT, PJP, BBH, FBT, HQH, CURE, XPH, HQL, PBE, FXH, RXL, IHE, FHLC, SBIO, PPH, RYH, BBC, THQ, BBP, RXD, LABU, LABD, UBIO, ZBIO
Sep. 27, 2015, 8:59 AM
- The $8B iShares Nasdaq Biotechnology ETF (NASDAQ:IBB) fell 4.9% on Friday and 13% for the week - its worst weekly performance since the height of the financial panic seven years ago. Many biotech ETFs eat the same cooking - Gilead (NASDAQ:GILD), Amgen (NASDAQ:AMGN), Biogen (NASDAQ:BIIB), and Regeneron (NASDAQ:REGN) among the popular names - and FBT, XBI, and BBP fell in amounts similar to IBB.
- The news flow was relatively quiet late in the week, but Hilary Clinton's promise Monday to clamp down on drug prices set things in negative motion for the momo sector.
- Barron's Chris Dieterich reminds that a flood of biotech IPOs in recent years has filled the small cap universe with these highly speculative names, and biotech now makes up 7% of the iShares Russell 2000 Index (NYSEARCA:IWM). Indeed. The IWM fell 3.7% for the week, nearly tripling the decline of the S&P 500.
- ETFs: IWM, TZA, TNA, UWM, VB, VBK, URTY, SCHA, TWM, IWO, RWM, SRTY, VTWO, RCG, JKJ, VTWG, TWOK, FYX, JKK, EWRS, ZSML, FYC, SMLL, RYRSX
Sep. 10, 2015, 12:39 PM
- The CBEO Russell 2000 Volatility Index has dipped to 26.33, while the CBOE Volatility Index (VIXX) has risen to 26.51.
- Pick your reason, but the fact that small caps tend to do more business at home vs. the more multinational large-caps makes for as good of an excuse as any.
- The upshot, however, is of more import: Those itching to buy protection (or play for a bull market), may want to look at what are now relatively cheap options on the IWM rather than on the S&P 500.
- Source: Barron's
- ETFs: IWM, TZA, TNA, UWM, VB, IJR, VBR, SLY, EES, RWJ, VBK, URTY, SCHA, TWM, RVT, RWM, SRTY, VTWO, SAA, JKL, VXX, UVXY, TVIX, XIV, SVXY, VIXY, ZIV, VXZ, VIXM, CVOL, VIIX, XVZ, XXV, XVIX, TVIZ, IVOP, VIIZ, VXUP, VXDN
Aug. 21, 2015, 3:51 PM
- With the Dow, S&P 500, and Nasdaq all down about 3%, the small-cap Russell 2000 (NYSEARCA:IWM) is lower by just 0.75%.
- The outperformance is noteworthy because it's been small caps leading on the way down - falling nearly 11% since a late-June peak, or roughly 500 basis points worse than the S&P 500.
- ETFs: VB, VBR, EES, VBK, SCHA, RVT, JKL, RCG, JKJ, TILT, FYX, FYT, JKK, IESM, VLU, ZSML, FYC
Jul. 8, 2015, 7:19 AM
- Despite the best efforts of Beijing to prop up share prices, the Shanghai Composite fell another 5.9% overnight, pulling down Hong Kong and Japan by similar amounts.
- Europe is enjoying about a 1% bounce after two days of sharp losses.
- U.S. stock index futures are mostly lower by about 0.65%, but the Russell 2000 (NYSEARCA:IWM) is down 0.9%
- Gold and crude oil are also seeing small bounces after a rough few sessions, and the 10-year Treasury yield is down four basis points to 2.22%.
- ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, UDPIX, OTPIX, RYARX
May 12, 2015, 11:28 AM
- Touching as high as 2.36% earlier in the session, the 10-year Treasury yield - perhaps spooked by an early dive the stock market averages - has tumbled all the way back to 2.26%, down two basis points on the session.
- The Dow (DIA -0.3%), S&P 500 (SPY -0.3%), Nasdaq 100 (QQQ -0.4%), and Russell 2000 (IWM -0.4%) have all rebounded alongside.
- Europe remains lower by about 1% as yields there - while off their highest levels - remain up on the day.
- TLT +0.4%, TBT -0.8%
- ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
May 1, 2015, 4:12 PM
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