This is a departure from my usual blog, focusing on the newly launched ProShares Bitcoin Strategy ETF (BITO). Most ETFs analyzed in my blog articles are covered by ValuEngine with a handful of exceptions. ValuEngine does not cover any ETFs that do not hold stocks. Moreover being newly launched, our price-based models cannot yet be … Read more
The ETF reports on ValuEngine for funds that follow market benchmarks provide a side benefit in writing market analyses. They are a window to the implicit forecasts for 1-, 3-, 6- and 12-month forecasts VE models are making for each benchmark’s ETF portfolio. This is because the ratings and projections combine bottom-up constituent analysis with … Read more
In the wake of the Chinese Evergrande collapse, the S&P 500 shed more than 2% last Monday. Analysts speculated that Chinese real estate contagion might be especially detrimental to Apple, Google and Netflix, all purported to have huge exposures to China. In fact, two major investment banks issued predictions last week that the market would … Read more