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ROBO GLOBAL(R) Q2 2017 ROBOTICS QUARTERLY REVIEW
July 25, 2017--RECORD BREAKING YEAR FOR ROBO
The equity market has been resilient in the face of the realization that perhaps no fiscal stimulus is forthcoming this year.
This means that impressive gains in the US and world indices this year were not about Trump, infrastructure spending or the tax cuts, but about improving underlying company fundamentals and liquidity.
During Q2 2017, the ROBO Index was up 6.6%. The returns for 11 of 12 subsectors were positive, with only Energy down. The best performing subsectors were Consumer Products and Security, up 22% and 17%, respectively.
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Source: ROBO Global (R)
ProShares Launches First U.S. Equity ETF Specifically Designed to Outperform in a Rising Rate Environment
July 25, 2017--ProShares, a premier provider of ETFs, announced today the launch of ProShares Equities for Rising Rates ETF (EQRR), the first U.S. equity ETF specifically designed to outperform traditional large-cap indexes, such as the S&P 500,in a rising interest rate environment.
The fund is benchmarked to the Nasdaq U.S. Large Cap Equities for Rising Rates Index and is listed on the Nasdaq exchange.
Called NYSE American, the newest U.S. stock exchange went live Monday with a feature IEX first made famous: a 350-microsecond delay on orders, a speed bump that blunts some speed-driven trading strategies. view more AdvisorShares Weekly Market Review-Markets Continue To Melt (higher!) view more
Source: Bloomberg
July 24, 2017--Highlights of the Prior Week Ending 7/21/2017
Macro
The Bank of Japan (the central bank) left rates on hold at -0.1% and also revised its timetable for achieving 2% inflation to 2020.
There is a quote that goes something like "inflation is the easiest thing in the world to create, except when you need it." Before the financial crisis, the only concern was that of inflation. The crisis was a deflationary event that fortunately did not create a deflationary debt spiral but global GDP has not really gotten going, for developed countries anyway, and countries are struggling to get inflation to levels that would go with healthy growth.
Source: AdvisorShares
