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"The Fed Has No Idea How Bad It Is Out There" So Here"s Some Context...

"The Fed Has No Idea How Bad It Is Out There" So Here's Some Context... To quote Jim Cramer circa August 2007, "the Fed has no idea how bad it is out there" and 15 years later his rant is just as applicable, in a market that has rarely been uglier. So to help the Fed - and all those other traders who still refuse to panic even though they probably should (according to Goldman, over the past 15 years, there have been 36 daily selloffs of 4% or more, and the VIX was never as low as it was on Wednesday), here's some context courtesy of DB's Jim Reid to show just how bad it is. Quoting DB's chief equity strategist, Binky Chadha, Reid notes that the current -18.7% correction is actually the 6th largest non-recession (so far) correction in post WWII history, only behind > July-98 (around LTCM and Russia default), > Sept-18 (QT and Fed hikes finally bite), > May-46 (post WWII), > Dec-61 (so called Kennedy slide) and finally > Aug-87 (including the Oct-87 crash). Of course, if one includes recessions, there are fifteen larger post WWII sell-offs with the median recession sell-off at -23.9%. From here, the Deutsche Banker - who alone among his Wall Street peers has forecast a US recession in 2023 - expects the US to move towards the average recession decline in the near term which would put the S&P 500 at 3650 (current 3900), a similar near-term view to that of Morgan Stanley's Michael Wilson. At this point, markets become remarkably binary. In the event we do slide into recession, the Deutsche Bank strategists see the sell-off going well above average, i.e., into the upper half of the historical range given elevated initial overvaluation. This means -35% to -40% or S&P 500 at 3000. However, in the event we do not and growth and the labor market hold up in 2022 - which they won't -  they expect the market to rally back to 4700-4800 by year-end as equity positioning rebounds from very low levels. And just to add another twist, while Binky’s baseline view is that the economy doesn’t slide into recession this year and the S&P 500 ends the year at 4750. However, that's before the economy does slide into a recession next year. So clearly, Jim writes, "if the recession then comes in 2023 markets can again price in a recession and see dramatic falls", meaning non-stop market rollercoasters for the next two years. Indeed, as Reid concludes, "one thing is clear. This is not a market for the faint hearted!" There is more in the full piece from Binky Chadha for valuations, sell-offs in historical context, signs of late (but not yet end) cycle, sector analysis and positioning, available to professional subs in the usual place. Tyler Durden Sun, 05/22/2022 - 18:25.....»»

Category: worldSource: nyt7 hr. 15 min. ago Related News

Meet a 37-year-old with a student-loan bill $30,000 higher than when she graduated college in 2008: "I have a good job and no kids, but I have this debt"

Shanna Bennett chose a career in business psychology thinking she'd make enough to pay her debts. Now she wishes she'd considered community college. Shanna Bennett owes $30,000 more in student loans than she did on the day she graduated, 14 years ago.Shanna Bennett Shanna Bennett owes more than $130,000 in student debt.  That's $30,000 more than she owed 14 years ago when she finished school, due to interest.  She says it's affected her credit score, relationships, and ability to pay off other debts, such as her car.  Shanna Bennett was the first person in her family to attend college — and growing up, there was no question that she would be. Bennett's family immigrated from Jamaica to Philadelphia in the 1990s when she was 7-years-old. "Once we got here, it was clear my job was to be educated and to get an education," the 37-year-old told Insider. "It was a big deal for me to get into an American university and graduate from one. But at no point did anyone bring up the cost." When Bennett finished college and graduate school in 2008, she owed more than $100,000 in student loans. After graduating, she struggled to find a job that paid enough for her to get a handle on her debt, which eventually peaked near $200,000 with interest. It's been 14 years since she left school, but she still owes over $130,000 to private loan companies, which Insider verified through documents that Bennett shared. Bennett's story resembles that of many Americans, 43 million of whom have student loan debt — that's one in 8, according to a NerdWallet analysis of May 2021 census data. Those between the ages 25 and 34 are the most likely to hold student loan debt, but the greatest amount is owed by those between 35 and 49 years old, like Bennett — more than $600 billion collectively. Since March 2020, federal borrowers haven't been required to make student loan payments and haven't been charged new interest, but pressure is mounting for President Joe Biden to cancel some or all of that debt. At the end of April, Biden said he'd "have an answer" on forgiveness in the coming weeks."It's affected me in every single way," she added. "When we talk about student debt, there's this idea that people who are openly talking about it are lazy and not hardworking but we are."'I saw that they were at $200,000, and that's when the shame set in' Bennett said that she wasn't aware of how difficult it would be to pay off her debt until she was in graduate school. And even then, she didn't realize that she could make payments for nearly 15 years and still owe more than she did on graduation day."My family navigated the higher-ed process without knowing very much about it," she said. "Looking back, I would have loved it if community college was pushed more. But the idea was that it wasn't challenging for me, or good enough for me." After graduating college, Bennett immediately enrolled in a master's program for business psychology, which she said she picked based on the earning potential. She currently works as a human resources manager at a mid-size manufacturing company, but it took her years to secure a position like that. She said she chose her field of study "without fully understanding what an entry level position looks like for that degree," she said. After graduation, she says she struggled to find a job, despite having two degrees in her field. When she finally did, she only made $15 per hour. After seven years of making the minimum payment on her monthly bill, she'd barely made a dent in the principal amount. She applied for forbearance so she could temporarily stop making payments on her loans, given that they were too much to handle. But she still had to pay the interest that accrued each month — ranging from 6.5% to 10% — making the process feel like walking on a treadmill and never reaching the end. "It was not until I was married and had my first big-girl job that I thought, 'let's tackle this.' And when I sat down to look at my bills, I saw that they were at $200,000, and that's when the shame set in." 'Our money should be in the market and growing' When Bennett got engaged to her ex-husband, she told him how much debt she had, and they took a course on paying it off. The course encouraged people to pay off their smallest debts first, forgoing longer term investments like saving for retirement in order to dedicate all extra cash to pay down bills, she said. It didn't sit well with her. "I was an HR manager at the time," she said, "encouraging employees to take advantage of their benefits, and I wasn't even enrolled in it."In the past few years, Bennett said, she's found a wealth of resources in the personal finance community on Instagram, as well as Debt Collective, a debtor's union. Instagram "empowered me to start throwing money into my 401k," she said. "Our money should be in the market and growing… some of us have been in debt for 20-plus years, and to not throw money into retirement for all that time is ridiculous."Through the personal finance community, Bennett said she also learned how to pay off her car loan, adding that her credit card bill is also paid off each month. Bennett said that she's in much better shape than she was a few years ago, but that debt is still cutting off possibilities for her future. "I would love to travel right now," she said. "I have a good job and no kids, but I have this debt… I have just under $132,000 in debt remaining, and I'm watching very closely what the Biden administration does with student loans."Read the original article on Business Insider.....»»

