Voter Feelings … (TWTW – Mar 20-24, 2017)

Voter Feelings … Thus did Canadian Finance Minister Bill Morneau explain the justification for deficits, while delivering the Trudeau Government’s second annual budget – one described by pundits as a “waiting for Trump” kind of budget…

The fact that Russia is according to Bloomberg battening down the hatches in anticipation of USD 40/barrel isn’t – if it proves prescient – good news for Canada … Needless to say!

Latest Developments:

  • Oil – Russia prepares for USD 40 per barrel oil … Read more => click HERE!
  • Politics – Trump’s Health Bill gets defeated
  • Technology -Apple releases special edition Red iPhone
  • Currencies – USD bullish bets pretty much off the table according to Bank of America Strategist
  • Europe – the UK’s Theresa May is expected to pull the trigger on article 50 this coming week … BREXIT => here we come …

Latest market numbers as seen through the ETFs providing exposure to the most commonly referred to benchmarks:

 

ticker name change ticker name change ticker name change
XIU S&P/TSX 60 -0.20% PXG RAFI Global Fundamental -0.81% VCN FTSE Canada All Cap Index ETF -0.83%
XIC S&P/TSX Capped Composite -0.97% PXS RAFI US Fundamental Index -1.86% VCE FTSE Canada Index ETF -1.18%
CRQ RAFI CDN Fundamental -1.04% QQC/F NASDAQ 100 CAD Hedged -0.76% VUN CRSP US Total Market Index Unhedged -1.64%
XSP S&P 500 CAD Hedged -1.47% PZC RAFI CDN Small-Mid Fundam -1.03% VSP S&P 500 CAD Hedged -1.92%
XUS S&P500 -1.13% VXC FTSE All-World Ex Canada Index ETF -0.90%
XMU MSCI Min Vol US -1.16% XXM/b Morningstar US Value (Unh) -3.07% VEF FTSE Developed ex North-Am CAD H -0.89%
CLU RAFI US Fund 1000 CAD H -2.42% YXM/b Morningstar US Momentum (Unh) -1.56% VDU FTSE Developed ex North-America -0.06%
XSU Russell 2000 CAD Hedged -2.65% FXM Morningstar CDN Value -0.81% VE FTSE Developed Europe -0.15%
XIN MSCI EAFE CAD Hedged -0.61% WXM Morningstar CDN Momentum -0.46% VA FTSE Developed Asia Pacific -0.03%
XEH MSCI Europe IMI CAD H -0.77% VXM/b Morningstar Intl Value (Unh) -0.27% VEE FTSE Emerging Mkts 0.65%
XEC MSCI EM IMI 1.04% ZXM/b Morningstar Intl Momentum (Unh) 1.09% HAZ Active Global Dividends -0.92%
XMM MSCI Min Vol Emerging 0.54% RWE MSCI Europe Low Risk Weighted (H) 0.16% HHF Morningstar Hedge Fund Index -1.43%
CWO RAFI Broad Emerging -0.39% HMF Auspice Managed Futures -1.79%
CJP RAFI Fundam Japan CAD H -0.63% ZDJ Dow Jones CAD Hedged -1.45% HAC Seasonal Rotation -0.70%
CDZ CDN Div Aristocrats -0.15% ZEQ MSCI Europe High Quality CAD H 0.05% HPR Active Preferred Shares -0.54%
week of: Mar 20-24, 2017 Source: ETFinsight/Bloomberg

Weekly Volumes for the week of Mar 20-24, 2017:

weekly volume data:
Total Volume non-leveraged $5,957,068,283
top 10 Volume non leveraged $3,049,021,674
Total Volume leveraged $1,727,355,938
top 5 Volume leveraged $1,069,461,639
Total Volumes overall: $7,684,424,221
Top 10 + Top 5: $4,118,483,313
top 10 non leveraged % of total nl: 51.2%
top 5 leveraged % of total leveraged 61.9%
Top 10 + Top 5 as % of total traded: 53.6%

Recent Volumes history:

volumes March 24, 2017

iShares – Rieder: Assumptions not to make after the FED’s March rate Hike

Vanguard – Thomas: Understanding market makers’ risks can help save on transaction costs 

Horizons – March 2017 distributions for Actively Managed ETFs => Click HERE!

