U.S. Stock ETFs Soar After Landmark Agreement for $2 Trillion in Stimulus U.S. markets and stock exchange traded funds rallied Wednesday after lawmakers finalized a $2 trillion stimulus package to support a flagging economy dragged down by a coronavirus pandemic. On Wednesday, the Invesco QQQ Trust (NASDAQ: QQQ) increased 2.1%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) rose 5.6%, and SPDR S&P... READ MORE » |
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What’s the Coronavirus ETF Playbook? Over the weekend, Astoria released a report highlighting the performance of various asset allocation strategies during prior epidemics. We believe the most important statistics from our report are as follows: Since 1981, there have been 11 major epidemics for which we have a 3-year track record of measuring how a 60/40 portfolio... READ MORE » |
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Dear Larry: BlackRock’s New Fed: ETF Contract To: Larry Fink, CEO of BlackRock From: Dave Nadig, An ETF Nerd Dear Larry, Sorry for the familiarity. You don’t really know me. We’ve met in a few greenrooms and at a few fundraisers, but I’m taking liberties because hey, some times, eh? I know what every business associate’s living room looks like now, and... READ MORE » |
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U.S. Govt Agrees on the $2T Stimulus Package Good Morning All, My phone woke me up at midnight pinging that the US Govt had agreed on the $2T stimulus package….I scratch my head – not due size but the time – why did the alert get triggered at midnight? Where was the senate hanging out? Did they have to refresh the Guinness tap? [...] READ MORE » |
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Goldman Sachs: Gold is “The Currency of Last Resort” Cryptocurrency purveyors called Bitcoin “digital gold,” but gold itself is getting its own nicknames in this coronavirus-laden market landscape. Goldman Sachs dubbed gold the “currency of last resort” at a time when the markets are bracing themselves for a massive government intervention to curb the effects of the coronavirus. “We... READ MORE » |
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The Right ETF for China Now and Post-Coronavirus E-commerce is being touted as a beneficiary of the shelter-in-place lifestyle being experienced across the U.S. and some parts of China, but even as the latter says it’s notching fewer coronavirus cases and gradually reopening vital parts of its economy, online retail is poised to benefit. That could be a catalyst for ETFs,... READ MORE » |
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