Schwab U.S. Large-Cap ETF(SCHX)- NYSEARCA
  • Thu, Aug. 11, 4:05 PM
    • The number of insiders buying stock in their own companies fell 44% Y/Y in July to 316, according to Bloomberg. It's the lowest monthly total in numbers going all the way back to 1988.
    • Those selling company stock totaled 1,399 - putting the ratio of seller to buyers at a level that's been exceeded only two other times.
    • “It’s people who are looking at the fundamentals of their business every day and seeing a picture that’s deteriorating,” says fund manager James Abate.
    • ETFs: CRF, SCHX, VV, USA, ZF, FEX, JKD, EEH, EQL, IWL, FWDD, SYE, SBUS, ZLRG, JHML, USSD, USWD
    | Thu, Aug. 11, 4:05 PM | 4 Comments
  • Thu, Jul. 28, 3:02 PM
    • Schwab (NYSE:SCHW) didn't get into the ETF business until 2009, but with $7.69B of inflows YTD, the operation manages $50.4B in ETF assets, making it the fifth-largest U.S. ETF sponsor.
    • A big reason is fees, and Schwab's funds have among the lowest expenses in the industry - in some cases lower than competing funds at Vanguard (whether there's a profit in that is a different story).
    • The Schwab U.S. Large Cap ETF (NYSEARCA:SCHX) and Schwab U.S. Broad Market ETF (NYSEARCA:SCHB) are the company's two largest ETFs, and each have a barely visible 0.03% expense ratio. They've brought in $681.5M and $569.6M of inflows, respectively, this year, according to S&P Capital IQ, which rates both ETFs Overweight.
    • In fixed-income, the $3.18B Schwab Strategic Trust (NYSEARCA:SCHZ) is 2nd in inflows this year among Schwab funds, with $994.3M. It's 0.05% expense ratio is lower than comparable ETFs from iShares and Vanguard. S&P Capital IQ rates it Overweight as well.
    | Thu, Jul. 28, 3:02 PM | 4 Comments
  • Tue, Jul. 19, 3:00 PM
    • Despite the post-Brexit moonshot in the stock market, investors are holding an average cash position of 5.8%, the highest level since November 2001, according to BAML's latest fund manager survey.
    • One month ago - in the caution ahead of the Brexit vote - cash levels were 5.7%.
    • BAML's contrarian "cash rule" says when average cash balances top 4.5%, investors are being overly cautious, making stocks a buy.
    • ETFs: CRF, SCHX, VV, USA, ZF, FEX, JKD, EEH, EQL, IWL, FWDD, SYE, SBUS, ZLRG, JHML, USSD, USWD
    | Tue, Jul. 19, 3:00 PM | 20 Comments
  • Fri, Jul. 15, 2:48 PM
    • "Investors have shunned equity funds year-to-date, but are now stampeding into the asset class for fear of missing out," says BAML's Michael Hartnett, as $10.8B poured into equity funds during the week ending July 13 - the highest in nine months. U.S. funds saw inflows of $12.6B, while Europe saw a record outflow of $5.8B - its 23rd consecutive week of outflows.
    • ETFs: CRF, SCHX, VV, USA, ZF, FEX, JKD, EEH, EQL, IWL, FWDD, SYE, SBUS, ZLRG, JHML, USSD, USWD
    | Fri, Jul. 15, 2:48 PM | 3 Comments
  • Wed, Jul. 6, 8:45 AM
    • Investors, for now, appear to have brushed off Brexit concerns, but "a maturing economic cycle with elevated valuations, decelerating buybacks, and growing political uncertainty provide the basis for potential market weakness in the second half," say David Kostin and team.
    • Their three-month S&P 500 price target range of 1,900-2,000 suggests a drawdown of as much as 10% from current levels. Citing above-trend U.S. growth, a cautious Fed, and an earnings recovery, however, the team sees the S&P returning to about 2,100 by year-end.
    • Best bets are health care, telecom services, and consumer discretionary, with energy, materials, and industrials riskier bets.
    • ETFs: CRF, SCHX, VV, USA, ZF, FEX, JKD, EEH, EQL, IWL, FWDD, SYE, SBUS, ZLRG, JHML, USSD, USWD
    | Wed, Jul. 6, 8:45 AM | 1 Comment
  • Wed, Jun. 8, 12:45 PM
    • An S&P 500 close to all-time highs and stretched valuations combined with a lack of growth, a Fed intent on hiking rates, and the uncertainty of a Brexit and U.S. election make for an elevated drawdown risk, says Goldman Sachs Managing Director Christian Mueller-Glissmann, reminding that selloffs in excess of 20% in major indexes are not that infrequent of an event.
