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This week, the S&P 500 experienced one of its worst daily performances since 2022, followed by one of its best. Despite the volatility, the index posted a slight loss of just 0.04% compared to last week.
U.S. stocks rebounded on Aug 8, 2024, after weekly initial jobless claims fell more than the forecast in a positive update on the health of the US jobs market.
FCTE is an actively managed ETF attempting to outsmart the S&P 500 by betting on its 20 most promising constituents. It is supposed to rebalance the portfolio monthly. Since its debut in July, FCTE has amassed $308.6 million in AUM and beaten IVV and QQQ. FCTE has an earnings yield higher than that of IVV, plus mostly stronger quality. Its growth proposition is weaker.
ETFs across various categories pulled in $16.1 billion in capital last week, with U.S. equity ETFs leading the way with $9 billion in inflows.
One of the most valued attributes of ETFs is diversification. Rather than attempting to choose a couple of winning stocks, these equity funds own more securities.
The S&P 500 fell for a third straight week and dropped to its lowest close in almost two months on Friday. The index is currently 5.66% off its record high from July 16th, 2024 and is now up 12.73% year to date.
A hypothetical S&P 500 “median” company is overvalued by 14% relative to 11-year averages. Nonetheless, energy, communication services, consumer staples and real estate are undervalued based on the same metrics. Industrials and information technology are the most overvalued sectors.
Such 100% buffer ETFs weren't viable when interest rates were close to zero. But with Treasuries yielding about 5% today, you can get a 10% maximum upside cap rate with zero downside.
The S&P 500 fell 2.0% this week, its largest weekly drop since April. The index is currently up 16.07% year to date and has recorded a new all-time high 38 times this year.
This ETF Edition highlights 12 less covered exchange-traded fund ideas on Seeking Alpha from June 1st - July 15th. ETFs in our first edition include Saba Closed-End Funds, iShares 20+ Year Treasury Bond BuyWrite Strategy, Global X Russell 2000 Covered Call, Invesco S&P 500 GARP, and more. Managed futures are in focus with one ETF idea where the author writes they "offer potential for maximizing income, boosting returns, and reducing volatility in a portfolio".