Investors who have owned stocks since 2016 generally have experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return in the past …
Source: Zero Hedge
Barstool’s Portnoy-Backed BUZZ ETF Stumbles On Debut To bee or not to bee, that is the question… For days Barstool Sports’ Dave Portnoy pumped VanEck Vectors Social Sentiment ETF (ticker BUZZ) to his 2.4 million followers. Telling everyone how he’s putting his “face behind,” his “reputation behind,” and everything he represents behind this new ETF. Well, on opening day, VanEck Vectors Social Sentiment ETF (ticker BUZZ) plunged 3% in early trading, rebounding slightly after 1015 ET. The ETF (something we previewed to readers weeks ago) searches online sources such as social media, news articles, and blogs for highly spoken about stocks to trade. It then uses AI to identify patterns, trends, and changing sentiment, affecting market-based outcomes. It trades 75 US large-cap stocks with the highest degree of positive investor sentiment and bullish perception from the portfolio, which is rebalanced monthly. Here’s a partial list of BUZZ’s basket. With a dismal start to trading, Portnoy starts the pump.
Cathie Wood made some more moves in tech for her Ark Invest portfolio on Friday. Wood, founder and CEO of ARK Investment Management, is a big name in the investment world — her company’s portfolios have been bringing in returns of more than 100%. See Also: Cathie Wood Talks Innovators And Disruptors . What Happened : On Friday, during a volatile day of trading that saw the SPDR S&P 500 ETF Trust (NASDAQ: SPY ) break below the $380 mark in after-hours trading, Ark Invest was bullish and bearish on certain tech names. Ark Invest dipped once again into Palantir Technologies Inc (NYSE: PLTR ), with the fund adding 3,365,400 shares … Full story available on Benzinga.com
Source: Yahoo Finance
Columbia, SC, based Investment company Ccm Investment Advisers Llc (Current Portfolio) buys SPDR S&P 500 ETF TRUST, sells BP PLC, General Dynamics Corp during the 3-months ended 2020Q4, according to the most recent filings of the investment company, Ccm Investment Advisers Llc.
Source: Zero Hedge
VIX Will Be Key Today Amid all the bond-related headlines yesterday, few noticed the huge spike in VIX (and vols broadly) that also hit. The ‘fear and greed’ index spiked from around 22 to over 31 and is holding those gains in the pre-market… And yesterday’s surge in implied correlation suggests major macro overlays were put in place (which could mean rotations from macro hedges to micro hedges today). Futures are holding 3825 after a putting in a 3800 low and 3850 high, but, as SpotGamma warns, VIX will be key today, if it declines then we think a move back up into the 3900 area is quite possible. If VIX continues higher then we think the market stays under pressure. A few days ago we talked about the VIX and the contango, and how quickly the VIX could snap-back due to how steep that curve was. The image below shows the implied volatility level of at the money SPX options and how that snapped from contango to backwardation. The lower red circle highlights data from Wednesday, the day of the big market rally.
Investors who have owned stocks since 2016 generally have experienced some big gains. In fact, the SPDR S&P 500’s (NYSE: SPY ) total return in the last five years is 117.3%. But there is no question some big-name stocks performed better than others along the way. 3D Systems’ Bumpy Ride: One company that has given investors whiplash in the last decade is 3D printing stock 3D Systems Corporation (NYSE: DDD ). 3D Systems was one of the biggest booms and busts of the early years of the post-financial crisis bull market. In early 2009, the stock was trading under $6, but it reached a peak of $97.28 by early 2014. By the time the beginning of 2016 rolled around, the stock was trading all the way back down at around $8.50. During the peak of the 3D printer market mania, bulls justified absurd market valuations by arguing that 3D printers would ultimately be … Full story available on Benzinga.com
The SPDR S&P 500 ETF Trust (NYSE: SPY ) is down 2.1% in the past five days. One of the issues creating volatility in the markets is the potential inflationary impact of the unprecedented Federal Reserve stimulus measures on the value of the dollar and the possibility that the Fed will need to raise interest rates much sooner than anticipated to keep inflation in check. Powell Calms The Market: On Tuesday, Fed chair Jerome Powell reassured investors that inflation levels are far from troublesome at this point. “Following large declines in the spring, consumer prices partially rebounded over the rest of last year. However, for some of the sectors that have been most adversely affected by the pandemic, prices remain particularly soft,” he said. Powell said the U.S. economy is still far from the Fed’s inflation and employment targets, and investors shouldn’t expect the … Full story available on Benzinga.com