1.Semiconductor ETF +62% Off 2016 Lows.
Cyclical symbol of rising economy.
Semiconductor ETFs To Consider
The iShares PHLX Semiconductor ETF (SOXX) has $660 million in assets. Exposure is primarily in semiconductor stocks (87% of assets), while semiconductor equipment stocks (13%) like Applied Materials (AMAT) are much less represented. In addition to U.S. stocks, the ETF has exposure to companies based in Singapore and Taiwan, The ETF trades on average 515,000 shares on a daily basis and has a 0.48% net expense ratio.
1.Jeff Gundlach Barron’s Picks.
PPT-“one stop shopping, low-risk bond portfolio”
Long India-INDA Positive on Demographics
Long Japan Hedged…Central Bank now Buying Stocks.
Read Full Gundlach Comments
1.Where we Stand on Inaguration Day?
1.The Most Hated Bull Market Ever Continues….January Redemptions in Domestic Equities.
Euphoria? Okay, sure. Maybe in word, but not in deed. Here’s Oppenheimer’s Ari Wald highlighting a divergence that merits attention…
While newsletter surveys are signaling optimism, recent fund flow data suggests that investor skepticism still lingers. For instance, ICI estimated a $2B net outflow from domestic equity ETFs and mutual funds for the week of Jan 6 which marks the first redemption since the US election. What investors are doing is often more important than what they’re saying, and we therefore view this lack of euphoria as a positive for the overall equity cycle.
From Josh Brown Blog