Morningstar • Wed, Dec. 17
From other sites
at Nasdaq.com (Nov 20, 2014)
at Zacks.com (Nov 10, 2014)
at MarketWatch.com (Oct 28, 2014)
at CNBC.com (Oct 21, 2014)
at MarketWatch.com (Oct 8, 2014)
at MarketWatch.com (Oct 7, 2014)
at MarketWatch.com (Sep 30, 2014)
at MarketWatch.com (Sep 23, 2014)
at MarketWatch.com (Sep 16, 2014)
at MarketWatch.com (Sep 9, 2014)
A Brief History Of QE In The U.S.: Focus On Mid-Caps Via MDY
- Assets on the balance sheet of the U.S. Federal Reserve have almost quintupled since it launched quantitative easing, or QE, in September 2008.
- During this period, the level of its holdings advanced to $4.49 trillion from $925.73 billion, an increase of $3.56 trillion, or 384.67 percent.
- Over the same time, MDY climbed to $258.12 from $134.23, a hike of $123.89, or 92.30 percent, on an adjusted closing weekly share-price basis.
SPDR S&P MidCap 400 ETF: MDY's 2014 Third-Quarter Performance And Seasonality
- The SPDR S&P MidCap 400 ETF was the No. 2 performer between January and September among the three most popular exchange-traded funds based on the S&P 1500’s constituent indexes.
- Most recently, the ETF’s adjusted closing daily share price in seasonally weak September declined to $249.32 from $261.18, a drop of -$11.86, or -4.54 percent.
- And the fund’s share price oscillated wildly in the third quarter, when it fell -4.39 percent in July, rose 5.06 percent in August, and fell -4.54 percent in September.
MDY: January-July 2014 Performance And Historical Seasonality
- The SPDR S&P MidCap 400 ETF was the No. 2 performer ranked by January-July returns among the three most popular ETFs based on the S&P 1500's constituent indexes.
- Meanwhile, the fund's adjusted daily closing share price last month declined to $249.13 from $260.56, a loss of -$11.43, or -4.39 percent.
- Seasonality analysis and U.S. Federal Reserve policy shifts indicate the fund's weakness could continue in the third quarter.
There are no Transcripts on MDY.
Mon, Jul. 28, 12:48 PM
- The Direxion Daily Mid Cap Bull 2X Shares (Pending:MDLL) and Direxion Daily Small Cap Bull (Pending:SMLL) will offer investors leveraged exposure to their respective market caps.
- Both funds will have an expense ratio of 0.66%, making them relatively inexpensive compared to many leveraged equity ETFs.
- The Direxion 7-10 Year Treasury Bull 2X Shares (Pending:SYTL) will offer investors leveraged exposure to intermediate-term U.S. Treasury bonds, while charging an expense ratio of just 0.65%.
- Other Russell 2000 ETFs: IWM, TZA, TNA, UWM, URTY, TWM, RWM, SRTY, VTWO, EWRS, TWOK
- Other S&P 400 ETFs: MDY, MVV, IJH, RWK, UMDD, IVOO, MZZ, SMDD, MYY
- Other Intermediate Treasury ETFs: IEF, PST, IEI, DTYS, TYO, UST, VGIT, TBX, GSY, SCHR, DTYL, ITE, TYD, TBZ, DFVL, FIVZ, DFVS, TYNS
Fri, May. 16, 10:57 AM
- Barely in the green for the year at the moment, the S&P 500 could slide 10% between now and October, says the technician, but there's a stealth bear market already happening in the Nasdaq, S&P Mid-Cap, and Russell 2000, and when support breaks (less than another 2%), those indices could see 20-25% declines.
- The situation reminds him of 1994 when the Dow and S&P were in a trading range all year, but things were falling apart underneath the surface.
- Following the washout into October, though, Acampora sees a "very, very strong Q4."
- Nasdaq ETFs: QQQ, PSQ, TQQQ, QID, SQQQ, QLD, QQEW, QQQE, QQXT, TNDQ
- Mid-cap ETFs: MDY, MVV, IJH, VO, EZM, MIDU, RWK, UMDD, IWR, SCHM, DIM, IVOO, MIDZ, MZZ, CZA, FNX, JKG, SMDD, XMLV, MYY, TRNM, EWRM, PXMC
- Russell 2000 ETFs: IWM, TZA, TNA, UWM, URTY, TWM, RWM, SRTY, VTWO, EWRS, TWOK, SMLV
Tue, Jan. 21, 12:07 PM
- Goldman is dealing with some upset clients after its overvaluation call on the S&P 500 last week.
- "Most client responses attempted to justify personal expectations for continued multiple expansion in 2014 ... The low interest rate backdrop was the most common client justification for continued P/E expansion." Goldman, however, looks at P/E's vs. real rates over time and finds today's pricey no matter the rate environment.
