Rotating Regimes – What to Plan For in 2023

In general, the 2022 US Stock Market was a conflagration that wiped out almost everything in its path with the exception of a few industries and ETFs.  The ETF reports on ValuEngine for ETFs that follow market benchmarks provide a side benefit in writing market analyses.  They are a window to implicit forecasts for 3-, … Read more

Stock Analysis Inspired By Alternative Data Signals & A Tribute

I have spent 40 years helping to develop, research and market quantitative investment products with new twists. The advent of alternative data including the use of web-gathered information introduced new products in that regard. This has led to published papers in refereed journals such as “Using Alternative Research Data in Real World Portfolios” using data … Read more

Is It Time to Get Back to Basics?

I feel deluged lately by webinars and events touting investments in gold and precious metals. One theory pushed to support investment in these industry groups is that 1974 is here again.  They claim it is inevitable that the market will tank further as the economy plunges into stagflation, a deeper recession accompanied by huge inflation … Read more

How Much Runway Room Remains for the Aerospace/Defense Sector?

This year Aerospace stands out as one of the few industry sectors with a positive return other than energy and utilities.   For example, the iShares U.S. Aerospace & Defense ETF (ITA), the largest ETF by assets representing the industry, returned 15.2% over the past twelve months in contrast to the -13.6% return posted by … Read more

Screening for Dividend Yield, Value AND Expected Price Appreciation

In 2022, the majority of stocks and stock ETFs that have outperformed their peer groups were classified as value, high income, or both.  That may or may not continue into the future.  Last week, a colleague who prefers investing in stocks to ETFs asked me if I knew any stocks that the ValuEngine model ranked … Read more

ESG & ETFs: Between BlackRock and a Hard Place

An excellent ETF.com article was posted on September 22.  “NYC Comptroller: Blackrock ESG Standards Alarming” highlighted a very public effort by Brad Lander to shame Blackrock into being more environmentally conscious.  New York City Comptroller Brad Lander demands the company bolster its climate disclosures and publish a plan that establishes its commitment to net-zero greenhouse … Read more

Communications Services – 4 Years After Its Debut

In 2018, the General Industry Classification System (GICS) that defines the sector and industry groups of the S&P 500 made major changes to better reflect the changing global stock market environment.  The primary change was the creation of the Communications Services sector and elimination of a separate Telecommunications Services Sector.   All of the approximately 5,000 … Read more

3rd Quarter US Benchmark ETF Update

The third quarter was a tale of two halves.  The market staged what turned out to be a bear market rally throughout July and the first two weeks of August.  Then it was as if somebody blew a whistle.  The next six weeks saw the bear return with a vengeance.  The ETF reports on ValuEngine … Read more

Bank Stocks and ETFs in a Rising-Rate Environment

According to Investopedia, the industry that is best equipped historically to deal with a rising interest-rate environment is banks.  Generally, higher rates have led to wider spreads which in turn have led to higher profits for regional and money center banks. Therefore, we looked through Bank ETFs to see which ones our models found attractive … Read more

Six-Month Update – Wealth Preservation with Limited Market Participation in a Risk-On Environment

Six months ago, I discussed ways that investors could stay invested with one eye squarely on wealth preservation in a risk-on environment.  We are still in a risk-on environment where the choices we reviewed in March are still relevant. One half of the list included five stock-based ETFs without derivatives that focus on stocks with … Read more