BTC iShares MSCI Emerging Markets ETF
Bridgewater: What Are Ray Dalio’s Top Investing Ideas?
Founded by Ray Dalio, Bridgewater Associates’ top sell in the third quarter was the iShares MSCI Emerging Markets ETF (EEM).
Dow Jones: November Was Its Best Month since June
This week, the Dow Jones Industrial Average Index (DJI) rose 1%. On a month-to-date basis, it has risen 3.8% and heading for the biggest gain since June.
Dow Jones: First Weekly Decline after All-Time Highs
Last week, the Dow Jones Industrial Average Index (DIA) fell 0.5% after four consecutive weeks of rises. It closed 0.8% below the all-time high.
Where Stanley Druckenmiller Is Bullish
Last week, Duquesne Family Office, managed by Stanley Druckenmiller, filed its Q3 13F with the SEC. We’ll look at the fund’s top holdings, buys, and sells.
EEM: Trade War, US Dollar, and a ‘Golden’ Opportunity
In November so far, the iShares MSCI Emerging Markets ETF (EEM) has risen 0.9%. However, rising pessimism about US-China trade talks may spell trouble.
Energy & Utilities
Analyzing Tudor Investment’s Top Holdings
Tudor Investment founder Paul Tudor Jones II’s macro investment strategies have helped investors understand the opportunities in various securities.
Where Did Stanley Druckenmiller Place His Bets?
In the second quarter, Stanley Druckenmiller’s top five buys were Uber Technologies, Microsoft, Salesforce.com, PG&E, and Barrick Gold.
Asian Debt Crisis: Should Investors Be Concerned?
In a report released this month, Mckinsey discussed the Asian debt crisis. The Asian financial system has been exposed to a higher risk.
The Dollar Is Strengthening: How Will It Affect Markets?
The US Dollar Index, which measures the strength of the dollar against a basket of other currencies, has risen 2.2% in the past month.
Cooperman Thinks Trump Is Pulling Stock Gains Forward
Billionaire investor Leon Cooperman thinks Trump is trying to pull market gains forward in a bid to boost stocks in the run-up to the 2020 election.
Can Dalio’s Bridgewater Repeat Its Outperformance in 2019?
Bridgewater Associates, the largest hedge fund in the world, had 303 positions at the end of the first quarter.
Brokerages Raise China Outlook as Data Signals Turnaround
China’s slowdown was seen as a major risk for global markets last year.
BAML Survey: How Are Global Fund Managers Positioned?
BAML conducted a survey that polled 187 global investors with $547 billion in total assets under management between April 5 and April 11.
Gundlach Predicts What the Next Downturn Will Look Like
Jeffrey Gundlach believes that if the equities do well this year, emerging market equities will do better than US stocks (SPY) (DIA).
Company & Industry Overviews
Can Spotify Continue to Outperform Expectations in 2019?
In the fourth quarter of 2018, Spotify’s (SPOT) number of monthly active users rose 29% YoY (year-over-year) to 207 million.
Despite Record Highs, India Underperformed Emerging Markets
The iShares MSCI India ETF (INDA) and the Wisdom Tree India Earnings Fund (EPI), ETFs that invest in Indian equities, have risen 6.8% and 7.6%, respectively, this year.
This Is Fund Managers’ Most Crowded Trade in March
As with the biggest tail risk, the latest Bank of America Merrill Lynch Survey resulted in a new “most crowded trade” response as well.
Why Gundlach Thinks It’s Time to Be a Long-Term US Dollar Bear
During his “Highway to Hell” webcast, Jeffrey Gundlach put forth several arguments for a bearish long-term outlook for the US dollar (UUP).
A Global Slowdown Seems Definite but Markets Have Other Worries
Today, the Bank of Japan maintained its monetary policy but sounded less optimistic on the economy, stating that “exports and output have been affected by slowing overseas growth.”
China Lowers 2019 Growth Target—Hardly a Surprise
Today, China set a growth target of 6.0%–6.5% for 2019. The country had set a target of 6.5% in 2018, and the economy actually grew a bit more than that.
Trade War: Trump Picks New Targets as China Talks Wrap Up
Recent statements from the Trump administration suggest that the United States and China might resolve their trade disputes.
Why Buffett’s Next Elephant Could Actually Be a Dragon
In his annual shareholder letter, Buffett lamented the lack of big acquisition opportunities.
Druckenmiller Was Betting on These Top Names in Q4
Druckenmiller seemed to be positive on emerging markets, as the iShares MSCI Emerging Markets ETF (EEM) formed 3.8% of his portfolio at the end of the fourth quarter.
China Isn’t Helping the Global Economy’s Cause
On February 14, China released its January trade data. China’s exports in US dollar terms rose 9.1%, while its imports fell 1.5% YoY.