- "Many on the buy-side expect price gains of 10% to 20% this year ... the fact remains that market has rarely traded at a higher P/E outside of the tech bubble, or coming out of recessions when EPS were extremely low."
- Attached charts
- S&P ETFs: SPY, IVE, SH, SSO, SDS, IVV, SPXU, UPRO, VOO, MDY, RSP, MVV, RWL, IJH, EPS, IVW, SPYG, RWK, RPG, UMDD, RPV, SPYV, BXUB, VOOG, IVOO, VOOV, MZZ, TRND, BXUC, SFLA, SMDD, FTA, MYY, BXDB
Nov. 11, 2013, 8:51 AM
- "I don't want to miss out." a Los Angeles real estate appraiser said in a note to his financial adviser last week after seeing one pundit up his DJIA forecast to 20K.
- "Frankly, from 2009 until recently, I wanted to stay very conservative," says a technology sales manager. "I want to get more aggressive."
- A Houston attorney and stock market skeptic was turned by her Schwab statement showing YTD gains of nearly 20%. She's planning on set aside more of her paycheck for stocks. "Sometimes you feel like it's too late. But it's probably never too late."
- Inflows of $8.9B into long-only equity funds last week were the largest amount since March 2000. This follows October inflows into stock funds that were the 3rd largest on record.
- Index ETFs: SPY, QQQ, SH, DIA, IWM, TZA, TNA, SSO, SDS, PSQ, IVV, SPXU, UWM, SPLV, UPRO, VOO, QID, MDY, VB, SPXS, PRF, SPXL, DOG, TQQQ, IJR, RSP, SQQQ, DXD, SLY, QLD, MVV, RWJ, RWL, IJH, EPS, VO, TWM, URTY, SCHA, SDOW, UDOW, DDM, EZM, MIDU, VV, RWK, RWM, SRTY, SCHX, IWB, UMDD, IWR, SPHB, NY, SAA, BXUB, SCHM, DWAS, QQEW, VTWO, MIDZ, QQQE, MZZ, JKD, IVOO, DIM, VONE, SBB, RSCO, EQL, FNX, JKJ, CZA, SDD, ROLA, TRND, SFLA, XMLV, BXUC, XSLV, JKG, SMDD, MYY, FYX, QQXT, VIOO, EEH, ONEK, TRSK, TRNM, SPXH, EWRS, TWOK, FSE, BXDB, EWRI, FSU, PXLC, SMLV, FWDD, TNDQ, LGLV, EWRM, ALTL, PXMC, PXSC
Nov. 1, 2013, 12:03 PM
- Investors poured another $12.4B into global equity funds in the week ended Wednesday, with BAML's Michael Hartnett saying another $8B-$9B of inflows over the next two weeks would trigger a contrarian sell signal in his firm's flow-based model.
- This would coincide with BAML's Bull & Bear Index, which is getting a little to bullish for comfort. Fund manager cash levels were at 4.4% in October. A dip below 4% in November, says Hartnett, would trigger a bright red Sell alert.
- Stock index ETFs: SPY, QQQ, SH, DIA, IWM, VTI, TZA, TNA, SSO, SDS, PSQ, IWC, IVV, SPXU, UWM, SPLV, UPRO, VOO, QID, MDY, VB, SPXS, PRF, SPXL, DOG, TQQQ, IJR, RSP, DXD, SQQQ, SLY, QLD, PRFZ, MVV, RWJ, RWL, IJH, EPS, VO, SCHB, TWM, URTY, SCHA, SDOW, UDOW, VXF, USMV, DDM, EZM, MIDU, VV, RWM, RWK, IWV, SRTY, SCHX, IWB, ITOT, ONEQ, PDP, UMDD, IWR, OEF, SPHB, IYY, MGC, NY, SAA, SCHM, BXUB, DWAS, QQEW, VTWO, XLG, NYC, MIDZ, MZZ, QQQE, QUAL, DIM, IVOO, JKD, SBB, VONE, EXT, RSCO, CZA, FNX, EQL, JKJ, FVI, SDD, EUSA, ROLA, PZI, FDM, SFLA, TRND, RTLA, XMLV, THRK, XSLV, JKG, BXUC, SMDD, WMCR, MYY, FYX, QQXT, VIOO, TRNM, ONEK, EEH, SPXH, TRSK, IWL, VTHR, EWRS, TWOK, FSE, FSU, PXLC, EWRI, PWO, TOTS, SMLV, BXDB, EWRM, LGLV, UWC, TNDQ, FNDB, FWDD, ALTL, FMK, PXSC, SIZE, PXMC, PIQ, TWQ
Oct. 31, 2013, 7:08 AM
- Still coming to grips with the slightest hawkish twist to the FOMC statement yesterday afternoon, S&P 500 (SPY) futures are down 0.25% and the Nasdaq 100 (QQQ) is off 0.45%. Facebook soared after a big earnings beat last night, then actually turned red during the earnings call, but is now higher by 3% in the premarket.