Category: topSource: businessinsider17 hr. 30 min. ago Related News

England"s medieval lords were mainly vegetarian and only occasionally gorged on meat at "massive barbecues," archeologists say

England's pre-Viking elite were "flexitarians" who only consumed huge feasts of meat on special occasions, according to isotopic skeleton analysis. Illustration from 19th century of a Medieval banquet in a castle.Getty Images It's long been assumed that England's Medieval rulers ate copious amounts of meat. The scientific analysis of thousands of skeletons shows the diets of the pre-Viking rulers were  "flexitarian." Feasts of mutton and beef were reserved for special occasions, the studies say. The long-held assumption about Medieval rulers has been that they ate copious amounts of meat, but new research shows that England's pre-Viking social elite more likely had a "flexitarian" diet.According to a pair of papers in the Anglo-Saxon England journal, the food consumed by early Medieval England's high society was largely cereal and vegetable-based.Feasts of mutton and beef, a team of bioarcheologists have concluded, were reserved for special occasions.Royals and nobles occasionally gorged on meat at "massive barbecues" hosted by free peasants and farmers, according to the Cambridge University research. At the 300-person feasts, the studies say individual guests were sometimes offered up to 2.2 pounds of meat and 4,000 calories worth of food.But meat-heavy celebratory meals were not the norm, the academic papers say.Medieval rulers' diets were low in animal protein, according to the isotopic analysis of 2,023 people buried in England from the fifth to the 11th centuries.The isotopic analysis involves archeologists collecting information on the chemical signatures of diets by examining bones and teeth.Sam Leggett at work in a laboratory.Tom Almeroth-Williams, University of Cambridge"I've found no evidence of people eating anything like this much animal protein on a regular basis," said Sam Leggett, who co-authored the studies in a press release. "If they were, we would find isotopic evidence of excess protein and signs of diseases like gout from the bones. But we're just not finding that."To the surprise of Leggett and co-author Tom Lambert, their research goes against the historical assumption that the social elite and the peasant class had substantially different diets.Leggett cross-referenced the isotopic findings with evidence for social status, noting the number of foreign grave goods, body position, and grave orientation. The evidence indicated no direct correlation between wealth or power, judged by burying practices, and higher animal protein consumption."The popular view has always been of a big social divide between the elites and the peasants," Lambert told The Sun. "But their diet was the same. It shows on normal days. They were mostly eating bread and vegetable stew. And, once in a while, they would come together for a nice spread or a barbecue. So [it was] an early form of flexitarianism."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderMay 21st, 2022Related News

A new proposed tax on Big Oil"s profit markups offers a solution for cash-strapped Americans

Big Oil has taken advantage of inflation to raise gas prices. Here's how a new piece of legislation, the Big Oil Windfall Profits Tax, would combat that. A U.S. postal worker puts his seatbelt on after filing up his vehicle at a gas station in Garden Grove, California, U.S., March 29, 2022.Mike Blake/Reuters Paul Constant is a writer at Civic Ventures and the cohost of the "Pitchfork Economics" podcast. He spoke with California Democratic Congressman Ro Khanna about the Big Oil Windfall Profits Tax. The proposed tax on Big Oil producers would be used for rebate checks for lower- and middle-class Americans. While you might expect the entire economy to suffer under heightened inflation, corporations reported some of the biggest profits on record in 2021, when the inflation rate reached the highest it's been in nearly 40 years. Our understanding of how economics works suggests that if corporations are paying more for materials thanks to a pandemic-ravaged global supply chain, their profits should be smaller. Instead, corporations are using inflation panic as a cover to raise prices and increase their profits even more.According to analysis from the Economic Policy Institute, nearly 54% of the recent inflationary price hikes that Americans are paying have gone toward corporate profits. And people have started to notice: In February, a poll from Data for Progress showed that 63% of respondents have come to the conclusion that "large corporations are taking advantage of the pandemic to raise prices unfairly on consumers and increase profits." Leaders like Senator Elizabeth Warren and California Democratic Congressman Ro Khanna have zeroed in particularly on the oil and gas industry as an especially egregious example of corporate price-gouging. Congressman Khanna recently joined the "Pitchfork Economics" podcast to discuss the Big Oil Windfall Profits Tax, a piece of legislation he helped introduce in March, which would address that disparity between gas prices and gas company profits.Around the country, Americans are paying record-high prices at the gas pump, and Big Oil is raking in the profits. And even though ExxonMobil lost $3.4 billion in the first quarter of the year after ceasing operations in Russia in response to Russia's invasion of Ukraine, the corporation still doubled its first-quarter profits from last year, to $5.5 billion. Chevron, which in its recent quarterly report claimed to suffer less of an economic impact from the Russian invasion than its peers, is making its highest profits in at least a decade. Under the Big Oil Windfall Profits Tax, large oil companies (those that import or produce more than 300,000 barrels of oil per day) will pay a 50% per-barrel tax on the difference between the current selling price and the average pre-pandemic price of oil — so essentially, a tax on their markups. By averaging the price-per-barrel between the years of 2015 and 2019, the tax would kick in for every penny over $66 per barrel. (At the time of this writing, oil stands at $110 per barrel.) The 300,000-barrel threshold directly targets the biggest multinational oil producers — Exxon Mobil, BP, and the other handful of firms that have raked in tens of billions of dollars this year — leaving small domestic oil companies, which produce about 70% of the nation's oil, exempt from the tax. Revenue collected from the Big Oil Windfall Profits Tax would then be directed back to lower- and middle-class Americans in the form of a quarterly tax rebate check. Khanna estimated that if Big Oil companies sold their product at $100 per barrel, the revenue raised would work out to a $300 quarterly check to every American household earning less than $150,000. "There are a lot of middle class and working class folks who are hurting, and for whom a couple hundred bucks a month would make a big, big difference," Khanna said. There's also a precedent for this type of tax on major oil companies. In April 1980, the Carter Administration enacted the Crude Oil Windfall Profit Tax, which created an excise tax on domestic oil production and pulled in $80 billion in gross revenue before it was repealed in 1988. The legislation cosponsored by Khanna differs from the Crude Oil Windfall Profit Tax in several important ways. While the revenue from the new proposed tax would provide for rebate checks, the 1980 legislation allocated revenue for tax reductions, low-income assistance programs, and transportation projects. Perhaps most importantly, the new legislation doesn't only apply to domestically produced oil like the 1980 tax did, which some critics say penalized domestic oil producers and enriched international oil companies. The Congressional Research Service in 2011 found that a plan (like Khanna's) that was tied directly to the profits of the largest companies in the world would create "less economic distortion" than the 1980's tax "without reducing domestic oil supplies."The new Big Oil Windfall Profits Tax legislation has been criticized by the usual antitax organizations, but could prove popular among ordinary Americans, with one poll showing that 87% of likely voters favor "a crackdown on price gouging by oil companies." That disgust at Big Oil makes sense to Khanna. "I think that what's offensive here is that Big Oil is making money while everyone else in America is willing to sacrifice to stand with the Ukrainians," he said.When everyone pays a higher price in order to support Ukrainian freedom, Americans are willing to carry that burden. But when Big Oil overcompensates for their losses by raking in hefty profits at the expense of the rest of the country paying more at the gas pump, populist solutions, like the Big Oil Windfall Profits Tax, gain support.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderMay 21st, 2022Related News