What’s the Most Crowded Trade Now?
For the first time in the history of the Bank of America Merrill Lynch Survey, “long” emerging markets (EEM) has been the most crowded trade for February.
How the Trade War Opened the Fault Line in China’s Economy
The trade war with the United States (SPY) has opened the fault line in the Chinese economy (BABA) (TCEHY).
Is China’s Economic Miracle Finally Over?
Last year marked 40 years since China opened up its economy. It’s seen impressive growth since 1978.
Trump Administration Withdraws Sanctions on Russian Companies
Over the weekend, the Department of the Treasury withdrew sanctions against some Russian companies (RSX) (EEM) including RUSAL.
Can the US Dollar Remain the Most Crowded Trade?
For the second straight month, the so-called FAANG and BAT stocks weren’t the most crowded trades.
January BAML Survey: Fund Managers Bearish, but No Recession Yet
The outlook on global growth is gloomy. A total of 60% of BAML’s survey respondents expect a slowdown in GDP gains in the next 12 months.
Most of Gundlach’s 2018 Calls Were Spot On—What about 2019?
So-called bond king Jeffrey Gundlach, who is also the CEO of DoubleLine Capital, has made his predictions for 2019 on a variety of topics.
How Ray Dalio Beat the Market and Peers in 2018
What is it exactly that helped Ray Dalio’s Bridgewater Associates beat the market and peers in 2018?
The Story behind Bank of America’s Bullish Gold Outlook
Bank of America Merrill Lynch (BAML) is overweight on precious metals going into 2019.
Company & Industry Overviews
Apple Will Need to Target Developing Markets for iPhone Growth
Global smartphone shipments declined 6% in the third quarter of 2018.
If This Is the Deep Panic Jim Paulsen Talked About, Start Buying
Jim Paulsen, The Leuthold Group’s chief investment strategist, thinks that after the ugly December for markets, investors’ panic is in the later stages.
How Investors Could Position for the Next Downturn
While talking to CNBC in September, Ray Dalio said that investors should get “more defensive” in the stock market, and warned that stocks’ upside looks limited.
US Dollar Overtakes FAANG and BAT Stocks as Most Crowded Trade
According to the Bank of America Merrill Lynch Survey, the US dollar (UUP) replaced the FAANG and BAT stocks as the most crowded trade.
Could Market Risks Restore Investor Confidence in Gold in 2019?
As we’ve discussed in this series, market uncertainty is increasing after an unusually calm 2017 and part of 2018.
Could Market Risks Restore Investors’ Focus on Gold and Miners?
After a calm period in stock markets, downside risks have increased.
Why Morgan Stanley Prefers Emerging Markets over US Markets
Similar to other investment banks, Morgan Stanley (MS) doesn’t have high hopes for US markets in 2019.
Bank of America’s Suggestions for Investors in a Market Decline
In a note published last week, Bank of America Merrill Lynch equity and quantitative strategist Savita Subramanian said, “We believe the peak in equities is likely before the end of 2019.”
Q4 2018 Started on a High Note for Gold
During the third quarter, gold’s price fell ~5%, dipping below the psychologically important level of $1,200 per ounce it touched in August.
Do Fund Managers Think the Stock Market Has Peaked?
November marked the second straight month of investors’ bearishness with 44% of them believing that global economic growth will decelerate in the next 12 months.
November BAML Survey: How Fund Managers Are Playing the Markets
Bank of America Merrill Lynch conducted a survey of 225 investors with $641 billion in total assets under management between November 2 and November 8.
What Will Drive Services Revenue for Apple?
Emerging markets such as China and international markets such as Japan have contributed significantly to Apple’s Services segment over the years.
Should Investors Be Interested in Emerging Markets?
Emerging markets (EEM) saw tremendous growth last year and grabbed investors’ attention.
Ericsson and Huawei Still Lead Evolved Packet Core Market
According to research firm Dell’Oro Group, Ericsson (ERIC) is the leader in the global evolved packet core (or EPC) market.
Gold, Miners Have Surged on the Market Rout—What’s the Upside?
Gold prices have failed to draw a bid in 2018 despite many market uncertainties, including trade tensions and other geopolitical concerns.
IMF Downgraded Global Growth Outlook due to Trade Tensions
The International Monetary Fund (or IMF) cut its estimates for global growth for this year and for 2019, citing trade tensions between the US and its trading partners.
What’s Driving Analyst Optimism about Gold?
Bank of America (or BofA) contends that gold prices should surge over the next year as US budget deficit and trade war concerns start to make an impact on the US economy.
Is Gold’s Longest Monthly Losing Streak Nearing an End?
Gold prices dropped for the sixth straight month in September.
When Will Fed Tightening Start to Hurt the US Economy?
Fed chair Jerome Powell said US companies are becoming more worried about the impact of tariffs and trade wars.
Why a Fed Policy Mistake Is Worrying Markets
Many market participants expect the economy to weaken in 2019. They’re concerned that the Fed might keep tightening the rates.
What to Look for in the Fed’s September Meeting
The Fed is scheduled to meet on September 25–26. The Fed is widely expected to raise rates by 25 basis points during the meeting.
Contrarian Investors’ Positions after BAML Survey
A record number of fund managers in the BAML September survey believe that gold is undervalued, trading at a 17-year low.
Investors Can’t Get Enough of FAANG+BAT, the Most-Crowded Trade
It seems like fund managers can’t get enough of technology stocks. They continue to invest in the so-called FAANG+BAT stocks.
What Could Be the Catalyst for Gold’s Short Covering?
According to the COT report for the week ended September 4, money managers resumed building their short positions in gold futures.
What US Investors Need to Know about Emerging Market Risks
According to the Institute of International Finance, the portfolio flows into emerging markets (EEM) slowed to $2.2 billion in August from $13.7 billion in July.
Could the US Dollar’s Rally Fizzle to Gold’s Benefit?
It’s no secret that President Trump wants a weaker dollar to support the country’s exports.
Investment Opportunities in This Environment
VanEck CEO, Jan Van Eck, joins me today to discuss his macroeconomic outlook and also to talk about investment opportunities that he finds most interesting in the current environment.
These Analysts Expect Gold Prices to Rebound on Short Squeeze
UBS strategist Joni Teves believes that the shorting of gold (GLD) “should ultimately be supportive” for the metal and allow “ample space for positions to be rebuilt ahead.”
Is This the Beginning of the End for the US Dollar’s Rally?
One of the culprits for weaker gold prices in 2018 is the strength in the US dollar.
A September Rate Hike Is Almost Certain—Beyond That, It’s Murky
On August 22, the Fed released the minutes from the meeting it held from July 31 to August 1.
How Would an Emerging Market Currency Crisis Impact Gold?
As Turkey’s concerns have spilled over to emerging markets, they are looking to monetize US dollar reserves to support their currency.
BAML Survey: Fund Managers Most Bullish on US Stocks in 15 Months
In this series, we’ll look at fund managers’ most crowded trades and top concerns according to a survey by Bank of America Merrill Lynch.
Turkey’s Crisis Didn’t Increase Gold’s Safe-Haven Bids
Usually, gold (GLD) gains due to economic or political turmoil. In 2018, gold has been behaving more like a risk asset.
Why Howard Marks Loves Emerging Markets
In the previous part of this series, we discussed Howard Marks’ latest views on FANG stocks and saw that he is concerned about high-growth technology stocks and the risk to the equity market (SPY).
Economic Indicators Investors Should Watch This Week
If major Eurozone economic indicators improve in the coming months, we could expect those economies to regain some strength.
Stronger Dollar Hampered Gold’s Performance in June
The dollar index is up 3.2% this year, while gold (GLD) is down ~6.0% year-to-date.
Fund Managers Believe Gold Is Undervalued: Time to Buy?
A record number of fund managers in the BAML (Bank of America Merrill Lynch) July survey believe that gold is undervalued.
Why Emerging Market Stocks and Bonds Appear Attractive
But let’s think about maybe more actionable items in terms of growth, because it’s clear that at least there are now some signs on growth inflection, maybe not globally, but at least in some parts of the world.
Company & Industry Overviews
Can GoPro’s Management Successfully Turn the Company Around?
GoPro (GPRO) announced its first-quarter results on May 3, and the company’s stock has risen almost 34% since then.
What Drove Cisco’s Infrastructure Revenue in the Third Quarter?
Cisco is losing market share to China’s (FXI) Huawei and is targeting growth in emerging markets (EEM) including India (INDA).
Goldman Sachs: Investors, Emerging Market Debt, and Equities
As of April 23, the iShares MSCI Emerging Markets ETF (EEM) has risen 17.2% in the past year.
Emerging Markets Offer Attractive Opportunities
Over the past decade, EM (emerging market) debt has delivered stellar returns compared to other fixed income categories, except high yields.
Company & Industry Overviews
A Look at Nokia’s 2017 Licensing Revenue
Last year, Nokia (NOK) announced a multiyear smartphone patent-licensing agreement with China’s (FXI) Huawei.
What February PMI Reports Say about Emerging Markets
In this series, we’ll analyze manufacturing and service activity in China, Brazil, India, Russia, Mexico, and Indonesia in February 2018.
Gold’s Role as a Strategic Asset
Despite the impressive rise of bitcoin in 2017, its increased price volatility and complex mining process have limited its demand.
Emerging Markets’ Manufacturing Activity in January 2018
In this series, we’ll analyze India’s, China’s, Brazil’s, Russia’s, Indonesia’s, and Mexico’s manufacturing and service activity in January 2018.
Why Citi Believes Synchronized Tightening Isn’t Visible Yet
In November 2017, the Bank of England implemented its first rate hike nearly after a decade.
What Were Bridgewater Associates’ Largest Holdings in 4Q17?
According to its institutional ownership report, Bridgewater Associates was the third largest investor in VWO with 68.9 million shares in 4Q17.
What the US Stock Market’s Past Tells Us about Its Future
The stock market (VOO) has shown staggering growth since the 2016 presidential election, aided by promises of tax cuts, lighter regulations, a better job market, and higher infrastructure spending.
Factors that Could Drive Long-Term Growth for Motorola Solutions
In fiscal 2016, MSI spent more than $500.0 million in research and development (or R&D) and $1.3 billion in mergers and acquisitions.
A Look at Emerging Market December PMI Reports
The iShares MSCI Emerging Markets ETF (EEM), which tracks the performance of emerging markets, rose 37.3% in 2017.
Analyzing Ray Dalio’s Top Buys in 3Q17
Legendary investor Ray Dalio has an optimistic view on the US market (SPX-INDEX) as well as on emerging markets (EEM).
A Look at Bridgewater Associates’ Largest Holdings in 3Q17
In 3Q17, the largest holdings of Bridgewater Associates were the Vanguard FTSE Emerging Markets ETF (VWO), the iShares MSCI Emerging Markets ETF (EEM), the SPDR S&P 500 ETF (SPY), the iShares Core MSCI Emerging Markets ETF (IEMG), and the SPDR Gold Trust ETF (GLD).
Does Brazil’s Services PMI Indicate Improvement in Its Economy?
According to a report by Markit Economics, the final Brazil services PMI (purchasing managers’ index) remained in the contraction zone in December 2017.
A Look at Emerging Markets PMI Reports in December 2017
In this series, we’ll analyze the manufacturing and services activity of China, India, and Brazil (EEM) in December 2017.
Global Markets Have Started 2018 on Strong Note: What’s Next?
Although the global equity market had the best start to a new year that it’s seen since 1988, investors should be cautious, according to Pimco.
Investors Should Watch These Economic Indicators This Week
The iShares MSCI ACWI ETF (ACWI), which tracks the performance of the global market, rose 1.1% in December 2017.
Company & Industry Overviews
How Offshore Expansion Is Testing Facebook
With the exception of China (MCHI) and North Korea, Facebook’s (FB) social media services are available worldwide, giving the company a global subscriber base of ~2.0 billion users.
Company & Industry Overviews
How Facebook Uses 2G Tuesdays to Improve Its Products
Facebook closed 3Q17 with 23,200 employees, compared with 20,700 employees at the end of 2Q17.
Crude Oil Could Continue to Rise in 2018
Crude oil prices improved in 2017. The WTI crude oil active futures contracts remained within the range of $54–$44 in 1H17.
Will 2018 Be a Smooth Road for Investors?
2018 also brings with it many geopolitical events that could bring uncertainty and turn the market around.
Which Global Markets Stood Out in 2017?
The three major indexes that track global markets showed growth in 2017. As of December 25, 2017, the MSCI ACWI Index (ACWI) had risen 21.2% year-to-date (or YTD).
Company & Industry Overviews
Unveiling ‘Two-Wheeler’ Mode in Google Maps in India
Google’s Two-Wheeler mode is designed to work on version 9.67.1 of Google Maps for Android. Apple’s (AAPL) operating system iOS has yet to get the updated feature.
Analyzing Indonesia’s Manufacturing Activity in November 2017
Indonesia’s manufacturing activity in November According to a report by Markit Economics, Indonesia’s (IDX) (ASEA) manufacturing PMI (purchasing managers’ index) rose to 50.4 in November from 50.1 in October 2017, marking the fourth consecutive month of expansion. In November, Indonesia’s manufacturing PMI was driven by the following: production output and volume rose, marking a second consecutive month of expansion in […]
Here Are the Economic Indicators We Should Watch
The iShares MSCI ACWI (ACWI), which tracks the performance of the global markets, rose 2% in November 2017.
Why Emerging Markets Are Rallying
There are a lot of reasons behind the sharp rally in EMs (SCHE). The prominent reason is that the GDP growth in many of these nations has improved in the last few quarters partially on the back of the rise in commodity prices like copper and oil.
Why It’s Imperative to Look for Yield Alternatives
In September, the Federal Reserve announced it will trim its $4.5 trillion balance sheet.