- Europe opened to the downside, but is now mostly higher, and Asia was solidly lower overnight.
- Treasury yields have regained some of their composure, the 10-year yield falling 3 basis points to 2.51%, after shooting higher yesterday afternoon post-statement. Gold's off 1% to $1,.335 per ounce.
- ETFs: SPY, QQQ, SH, DIA, IWM, VTI, TZA, TNA, SSO, SDS, PSQ, IWC, IVV, SPXU, SPLV, UWM, UPRO, VOO, QID, MDY, VB, SPXS, PRF, SPXL, DOG, TQQQ, IJR, RSP, DXD, SQQQ, SLY, QLD, PRFZ, MVV, RWJ, RWL, IJH, EPS, VO, SCHB, TWM, URTY, SCHA, SDOW, UDOW, VXF, USMV, DDM, EZM, VV, MIDU, RWM, RWK, IWV, SRTY, SCHX, ITOT, IWB, ONEQ, PDP, IWR, UMDD, OEF, SPHB, IYY, MGC, NY, SAA, SCHM, BXUB, DWAS, QQEW, VTWO, XLG, NYC, MIDZ, MZZ, QUAL, QQQE, DIM, IVOO, JKD, VONE, SBB, EXT, RSCO, CZA, FVI, FNX, JKJ, EQL, EUSA, PZI, SDD, FDM, ROLA, SFLA, RTLA, TRND, XMLV, THRK, XSLV, JKG, BXUC, SMDD, WMCR, MYY, FYX, QQXT, VIOO, EEH, TRNM, ONEK, SPXH, TRSK, IWL, EWRS, VTHR, TWOK, FSE, PXLC, EWRI, FSU, SMLV, BXDB, PWO, TOTS, EWRM, LGLV, TNDQ, UWC, FWDD, ALTL, FMK, FNDB, PXSC, PXMC, SIZE, PIQ, TWQ.
Aug. 23, 2013, 2:34 PM
- "The small cap valuation story has also deteriorated a bit," writes Credit Suisse's Calvasina and Mahaffy, noting the relative ratio between small caps and mid caps has gotten back in line with the long-term average.
- A bigger issue though, is absolute valuations - small and mid cap stocks have become overvalued relative to large caps which themselves are overvalued.
- Bottom line: The entire equity market has a valuation problem and the valuation of small and mid caps is little better or worse.
- Small cap ETFs: IWM, VTWO, EWRS, SRTY, TWM, RWM, TNA, URTY, UWM, TZA, SMLV, TWOK.
- Mid-cap ETFs: SCHM, RWK, FNX, MDY, IJH, VO, VXF, JKG, IWR.
May. 1, 2013, 2:23 PM"The canaries in the market coal mine are gasping for air," says CNBC's Melissa Lee, as mild declines in the Dow (DIA -0.5%) and Nasdaq (QQQ -0.2%) belie sharp drops in small caps (IWM -1.8%) and mid caps (MDY -1.1%). The S&P 500 has widened its lead over the Russell 2000 to about 200 basis points YTD. | 1 Comment
Mar. 14, 2013, 8:44 AMGuggenheim increases expense ratios on 4 ETFs on account of "higher acquired fund fees associated with the S&P benchmarks these ETFs track". The affected funds (with new expense ratio in parentheses) are: RFV (0.40%), RZV (0.38), EWMD and EWSM (0.43%). Two Russell and MSCI ETFs seeing a decline in fees are: EWRS (0.43%) and EWEM (0.70%). | 1 Comment
Feb. 15, 2013, 3:41 AMPowerShares expands its Low Volatility ETF suite with 2 new ETFs: S&P MidCap Low Volatility (XMLV) and S&P SmallCap Low Volatility (XSLV). The ETFs come with a 0.25% expense ratios, in line with counterpart IDLV (0.25%) and SPLV (0.25%), and slightly less than EELV (0.29%). Over the recent 1-year period, SPLV returned 16.36%, 68 basis points better than SPY, with an SD of just 8.6% vs. 12.8% for SPY. (pdf) | 1 Comment
Jan. 17, 2013, 10:05 AM
Jul. 14, 2010, 4:41 PM
MDY vs. ETF Alternatives
The SPDR® S&P MidCap 400 ETF, before expenses, seeks to generally correspond to the price and yield performance of the S&P MidCap 400 IndexTM. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details on sponsor's website
See more details on sponsor's website
Country: United States
Find the right ETFs for your portfolio: Seeking Alpha's new ETF Hub
- In Your Portfolio: Core Building Blocks: A Guide to ETFs That Divide the U.S. Stock Market by Market Cap
- Asset Class Performance: Market Cap
Other News & PR