Despite an increasingly tense situation in Egypt and the broader Middle East in general, American equity markets rose across the board in Tuesday trading. The Dow jumped by close to 150 points while the S&P 500 and the Nasdaq posted even better days, rising by 1.7% and 1.9%, respectively. In commodity markets, WTI crude retreated by more than $1.5 a barrel while other types of energy were more mixed on the day. Other commodity types such as precious and industrial metals finished the day higher while grains generally outperformed as well. These gains in commodities came as the dollar sold off significantly against most of its major rivals as the U.S. dollar Index fell by 1.0% on the day. Traders also sold off some of their Treasury bond holdings as investors moved back into riskier assets throughout the trading session. [click to continue…]
Thanks to ongoing concerns about the U.S. dollar and debt crises around the world, many investors have focused in on commodities as a way to save their portfolios from the ravages of inflation. Most investors have taken a closer look at a select few commodities such as precious metals, energy, or grains as a way [...]
Direxion, one of the leaders in the rapidly-expanding leveraged ETF space, has filed for approval on 36 new ETFs, including two non-leveraged products. The Direxion Auto Shares would seek to match the performance of the Indus Global Auto & Auto Suppliers Index, a benchmark that consists of approximately 30 companies engaged in the manufacturing, maintenance, [...]
Currently, there is fierce debate raging over the future of the economy. Some economists and investors are projecting a period of deflation spurred by falling asset prices for debt-based goods (such as houses) and the lack of credit available to most small consumers. In addition, the core CPI level recently fell for the first time [...]
The rise of the ETF industry has democratized commodity investing, making this asset class accessible to more investors than ever before. ETFs offer exposure, both direct and indirect, to almost every commodity imaginable, ranging from popular resources such as metals and grains to obscure commodities like azuki beans and greasy wool. With all the attention [...]
Global X Funds, the New York-based ETF provider that was the first to offer funds focusing on Colombia and the Nordic region, has filed for approval with the SEC to launch six new ETFs that focus on various sectors of the Chinese economy. The proposed funds include:
