ETFs - Spark Newswire

1 minute read

Janet Yellen Says US Monitoring UK Developments, Both Countries Share Inflation Woes

Today, 11:53 AM

U.S. Treasury Secretary Janet Yellen said the United States was monitoring developments in Britain after the government announced a fiscal program that dragged the pound to a record low against the dollar.

FXB

2 minute read

‘Big Short’ Investor Michael Burry Says This Could Be The Real Reason Yields Are Rising Despite Deflation Talks

By Bhavik Nair

Today, 11:53 AM

"Big Short" investor Michael Burry has pointed out in his now-deleted tweet that rising yields across the curve despite a widespread prediction that deflation could be on the cards is likely a function of quantitative tightening.

AGG

2 minute read

Larry Summers ‘Glad’ IMF Recognizes ‘Gravity’ Of British Situation: Here’s His Take On Inflation

By Bhavik Nair

Today, 11:53 AM

Former Treasury Secretary Lawrence H. Summers has expressed his delight at the International Monetary Fund urging the United Kingdom to re-evaluate its unprecedented tax cuts.

FXB

2 minute read

S&P 500 Breaches June Low: Why PreMarket Prep Is Watching This Bond ETF

By Joel Elconin

Today, 11:53 AM

Let”s cut to the chase. Long before the Fed heads made their hawkish comments Tuesday morning, we all knew what is plaguing this market: rising interest rates.

DXZ

2 minute read

British Pound Weakness Far From Over? Options Market Positions Indicate Currency Will Fall To $1 Or Below

By Bhavik Nair

Today, 11:53 AM

After the British pound tumbled to its record low on Monday following the U.K.

FXB

1 minute read

Cathie Wood Splurges $22M To Hike Stake In This Chipmaker Stock Worrying Jim Cramer

By Bhavik Nair

Today, 11:53 AM

Cathie Wood’s Ark Investment Management on Monday hiked its stake in chip manufacturer Nvidia Corporation (NASDAQ: NVDA) via the ARK Genomic Revolution ETF (NYSE: ARKG).

ARKG

2 minute read

Bank Stocks Are Historically Cheap, But May ‘Need To See More Pain’ Before It’s Time To Buy

By Wayne Duggan

Today, 11:53 AM

The SPDR S&P Bank ETF (NYSE: KBE) is down 18.6% year-to-date, only slightly outperforming the S&P 500 as a whole. Rising interest rates are typically good news for bank earnings, but the weakness in bank stocks as of late has been driven by concerns over a potential slowdown in the lending market.

FRC

3 minute read

Will The S&P 500 Plunge To 2,000? Fed’s Decision Sparks 2008 Flashbacks And Bearish Predictions Into 2023

By Melanie Schaffer

Today, 11:53 AM

Professor of applied economics at Johns Hopkins University, Steve Hanke, made a bold prediction on CNBC’s Street Signs Asia on Friday.

SPY

1 minute read

Cathie Wood Loads Up $23M In Gene-Editing Company’s Shares As They Slump 10% In A Month

By Bhavik Nair

Today, 11:53 AM

Cathie Wood-led Ark Investment Management on Friday raised its stake in clinical stage genetics medicine company Verve Therapeutics Inc (NASDAQ: VERV) via two of its exchange-traded funds.

ARKG

1 minute read

This 7% Yielding ETF Was Ravaged By Ukraine War. Is Now The Time To Buy?

By Robert Kuczmarski

Today, 11:53 AM

The iShares MSCI Germany Index Fund is down roughly 39% year-to-date, after hitting a high of $33.51 back in January 2022. The steepest decline in the exchange traded fund took place shortly after Russia decided to mobilize its troops into Ukraine as a “specialty military operation,” which took place in February 2022.

EWG