Time for Currency-Hedged International ETFs?

As the greenback has been rising due to the super-hawkish monetary policies in the United States, many foreign currencies are slumping. But international stocks are cheaper than the U.S. ones. Hence, currency-hedged ETFs appear good bets. The policy differential across the globe led investors in the ETF world to see the impact of currencies on their foreign holdings. This is truer in the light of heightened rising rates fears in the United States and rock-bottom rates in the Euro zone as well as in Japan. Some emerging economies too continue easy-money policies.The Fed has enacted a 25-bp rate hike in March and a 50-bp rate hike in May. Markets are pricing in another 190-basis-point rate hike in 2022. Hence, the greenback has been gaining strength.Many currencies are slumping against the U.S. dollar, which is having an adverse impact on stock prices when U.S. investors repatriate returns earned from foreign shores. Invesco DB US Dollar Index Bullish ETF UUP is up 8.3% this year.YenYen has been trading at a two-decade low against the greenback. Devaluation in currency is always boon to the export-oriented nation like Japan. A weaker yen makes Japanese products more competitive on the global market, boosting the profit margins for their key businesses.In recent months, Japan has been receiving what it wanted for long, though fast-rising food and energy costs have been bothering the economy amid a scenario of moderate inflation. Invesco CurrencyShares Japanese Yen Trust FXY is off 10% in the past six months.Euro Invesco CurrencyShares Euro Currency Trust FXE is down 7.3% this year.Though the euro is close to the parity with the greenback, FXE is still off 2% past month. If the Fed maintains its aggressive rate hike momentum in the near term, the greenback may gain further.Emerging MarketsWisdomTree Emerging Currency Strategy Fund CEW is off 3% past month. Most emerging market currencies will likely fall over the medium term. Notably, emerging markets are commodity-rich and hence benefited to a large extent due to the latest commodity rally.But a Reuters article published in early April revealed that even currencies that have gained from the ongoing commodity rally and their respective central banks' policy tightening, like the Brazilian real and the South African rand are forecast (by economists) to lose about half of those gains in a year. That article indicated that the Mexican peso - a classic emerging market foreign exchange hedge — is expected to give up more than three times its gains for this year in 12 months.International Stocks Cheaper Than U.S. OnesPer an article published on Wall Street Journal, U.S. stocks appear pricey relative to their international counterparts. Even though it has declined 16% to start 2022, the S&P 500 trades at 16.8 times its projected earnings over the next 12 months, which is still above the average multiple of 15.7 over the past 20 years, according to FactSet, as quoted on Wall Street Journal.By comparison, Hong Kong’s Hang Seng trades at 9.5 times its projected earnings, Japan’s Nikkei 225 trades at 14.3 times earnings and Germany’s DAX trades at 11.4 times, per the WSJ article. Only the benchmarks in Belgium, Portugal and Saudi Arabia, as well as the tech-heavy Nasdaq Composite, have higher valuations based on future earnings than the S&P 500, according to data available on FactSet (read: Are International ETFs Cheaper Than U.S. ETFs?).Morgan Stanley strategists are also overweight on the FTSE 100, as quoted on a Bloomberg article. Notably, the FTSE 100 represents more than 80% of the London Stock Exchange's market capitalization.Currency Hedged ETFs to RuleThanks to this currency issue, investors need to be vigilant while picking up foreign assets and consider the dollar’s possibility of gaining more strength following further hikes in interest rates. There isn’t anything more unfortunate than seeing one’s substantial portfolio additions fail because of soft foreign currency.The above discussion has made the importance of hedging clear to many investors who may not have realized that a bet on a foreign market is not only to do with purchasing stocks or bonds in the country but a lot to do with currency translation.This is because the ongoing and potential dollar strength may eat up the returns earned from the countries marked with immense bourse potential but weak currencies.  Hence, to ride out this currency concerns, it is better to opt for currency hedged ETFs in the near term.For investors intrigued by this strategy, there are a few options currently on the market. Below, we briefly highlight some of the currency-hedged ETFs that have beaten down the S&P 500 (down 0.8%) past week.Winning ETFs of Past WeekWisdomTree Germany Hedged Equity Fund DXGE – Up 3.73%WisdomTree Europe Hedged SmallCap Equity Fund EUSC – Up 2.9%WisdomTree Europe Hedged Equity Fund HEDJ – Up 2.6%Xtrackers MSCI Eurozone Hedged Equity ETF DBEZ – Up 2.5%Franklin FTSE Europe Hedged ETF FLEH – Up 2.5%iShares Currency Hedged MSCI Eurozone ETF HEZU – Up 2.5% Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco CurrencyShares Japanese Yen Trust (FXY): ETF Research Reports Invesco DB US Dollar Index Bullish ETF (UUP): ETF Research Reports Invesco CurrencyShares Euro Trust (FXE): ETF Research Reports WisdomTree Europe Hedged Equity ETF (HEDJ): ETF Research Reports WisdomTree Europe Hedged SmallCap Equity ETF (EUSC): ETF Research Reports iShares Currency Hedged MSCI Eurozone ETF (HEZU): ETF Research Reports Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ): ETF Research Reports WisdomTree Emerging Currency Strategy ETF (CEW): ETF Research Reports WisdomTree Germany Hedged Equity ETF (DXGE): ETF Research Reports Franklin FTSE Europe Hedged ETF (FLEH): ETF Research Reports To read this article on Zacks.com click here......»»

Category: topSource: zacksMay 21st, 2022Related News

Will ETFs Gain From Improving US Industrial Output in April?

The latest update on the U.S. industrial output is encouraging amid the current market turbulence. April’s encouraging U.S. industrial output data has brought some hope despite the current turbulent market conditions. Per the Fed’s recently-released data, total industrial production rose 1.1% in the month. It stood out as the fourth straight month of gains of 0.8% or higher. Moreover, a 0.8% increase in the manufacturing output also looks positive. There was a 2.4% rise in utility production. Moreover, mining production witnessed a 1.6% uptick, mainly due to strength in the oil and gas sector.Considering the latest data release, investors can track ETFs like The Industrial Select Sector SPDR Fund (XLI), Vanguard Industrials ETF (VIS), Fidelity MSCI Industrials Index ETF (FIDU) and iShares U.S. Industrials ETF (IYJ), which might gain from an improving industrial output.Total industrial production increased 6.4% from the year-ago figure in April. According to the Fed’s report, the durable and the nondurable manufacturing indexes inched up 1.1% and 0.3%, respectively, in April. The other manufacturing (publishing and logging) index was also up 0.9% in the month.Capacity utilization for the industrial sector expanded to 79% in April. The manufacturing capacity utilization for the industry, the measure for studying how efficiently firms are utilizing their resources, increased 0.6% in April to 79.2%, up 1.1 percentage points from its long-run average, per the Fed’s report (the highest level since April 2007).Present U.S. Economic ScenarioThe world’s largest economy continues to struggle with the persistently high-inflation levels. Per the latest Labor Department report, the Consumer Price Index (CPI) jumped 8.3% year over year in April, surpassing the already high Dow Jones estimate of an 8.1% rise. The metric, however, compared favorably with the 8.5% rise (the maximum since December 1981) in March.The core inflation index, which excludes volatile components, such as food and energy prices, rose 6.2% year over year, beating the expectations of a 6% rise. The rising inflation levels dashed the hopes of inflation peaking in March.The continued steep inflation levels are also weighing on consumer confidence in the United States. The growing supply-chain disturbances, emanating from the ongoing Russia-Ukraine war crisis and the resurging COVID-19 cases in China, might trigger concerns over a further rising inflation level.The Conference Board's measure of consumer confidence index stands at 107.3 in April 2022 compared with 107.6 in March. Moreover, April’s reading missed the consensus estimate of 108, per a Reuters survey of economists. Also, the metric continues to be below the pre-pandemic level of 132.6 achieved in February 2020.However, certain U.S. economic data releases have been encouraging so far. The Department of Commerce reported that retail sales in April were up 0.9% month over month, marginally below the consensus estimate of 1%. Year over year, retail sales grew 8.2% in April.Industrial ETFs in FocusIn the current scenario, we believe, it is prudent to discuss ETFs with relatively high exposure to the industrial companies:The Industrial Select Sector SPDR Fund XLI           The Industrial Select Sector SPDR Fund seeks to provide investment results that before expenses, match the performance of the Industrial Select Sector Index. The Industrial Select Sector SPDR Fund has an AUM of $13.67 billion and an expense ratio of 0.10% (read: Can Industrial ETFs Gain on Mixed Q1 Earnings?).Vanguard Industrials ETF VIS                   Vanguard Industrials ETF offers exposure to the industrial sector and follows the MSCI US Investable Market Industrials 25/50 Index. Vanguard Industrials ETF manages an AUM of $3.44 billion and an expense ratio of 0.10%.Fidelity MSCI Industrials Index ETF FIDUThe Fidelity MSCI Industrials Index ETF seeks to provide investment returns that match, before fees and expenses, the performance of the MSCI USA IMI Industrials Index. Fidelity MSCI Industrials Index ETF has an AUM of $708.5 million and an expense ratio of 0.08%.iShares U.S. Industrials ETF IYJThe iShares U.S. Industrials ETF seeks to track the investment results of the Russell 1000 Industrials 40 Act 15/22.5 Daily Capped Index. iShares U.S. Industrials ETF has an AUM of $1.29 billion and an expense ratio of 0.41%, as stated in the prospectus. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vanguard Industrials ETF (VIS): ETF Research Reports Industrial Select Sector SPDR ETF (XLI): ETF Research Reports iShares U.S. Industrials ETF (IYJ): ETF Research Reports Fidelity MSCI Industrials Index ETF (FIDU): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 21st, 2022Related News

Consider Low-Volatility ETFs to Combat Current Market Turmoil

Low-volatility products can be fascinating picks for those seeking steady investment in equities amid the current market volatility. Wall Street is continuously struggling with various external challenges. Investors stay cautious as they are worried about the Federal Reserve’s aggressive stance on interest rate hikes amid persistently high inflation levels.Looking at the volatile market conditions, Greg Bassuk, CEO at AXS Investments, asked investors to expect more turmoil in the markets. He said that “the main takeaway for investors is to brace for extended volatility. We believe that volatility is going to be the investor narrative for the balance of Q2, and frankly, you know, for the balance of 2022,” per a CNBC article.Investors willing to sail through the current market turbulences, stemming from the ongoing Russia-Ukraine conflict can consider iShares MSCI USA Min Vol Factor ETF (USMV), Invesco S&P 500 Low Volatility ETF (SPLV), iShares MSCI Global Min Vol Factor ETF (ACWV) and Invesco S&P 500 High Dividend Low Volatility ETF (SPHD).The American retailers are also feeling the heat of macroeconomic headwinds like persistently high inflation levels, aggressive stance of the Federal Reserve on interest rate hikes, resurging COVID-19 cases in China causing full/partial regional lockdowns and uncertainty surrounding the Russia-Ukraine war crisis, which are hurting market sentiments. Also, the renewed concerns that the COVID-19 and the ongoing war woes might cause further disturbances to the supply-chain distribution are adding to the market rout.Two major retailers, namely Target (TGT) and Walmart (WMT), recently declined 24.9% and 6.8%, respectively, on May 18 as their financials were affected by rising labor, transportation and fuel costs. Wall Street also bled profusely as these concerns ignited sell-offs in the market.Commenting on the current market conditions, Glenview Trust CIO Bill Stone  said that “while many cross-currents are causing the current sell-off, the proximate cause of the recent acceleration in the stock declines revolves around fears about the U.S. consumer. For the first time in the post-Covid period, retailers have been stuck with some excess inventories. Costs due to inflation are also taking their toll on their earnings. Lastly, there is evidence that the lower-end consumer is feeling the pinch from the increase in prices,” according to a CNBC article.The world’s largest economy continues to struggle with the persistently high-inflation levels. Per the latest Labor Department report, the Consumer Price Index (CPI) jumped 8.3% year over year in April, surpassing the already high Dow Jones estimate of an 8.1% rise.To control hot inflation readings, the Fed hiked rates twice by 0.25% and 0.50% in 2022. The central bank plans to start reducing its balance sheet in June this year.Low-Volatility ETFs to the RescueLow-volatility products could be intriguing choices for those who want to continue investing in equities amid market mayhem. Consider the following exciting options:iShares MSCI USA Min Vol Factor ETF USMViShares MSCI USA Min Vol Factor ETF offers exposure to 173 U.S. stocks with lower volatility characteristics than the broader U.S. equity market by tracking the MSCI USA Minimum Volatility (USD) Index. With an AUM of $27.15 billion, iShares MSCI USA Min Vol Factor ETF charges 0.15% as its expense ratio (read: 5 Safe Investing Zones &Their ETFs to Escape Market Rout).Invesco S&P 500 Low Volatility ETF SPLVInvesco S&P 500 Low Volatility ETF provides exposure to stocks with the lowest realized volatility over the past 12 months. The fund is based on the S&P 500 Low Volatility Index and holds 103 securities in its basket. Invesco S&P 500 Low Volatility ETF has an AUM of $10.43 billion and charges an expense ratio of 25 basis points (bps), as stated in the prospectus (read: These Q1 ETF Winners Have More Upside Left).iShares MSCI Global Min Vol Factor ETF ACWViShares MSCI Global Min Vol Factor ETF provides exposure to global stocks with potentially fewer risks. ACWV tracks the MSCI All Country World Minimum Volatility Index and holds 401 securities. iShares MSCI Global Min Vol Factor ETF has an AUM of $4.59 billion and charges 20 bps of annual fees.Invesco S&P 500 High Dividend Low Volatility ETF SPHDInvesco S&P 500 High Dividend Low Volatility ETF seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility High Dividend Index. It holds 51 securities. Invesco S&P 500 High Dividend Low Volatility ETF has an AUM of $4 billion and charges 30 bps as annual fees (read: 5 Dividend ETFs Crushing the Market This Year). Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares MSCI USA Min Vol Factor ETF (USMV): ETF Research Reports Invesco S&P 500 High Dividend Low Volatility ETF (SPHD): ETF Research Reports Invesco S&P 500 Low Volatility ETF (SPLV): ETF Research Reports iShares MSCI Global Min Vol Factor ETF (ACWV): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 21st, 2022Related News

How an American tobacco giant is quietly investing big money in hundreds of political races across the nation

A document obtained by Insider shows that Reynolds American donated nearly $6 million to state candidates and political committees during 2021. A businessman smoking a cigarette.Toni Rantala/Getty Images Insider obtained an internal listing of all of a tobacco giant's recent political contributions. The company donated to roughly 800 candidates for state legislature, political action committees, and ballot initiatives. Reynolds American brands include Camel and Newport cigarettes. Menthol in cigarettes and flavored cigars could soon be outlawed, as the US Food and Drug Administration and state legislatures carefully prepare to regulate or legislate them into history.But one tobacco giant — Reynolds American — is actively spreading millions of dollars to hundreds of state-level political candidates and political action committees, according to an internal corporate governance document reviewed by Insider. Reynolds American, best known for brands such as Newport and Camel cigarettes, spread nearly $6 million among more than 800 state-level political candidates, political action committees, and ballot initiative committees during 2021, an analysis of the document indicates.In all, Reynolds American directly donated to candidates and committees in 31 states plus the District of Columbia, according to its document. Florida, California, Georgia, and New Jersey were among Reynolds American's top targets.!function(){"use strict";window.addEventListener("message",(function(e){if(void 0!==e.data["datawrapper-height"]){var t=document.querySelectorAll("iframe");for(var a in e.data["datawrapper-height"])for(var r=0;r.....»»

Category: topSource: businessinsiderMay 21st, 2022Related News

"Anything We Touch Is A Weapon": New US PsyOps Recruitment Video Casts Spotlight On China Threat