First Asset – Momentum versus Value: rare across the board relative gains by Momentum. A prelude to a shift in overall markets?

Other:

Escott – Time to revisit European Equities? 

Inglis – The Longevity Challenge

Carrick – 2017 bond ETFs buyer’s guide => Click HERE!

Top and Bottom performing ETFs for the week of Mar 20-24, 2017:

 

Ticker Name % Change Avg Price Weekly Volume $ Volume traded
Top Performers week of Mar 20-24, 2017
HUV CN Equity BetaPro S&P 500 VIX Short-Term Futures ETF 5.56% $5.77 191,392 $1,112,157
HEP CN Equity Horizons Enhanced Income Gold Producers ETF 3.18% $25.76 61,237 $1,580,413
HNY CN Equity Horizons Natural Gas Yield ETF 2.67% $14.10 60,692 $858,284
ZGD CN Equity BMO S&P/TSX Equal Weight Global Gold Index ETF 2.34% $10.48 62,517 $658,407
XGD CN Equity iShares S&P/TSX Global Gold Index ETF 2.17% $13.19 12,843,679 $169,532,237
ZUT CN Equity BMO Equal Weight Utilities Index ETF 1.97% $17.87 478,182 $8,531,885
CGL/C CN Equity iShares Gold Bullion ETF 1.86% $14.66 94,358 $1,381,218
SVR CN Equity iShares Silver Bullion ETF 1.86% $9.75 60,628 $590,177
ZFL CN Equity BMO Long Federal Bond Index ETF 1.86% $17.38 101,215 $1,760,033
HUG CN Equity Horizons Gold ETF 1.84% $11.59 84,604 $980,212
Bottom Performers
XSU CN Equity iShares U.S. Small Cap Index ETF (CAD-Hedged) -2.65% $29.15 2,805,420 $81,477,722
XBM CN Equity iShares S&P/TSX Global Base Metals Index ETF -2.87% $12.00 228,829 $2,740,073
XXM/B CN Equity First Asset Morningstar US Value Index ETF -3.07% $17.37 303,800 $5,231,121
HBG CN Equity Hamilton Capital Global Bank ETF -3.08% $20.91 175,526 $3,670,819
FHE CN Equity First Trust AlphaDEX US Energy Sector Index ETF -3.10% $12.97 39,315 $504,599
ZJO CN Equity BMO Junior Oil Index ETF -3.24% $14.82 1,017,585 $14,961,184
XXM CN Equity First Asset Morningstar US Value Index ETF -3.27% $13.15 121,628 $1,594,883
ZMT CN Equity BMO S&P/TSX Equal Weight Global Base Metals Hedged to CAD Index ETF -3.57% $9.89 266,437 $2,663,870
ZBK CN Equity BMO Equal Weight US Banks Index ETF -4.82% $24.14 1,024,955 $24,910,989
ZUB CN Equity BMO Equal Weight US Banks Hedged to CAD Index ETF -5.20% $25.69 2,632,896 $67,511,830

Top Performing ETFs – Volatility resurfaces … Gold leads alongside Utilities and Long Bonds … Time for caution?

Bottom Performing ETFs – Trump Bump turning into Trump Slump? US banks leading to the downside while Treasuries are found amongst leaders throws some cold water on the post US Election rally. Is this the beginning of a corrective phase? With former leaders such as Value, respectively Small Caps also under pressure, while Energy also retreats … the possibility isn’t to be taken lightly…

Last week’s Sector Performance:

sectors weekly march 24, 2017

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