    • He notes the particularly low level of the VIX as maybe setting the market up for an abrupt decline.
    • High correlations between markets are an issue too, as it makes finding a place to hide out that much harder. What about bonds? During drawdowns last summer and again at the start of 2016, fixed-income was a way less effective hedge than during the EU debt crisis, or the 2014 global growth scare, he says.
    • Mueller-Glissmann last month downgraded global stocks to Neutral, and advised clients to turn to cash and corporate debt.
    • ETFs: CRF, SCHX, VV, USA, ZF, FEX, JKD, EEH, EQL, IWL, FWDD, SYE, SBUS, ZLRG, JHML, USSD, USWD
    | Wed, Jun. 8, 12:45 PM | 1 Comment
  • Wed, Jun. 1, 11:35 AM
    • The market may think it's braced for a summer rate hike, but it isn't, says BAML equity and quant strategist Savita Subramanian, warning of an up to a 15% decline in the coming months.
    • The Fed's rush to hike is at odds with what's currently a profits recession - at least two quarters of year-over-year negative earnings growth. The central bank has only done this three other times, she says, and on two of those occasions, the market sold off over the next 12 months.
    • Big beneficiaries of low rates like consumer staples (NYSEARCA:XLP) and utilities (NYSEARCA:XLU) are also the most expensive sectors, she adds, furthering her point that the market has not priced in a hawkish Fed.
    • ETFs: CRF, SCHX, VV, USA, ZF, FEX, JKD, EEH, EQL, IWL, FWDD, SYE, SBUS, ZLRG, JHML, USSD, USWD
    | Wed, Jun. 1, 11:35 AM | 5 Comments
  • Tue, May 31, 11:23 AM
    | Tue, May 31, 11:23 AM
  • Mon, May 16, 11:13 AM
    • The market strategist team led by David Kostin continues to expect the S&P 500 to end the year modestly above its current level, but has a list of six risks for a short- to medium-term drawdown in prices.
    • It starts with expensive prices, and at 16.7x earnings, the S&P 500 valuation ranks in the 86th percentile relative to the last 40 years. Other reasons include corporate buybacks: They've been highly supportive of stocks, but typically decline in the summer months.
    • Then there's interest rates. Markets currently are pricing in very little chance of rate hikes this year, and thus setting themselves up for a possible hawkish surprise.
    • ETFs: CRF, SCHX, VV, USA, ZF, FEX, JKD, EEH, EQL, IWL, FWDD, SYE, ZLRG, SBUS, USSD, USWD
    | Mon, May 16, 11:13 AM
  • Tue, May 10, 8:35 AM
    • Things are calm now, with the VIX near its lowest levels this year, and the S&P 500 not having moved more than 1% in either direction for more than a month.
    • A "vortex of negative headlines," coming in June could change things, says Bank of America's Head of U.S. Equity & Quantitative Strategy Savita Subramanian. Among those: the Brexit vote, the June Fed decision, and the U.S. election. "One of the things we've noticed is that about six months ahead of November in an election year, the market typically peaks and trends downward."
    • She also notes the curiosity of the Fed being in tightening mode during a corporate profits recession.
    • ETFs: CRF, SCHX, VV, USA, ZF, FEX, JKD, EEH, EQL, IWL, FWDD, SYE, ZLRG, SBUS, USSD, USWD
    | Tue, May 10, 8:35 AM
  • Mon, Apr. 11, 7:39 AM
    | Mon, Apr. 11, 7:39 AM | 12 Comments
  • Thu, Apr. 7, 8:59 AM
    | Thu, Apr. 7, 8:59 AM | 7 Comments
  • Sun, Mar. 27, 12:16 PM
    • While the stock market’s first weekly setback in six almost "seemed inevitable after the powerful rally since mid-February," the move from "risk" to "haven" assets "wasn’t nearly as clear-cut as it was earlier this year," Wells Fargo says in a note today. This suggests more of a “sobering-up” consolidation after a rally driven more by “short covering” than by economic and market “fundamentals.”
    • "In fact, safe-haven gold, Treasury securities and the Japanese yen all were lower on the week in a largely “take-no-prisoners” mode across most asset markets."