"Anything We Touch Is A Weapon": New US PsyOps Recruitment Video Casts Spotlight On China Threat Authored by Andrew Thornebrooke via The Epoch Times, The phrase “A threat rises in the east” is superimposed over rolling footage of Chinese and Russian military parades. Ethereal, eerie music plays as cinematic impressions of the Eurasian alliance between China and Russia are interspersed with images of the last century’s most emblematic struggles for democratic values. The video "Ghosts in the Machine" by the U.S. Army's 4th Psyop Group displays an ominous warning about the threat from China and Russia. (Screenshot) There is footage of the fall of the Berlin Wall, a free speech protest in Hong Kong, the toppling of a Saddam Hussein statue in Baghdad, and the resolute stand of Tiananmen Square’s “Tank Man.” This is not some documentary about the myriad threats democracy has faced time and time again, but a new video created by the Army’s 4th Psychological Operations Group and shared on social media by U.S. Special Forces Command. Equal parts recruiting video and actual psychological warfare, the project might best be described as a proof-of-concept for the military’s capability to build confidence at home and to instill fear abroad. The video, aptly titled “Ghosts in the Machine,” opens with a quote from “The Art of War,” written by Chinese military philosopher Sun Tzu some 2,500 years ago: “If your opponent is of a choleric temper, seek to irritate him. Pretend to be weak, that he may grow arrogant.” At first glance, one might think that the quote suggests that the Chinese Communist Party has been pretending to be weak for years in order to lull the United States into a false sense of superiority. By the end of the three and a half minutes of growing unease, however, one wonders whether it has not been the other way around all along. Indeed, that may be just the purpose of Ghost in the Machine. After all, the video itself is psychological warfare. The Sugar-Coated Pill To realize the importance of psychological operations such as Ghosts in the Machine, one needs to look beyond its visage of cinematic splendor and intentional creepiness, and penetrate to the threat that the video is working against. According to innumerable reports from the nation’s think tanks and institutions of higher learning, the United States is in a war, though its leadership seems largely unaware of it. It is a war without conventional weapons, but that is nevertheless being fought in hearts and minds everywhere. Indeed, it is a war on the minds of Americans everywhere. It is the psychological campaign of unrestricted hybrid warfare perpetrated by the Chinese Communist Party (CCP) with the purpose of eradicating the United States’ will to defend itself and preserve democratic values. According to one report (pdf) published by the Washington-based think tank Hudson Institute earlier this month, this psychological warfare is one part of a suite of so-called cognitive operations used by China’s communist regime to undermine U.S. security. “Cognitive operations involve using psychological warfare to shape or even control the enemy’s cognitive thinking and decision-making,” the report stated. Indeed, the report quotes directly from the primary propaganda organ of the Chinese military, the PLA Daily, that the ultimate aim of cognitive operations is to “manipulate a country’s values, national spirit/ethos, ideologies, cultural traditions, historical beliefs, etc., to prompt them to abandon their theoretical understanding, social system and development path, and achieve strategic goals without victory.” In not so many words, it is a military campaign against the United States to convince Americans to give up their society without fighting. It is, according to a report by the Johns Hopkins School of Advanced International Studies (pdf), a “long-standing Chinese government strategy to exploit foreign media to deliver Chinese propaganda.” The goal of which is to destabilize and otherwise interfere in the political processes of the United States by offering a “sugar-coated pill,” something easy to swallow but lethal to consume, often in the form of anti-American propaganda disguised as domestic information and reproduced online. “According to the PLA, China is already in constant battle over the narrative of China’s rise and the PLA’s intentions with other nations, both inside and outside of China, and, most prominently, against the United States,” the report said, referring to the acronym for the People’s Liberation Army, the official name of the regime’s military. The roots of the CCP’s psychological warfare go deep, and their tendrils can be seen crawling rampant across Western media in the form of Twitter bots, sponsored newspaper articles, and state-sponsored misinformation. And the onslaught has been going on for decades. Unrestricted Warfare The CCP’s current efforts can be traced back to the 1999 book “Unrestricted Warfare.” Written by two retired PLA colonels, the book described the strategy and operations through which China could overcome the United States—without being embroiled in kinetic warfare. Unrestricted Warfare argued that the United States’ weakness was the widespread belief among American military and political leadership that military dominance was solely dependent on technological means, rather than legal, economic, or social factors. The book, therefore, advocated the use of lawfare, economic warfare, terrorism, and data and supply chain network disruption as various means of undermining the U.S. military. Much of the book’s proposed strategy was later codified as the “Three Warfares Strategy” in a 2003 document published by the PLA and titled “Political Work Guidelines of the People’s Liberation Army.” Since then, the CCP has worked tirelessly to adapt the Three Warfares Strategy to the social media era, using social networking platforms as tools of war to combat the minds of the party’s enemies. Moreover, the introduction of Three Warfares has helped to underscore the promulgation of military-civil fusion, a CCP strategy that seeks to erode any boundary between civilian and military spheres, thus accelerating the erosion of distinctions between war and peace. To that end, it is vital to understand that the PLA is not a military of the Chinese state, but a wing of the Chinese Communist Party. Thus, the entire military apparatus of China is designed to defend and promote communism first and foremost. Party Above All How the Chinese military serves the whims of the CCP rather than the interests of the Chinese people was elucidated by retired Air Force Brig. Gen. Robert Spalding during an interview with EpochTV’s “China Insider” on May 12. “The People’s Liberation Army is the armed wing of the Chinese Communist Party,” Spalding said. “In the West, we consider the military to be a protector of the state, which in a democracy includes the people. In China’s case, the People’s Liberation Army is actually a party army, so it protects the party’s prerogatives.” “Unlike a national army dedicated to the defense of a state and its people, the Chinese military’s purpose is to create political power for the party.” According to a report (pdf) by the U.S.-China Economic and Security Review Commission, U.S. leadership believed for years that the CCP’s psychological warfare efforts were a thing of the past. Such beliefs were proven wrong, however, with the rise of CCP General Secretary Xi Jinping in 2012, whose rule has overseen a resurgence of party initiatives pushing psychological operations as a core part of Chinese national strategy. Xi has referred to the work of organizations that engage in psychological operations for the CCP as China’s “magic weapons.” Those organizations include, most predominantly, the General Political Department within the PLA and the United Front Work Department, the latter of which is charged with overseeing the regime’s overseas influence operations and answers directly to the CCP’s Central Committee. Indeed, since the ascension of Xi, Chinese state-run news agency Xinhua has gone so far as to explicitly characterize the PLA’s psychological warfare and political work as “thoroughly implement[ing] Xi Jinping’s thoughts on socialism with Chinese characteristics in the new era.” Importantly, according to the Johns Hopkins report, the CCP’s psychological warfare units under Xi have sought to leverage social media as a key component of “cognitive domain operations” in order to scale Chinese propaganda to a global audience, and to sway, anger, and misinform the citizens of foreign nations to the benefit of the party. “China uses the tools of information and finance to advance political warfare on a global scale,” Spalding said. “It’s a type of warfare that is completely alien to the way that we think of warfare.” Thus, while U.S. military leaders and members of Congress have harped on budget proposals and the number of ships being built for the Navy, the CCP has already committed itself to winning a war without firing a shot. Brave New World At the heart of the CCP’s efforts to assault the minds of the American public, then, is the critical ability of social media and related technologies to create content that can have a real-world effect. “[T]he PLA is developing technologies for subliminal messaging, deep fakes, overt propaganda, and public sentiment analysis on Facebook, Twitter, LINE, and other platforms,” according to a report by the RAND Corporation (pdf). “Other articles also suggest that the PLA could blackmail or tarnish the reputation of politicians as well as co-opt individual influential civilian social media users to extend the reach of Chinese propaganda while obfuscating its Party origins.” It is through this “hostile social manipulation on foreign platforms” that the CCP can essentially launder state-backed propaganda through proxy channels in the way a mobster might launder ill-gotten gains through a front organization. By obfuscating the origin of social media posts and using technologies such as deep fakes, the party can more effectively diminish American confidence in the United States’ ability and worthiness. “What they’ve been able to do is use proxies in the West to have the same control over the narrative in the West that they have within China,” Spalding said. “We have no institution in the West that is tasked with understanding this form of warfare.” Spalding’s comments were in line with recent remarks made by U.S. Secretary of State Antony Blinken, who said that the CCP was exploiting the United States’ free and open information channels and social media networks to promote authoritarianism abroad and strike at the heart of American democracy. Ghosts in the Machine The sudden appearance of a recruitment video for psychological warfare units in the U.S. military is perhaps not such a mystery, given the battles being waged against the American mind. The primary objective of the CCP’s efforts is to create doubt, fear, and exhaustion to such an extent that American leadership will make mistakes in planning and executing strategy. Likewise, the U.S. Army’s “Ghosts in the Machine” video lifts the mirror at the effort. “Anything we touch is a weapon,” the video says, before flashing the motto of the 4th Psychological Operations Group, “Verbum Vincet”—”the word will conquer.” The message is clear enough, China’s transnational campaign of repression and psychological terror is not without recourse. The psychological warfare apparatus of the American military and intelligence communities have changed history before and can do it again. It is surely not by accident that images of the famous Tiananmen Square protests were interlaced with videos of pro-democracy revolutions, or that footage of the PLA marching was juxtaposed with the fall of the Soviet Union. The United States has toppled great powers from within and from without, the video implies, and can do so again. As the video so abruptly states, “We are everywhere.” Tyler Durden Fri, 05/20/2022 - 18:20.....»»

