Today’s Chart of the Day was shared on Twitter by Charlie Bilello (@charliebilello). It’s a chart showing the year-to-date performance (total-return) of the largest Marijuana ETFs including; $MJ, $YOLO, $THCX, $TOKE, $CNBS, and $POTX. Charlie points out that almost all of these ETFs, except $MJ, were launched in 2019. As you can see, all six […]
Marijuana Massacre
Pot stocks have taken a nosedive this year. The largest ETF that tracks the Marijuana industry group, $MJ, hit an all-time low today and has fallen 47% in the past 12 months. It’s a sea of red regardless of what time frame you’re looking at. Just a year ago, sentiment around these stocks was euphoric. There was […]
Factor Battle
Over the last two trading sessions, there has been a lot of buzz around the performance between two “corners” of the market. However, these are not stocks in a specific sector or industry, but instead, we are talking about the returns among factors. And two factors in particular: Momentum ($MTUM) and Value ($RPV $SPYV). If […]
Chips Ahoy!
One particular area of the market that has gotten a lot of attention in the last 24 hours is Semiconductors. And as we know, strength from this group – both relative and absolute – is considered to give a bullish tone to the overall equities market. In fact, some have argued that Semiconductors are one […]
Chart of the Day – Monday, June 10th, 2019
Today’s chart of the day was shared on Twitter by Charlie Bilello (@charliebilello). It’s a ratio chart of the small-cap Russell 2000 Index relative to the large-cap S&P 500 ($IWM/$SPY). It’s currently at its lowest level since 2003. When this ratio is falling it means small-caps are underperforming large-caps and vice vera. The relative weakness of […]
