Topley’s Top 10 – June 23, 2017
1.Oil Off to Its Worst Start Since in 20 Years.
So far this year, oil has lost 20 percent in value, its weakest performance for the first six months of the year since 1997.
Compliance with an agreement by the Organization of the Petroleum Exporting Countries and other producers to cut output by 1.8 million barrels per day from January reached its highest in May since the curbs were agreed last year.
Yet global inventories of both crude and refined products remain well above their long-term averages.
Oil ETF Right on 2016 Lows.
Topley’s Top 10 – June 21, 2017
1.It’s a Large Cap Growth Market.
SPDR Blog
Topley’s Top Ten – June 20, 2017
1.Market Breadth is Declining.
SPDR BLOG
When market gains are being driven by a few stocks, it means the market’s breadth—the number of stocks moving higher in tandem—is narrowing. This not only indicates that a rally may be somewhat unsustainable, but it may also indicate a challenging time for active managers. When only a few securities lead the charge, it limits the power of individual stock pickers.
As shown above, the market keeps setting new highs while the number of stocks surging ahead (measured by the number of S&P 500 stocks trading above their 200-day moving average) is falling. This could signal rocky days ahead for a stock market looking to move higher
Source: Bloomberg Finance L.P., as of 5/31/2017.
Past performance is not a guarantee of future results. Index returns are unmanaged and do not reflect the deduction of any fees or expenses.
Topley’s Top Ten – June 19, 2017
1.One Year Returns…Robotics ETF Up Double the S&P.
ROBO fund’s assets under management have more than doubled since March Barrons cover on robotics, to $670 million from $286 million, according to FactSet
http://www.barrons.com/articles/rise-of-the-robot-stocks-1497675257
ROBO +36% vs. S&P +16.75% 1 year