Category: personnelSource: nytMay 20th, 2022Related News

How One Man Made $700 Million Driving For Uber – The Story Of Ryan Graves

Don’t let the title deceive you. Ryan Graves didn’t build his wealth through a ride-sharing side hustle. Rather, it was a tweet. Let’s go all the back to January 5, 2010. At the time Uber was less than a year old. And, then CEO Travis Kalanick tweeted: “Looking 4 entrepreneurial product mgr/biz-dev killer 4 a […] Don’t let the title deceive you. Ryan Graves didn’t build his wealth through a ride-sharing side hustle. Rather, it was a tweet. Let’s go all the back to January 5, 2010. At the time Uber was less than a year old. And, then CEO Travis Kalanick tweeted: “Looking 4 entrepreneurial product mgr/biz-dev killer 4 a location based service.. pre-launch, BIG equity, big peeps involved—ANY TIPS??” .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more In response to Kalanick’s tweet, Graves replied: “Here’s a tip. email me :)”. Graves, wisely, also included his email address. When he got the job, Graves was a manager in a management training program in information technology at General Electric. But, that was all about to quickly change. Thanks to that tweet, Ryan Graves became the first Uber employee on March 1, 2010. “I was hitting Craigslist, Twitter, and other channels looking for the right candidate,” Kalanick documented in a blog post from 2010 about Uber’s founding. “What resulted was the Awesomest job post and response I’ve ever seen.” Obviously, Uber went on to become, well, an ubersuccessful company. Sure, there have been ebbs and flows. As of April 2022, Uber’s market cap is $63.41 billion. As a result, Uber is the 242nd most valuable company in the world based on market cap. Because of his equity in the company, within five years of joing the company, Graves became a billionaire. In 2016, Graves was listed as the 12th richest entrepreneur under 40. In 2021, his wealth was estimated at $2.1 billion, according to Forbes. While he may no longer be a billionaire. Ryan Graves is still a multimillionarie because he went out on a limb and sent a tweet. From Working for Free to $1.58 Billion Graves’ work history prior to Uber including a position as a database administrator at General Electric and a brief stint at Foursquare in business development. Foursquare initially refused to hire him, but he got the gig through free work. Graves, who was contacted by Kalanick after that iconic initial tweet, is considered Uber’s first employee. In contrast to Kalanick’s aggressive personality, Graves was known as the “Mr. Nice Guy” while at Uber. His colleagues, both inside the company and in broader tech communities, thought highly of him. Early investor in Uber, Chris Sacca and longtime friend praised Graves in several tweets following the news of his resignation in 2017. Graves, wrote Sacca, is “the director most consistently respected by the others and is great at building consensus.” Graves, according to Kalanick, “hit the ground running,” as soon as he joined Uber. “From the day he got going, we spent about 15-20 hours a week working together going over product, driver on-boarding, pricing model, the whole nine. He learned the startup game fast and worked his a– off to build the Uber team and make the San Francisco launch and subsequent growth a huge success,” Kalanick wrote in the aforementioned 2010 blog post. At Uber, Graves was the CEO for almost a year and the senior vice president of global operations for almost seven years. It’s been said that Graves was essential to defining Uber’s core values, like its “super pumpedness,” and its entry into international markets. However, it wasn’t always smooth sailing. Graves resigned from Uber in August 2017 – two months after Kalanick was forced to resign when an investigation into Uber’s culture turned up evidence of sexual harassment and mistreatment. Further, Graves knew about “greyballing,” a method Uber employed to evade regulators worldwide, according to The New York Times. Post Uber Career Even though Graves resigned from Uber in 2017, he remained on the board of directors. Moreover, he was one of the executives who was said to have lead the company while there wasn’t a CEO. And, he also oversaw UberEverything — this includes UberEats and UberRUSH). In 2019, Graves left Uber after Uber named Dara Khosrowshahi as its new CEO. But, he’s still been grinding. In 2017, he founded Saltwater Captial. He still serves as the CEO and the private investment company has invested in companies like Calm and Equator Coffees & Teas. In February 2021, it was announced that Graves would invest $50 million in car insurance start-up Metromile both personally and through Saltwater. Graves will also sit on the board of directors along with Mark Cuban and other institutional investors. In October 2021, Variety reported that actor Kelley Dauten would be portraying Graves in the Showtime anthology series “Super Pumped.” Frequently Asked Questions About Becoming a Millionaire Is there an easy way to become a millionaire? By saving your money as soon as possible, you can take advantage of compounding and become a millionaire. You will earn more interest if you begin saving at an early age. This will also give you the opportunity to earn more money from your interest earning. Your goal should be to save at least 15% of your income. Getting financial advice from a professional and cutting down on unnecessary spending will also help you reach your million-dollar goal. Getting a second job or upgrading your skills are two options you should consider if you are able to do so. Do I need a high-powered graduate degree to become a millionaire? “With condolences to those with grad school debt, an advanced degree does improve your chances of higher lifetime income, but it doesn’t necessarily improve your chances of joining the millionaires’ club,” writes the editors of Kiplinger’s Personal Finance. According to “The Millionaire Next Door,” only 18% of those with a net worth of $1 million or more hold a master’s degree, while 8% have law degrees and 6% went to medical school. According to an analysis by Spectrem Group, a consulting firm specializing in wealth research and management, 74% of millionaires hold an undergraduate degree. For billionaires, that number is 70.1%, based on the 2015 Wealth-X census. “Don’t get us wrong: Many graduate degrees are worth the effort,” they adds. “The median annual salary of someone with a professional degree is $98,436 a year, according to the U.S. Bureau of Labor Statistics, versus $67,860 for the typical four-year college graduate. A high school grad earns just $40,612 annually.” How much do I need to invest to become a millionaire? To become a millionaire, you will need to invest different amounts depending on your life stage. Because you have more time to accumulate wealth and can tolerate more risk when you’re younger, you can afford to sock away less money or make riskier investments. On the flip side, as you get older, you will need to put away more money each month if you delay saving. Can I get rich with zero dollars? The chances of you becoming rich by doing nothing are slim. There are exceptions, though. These include you coming from a wealth family, wining the lottery, or are about to patent the next great invention. Or, you could leap on an opportunity like Graves. Though Graves’ story may seem like a Silicon Valley fairy tale, it is not entirely unique. Adam Lyons, 25, the founder of The Zebra car insurance company, guessed Mark Cuban’s email address, shot him an email and got a deal from the billionaire star of ABC’s “Shark Tank.” Similarly, Elon Musk suggested that a Reddit user “should interview at Tesla” for an analysis he posted on his self-driving vehicle technology. Generally, in order to reach your goal of becoming a millionaire, discipline, a plan, and good advice from a professional is necessary. Article by John Rampton, Due About the Author John Rampton is an entrepreneur and connector. When he was 23 years old while attending the University of Utah he was hurt in a construction accident. His leg was snapped in half. He was told by 13 doctors he would never walk again. Over the next 12 months he had several surgeries, stem cell injections and learned how to walk again. During this time he studied and mastered how to make money work for you, not against you. He has since taught thousands through books, courses and written over 5000 articles online about finance, entrepreneurship and productivity. He has been recognized as the Top Online Influencers in the World by Entrepreneur Magazine, Finance Expert by Time and Annuity Expert by Nasdaq. He is the Founder and CEO of Due. Updated on May 20, 2022, 4:23 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkMay 20th, 2022Related News