    • One notable exception was the investment-grade corporate sector, which continued to march higher "on a lingering “reach” for yield and apparent spillover from the rally in its European counterpart inspired by the European Central Bank’s (ECB’s) looming bond purchases."
    • Now read Earnings Estimates Are Absurd »
    • ETFs: CRF, VV, USA, SCHX, ZF, FEX, JKD, EEH, EQL, IWL, FWDD, ZLRG, SYE, SBUS, USWD, GSLC, USSD
    | Sun, Mar. 27, 12:16 PM | 8 Comments
  • Tue, Mar. 22, 3:48 PM
    • "If you’ve been waiting to buy and haven’t yet, it’s best to wait for a pullback at this point," says Bespoke Investment Group, noting shares are at extreme overbought measures, with 93% of S&P 500 stocks above their 50-day moving average. "We expect this breadth measure to cool off a bit."
    • Bespoke remains bullish over the longer-term though, noting the strong breadth is the opposite of what happened in the early part of last year when the S&P 500 was making new highs, but fewer stocks were participating. Eventually, a sizable correction came.
    • UBS is more bearish, calling the S&P the most overbought it's been since 2009. "We see the market vulnerable for a significant reversal this week, which we would see as the beginning of a tactical top building process and subsequent correction."
    • ETFs: CRF, VV, USA, SCHX, ZF, FEX, JKD, EEH, EQL, IWL, FWDD, ZLRG, SYE, SBUS, USWD, GSLC, USSD
    | Tue, Mar. 22, 3:48 PM
  • Tue, Mar. 15, 5:52 AM
    • In a note this morning, analysts at Jefferies sound a bullish tone, noting that relative calm has returned to the high-yield debt market and money-flows are normalizing. In their words:
    • "U.S. monetary conditions have loosened as the inflation rate has climbed and real rates have gone negative despite last year's rate hike. China's monetary conditions through the double whammy of a cut in the RRR and increased bank loan growth have further eased monetary conditions in the dollar bloc.
    • "The drop in non-OPEC oil production (primarily led by the U.S.) and tentative verbal agreements amongst some OPEC members appears to have put a bottom in oil prices.
    • "The bottom line is that the 'perfect storm' is passing and that a number of unrelated factors have caused monetary conditions to ease."
    • Contrast Jefferies' view with that of Morgan Stanley, who said yesterday there's a 30% chance of a U.S. recession.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, SPXU, PSQ, TQQQ, SPXL, SPLV, RSP, SPXS, QID, SQQQ, PRF, QLD, CRF, DOG, DXD, UDOW, RWL, EPS, SDOW, VV, VFINX, USA, SCHX, DDM, IWB, OEF, ZF, SPHB, MGC, SPHQ, QQEW, QQQE, FEX, VONE
    | Tue, Mar. 15, 5:52 AM | 16 Comments
  • Mon, Mar. 14, 8:56 AM
    • Take advantage of the past few weeks' big rally to lighten up, suggests Morgan Stanley, cutting its year-end forecast for the S&P 50 to 2,050 from 2,175 (and against Friday's close of 2,022).
    • "The probability of a global recession has risen," says the team, now seeing U.S. GDP growth of just 1.7% this year, down from 1.9% previously. Outlooks for Europe and emerging economies were also cut.
    • They put the probability of global recession at 30% - the highest for this cycle.
    • Alongside this dour forecast, is, naturally, a positive one for bonds. They see the 10-year Treasury yield challenging its all-time ow of 1.38% by the end of Q3. It closed at nearly 2% on Friday.
    • ETFs: AGG, BND, BOND, PTY, CRF, RCS, VV, USA, SCHX, DBL, BTZ, HTR, PCM, SCHZ, ZF, JHI, BHK, FEX, JKD, TAI, EEH, BNDS, JMM, EQL, ICB, VBF, FBND, PAI, IWL, SAGG, IUSB, GBF, FWDD, ZLRG, SYE, VBND, SBUS, UBND, USWD, GSLC, USSD
    | Mon, Mar. 14, 8:56 AM | 4 Comments
SCHX Description
The fund provides exposure to large-cap U.S. companies. It seeks investment results that track the performance, before fees and expense, of the Dow Jones U.S. Large-Cap Total Stock Market Index℠ made up of approximately the largest 750 U.S. stocks.
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Country: United States
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