Your world at 9am
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Out of 43 world ETFs listed in NYSE that we track, 29 are trading above their 10-day SMA and 16 are trading above their 50-day SMA.
The Coming High Yield Downturn will be Big, Long and Ugly
The US high yield market has grown larger and riskier since the financial crisis. Issuers of debt have the whip hand as buyers compete to gain an allocation in the face of surging demand from CLOs and retail funds.
Smart Beta Performance Isn’t Worth the Cost
Last summer, we looked at fundamental indexing, which is perhaps better known by the catchy marketing phrase “smart beta.
Morgan Housel wrote a great post this week about Useful Hacks. Here’s an example I liked: Writing hack: Write every day for years.
Inside the chaos of Donald Trump’s trade wars
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G7 summit ends in disarray as Trump abandons joint statement
US President Donald Trump has retracted his endorsement of the joint communique issued at the end of the G7 summit, accusing Canada of “dishonesty”. He said that other countries were imposing “massive tariffs” on the US.
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