4 Tips And Practices To Achieve An Excellent Annotated CRF SDTM

Creating an SDTM is to provide a comprehensive view of your project from start to finish. It includes identifying all the steps involved in running a clinical trial and documenting your work. But, what exactly is a CRF SDTM?  Case Report Forms – Study Data Tabulation Model (CRF SDTM) is a standardized data collection instrument […] Creating an SDTM is to provide a comprehensive view of your project from start to finish. It includes identifying all the steps involved in running a clinical trial and documenting your work. But, what exactly is a CRF SDTM?  Case Report Forms – Study Data Tabulation Model (CRF SDTM) is a standardized data collection instrument for conducting clinical research studies. It consists of a series of standardized cases that are used to collect information related to specific diseases, drugs, or conditions. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more CRFs are valuable tools that allow researchers to gather large amounts of data quickly and efficiently. They can also help researchers determine if certain therapies work better than others, which may lead to more effective treatments being developed for people with specific conditions. A good annotated CRF SDTM is essential in various research domains, especially when it comes to clinical trials. Tips To Achieve An Excellent Annotated CRF SDTM Here are four tips and practices to help you achieve an excellent annotated CRF SDTM: Organize Your Annotations The first step to creating an annotated CRF SDTM is to organize your annotations. You can use a spreadsheet, a word processing program, or a dedicated automation tool. If you want to use a spreadsheet, start by creating a new document and entering all of your annotations in the spreadsheet's cells. This way, all of your data will be organized in one place and easy to access. You can also use the spreadsheet to keep track of any missing information or other issues that need to be resolved before submitting your CRF SDTM for review. If you prefer using a word processing program, you can also create an annotated CRF SDTM in this format. The main difference between annotating using a word processing program and using a spreadsheet is that you can’t see all of your annotations at once when working with text-based documents. You can also use multiple annotations for each CRF entry where appropriate. You can add multiple annotations to a single item to create a more detailed description of the item than what might fit into a single annotation box or even two. If needed, you can automate your annotations using tools like ryze automation and other similar instruments to reduce manual efforts. Practice Data Validation Data validation is the process of checking data for accuracy and completeness. It's essential to ensure that the information you enter into your system matches what the study participant provided on the consent form. It ensures that you have all of the information required to conduct your research. You also want to ensure that there’ll be no inconsistencies between what's in your database and what's on consent forms, which could cause errors in your analysis or reporting of results. In addition, you can use data validation tools to check for missing or invalid responses. For example, if you're asking a question about age, everyone who completes the survey must provide an answer to this question. If not, then there could be missing data points in your analysis or reporting of results at a later date when someone uses their age as part of their analysis. Integrate Data Data integration is essential because it helps achieve the best results from your research. It’s also critical to ensure that your research is credible and trustworthy. The ability to access all relevant information from different sources through one platform makes it possible for researchers to carry out their work more efficiently and accurately. This saves time and money that would’ve been otherwise spent collecting information from multiple sources separately. It also ensures consistency in reporting and analysis across different studies in a project or program since they’re based on the same set of data points. Integrate data from as many sources as possible. You can do this in various ways, such as using data from both client and provider databases or by creating a single database that contains all the relevant information needed for your study. Use de-identified data whenever possible to ensure you’re not breaking HIPAA or privacy regulations. Establish Recruitment Timelines Recruitment timelines are a vital element in developing an annotated CRF SDTM. The recruitment timeline outlines the period for each recruitment stage. You can do the following when establishing timelines: Schedule your recruitment timeline in advance. Based on your research question and eligibility criteria, define what constitutes a ‘good’ participant. Ensure that recruitment materials are easily accessible and easy to understand by potential participants. Create a recruiting plan that details how many people will be recruited, how long it’ll take, and what steps need to be taken next. It’s essential to begin on time and finish on schedule. You should establish recruitment timelines before starting the process and should be flexible enough that they can be adjusted to accommodate unexpected delays. Takeaway There’s no doubt that the annotated CRF SDTM is a crucial document. It's so vital that you need to get it right. It’s not easy to write a good CRF SDTM. It requires time, effort, and commitment. But, if you follow the tips listed above, it’ll be easier for you to achieve an excellent annotated CRF SDTM. Updated on May 20, 2022, 4:37 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkMay 20th, 2022Related News

Market Extra: ‘Robinhood’ investors are ‘going to get their heads handed to them,’ as stocks on verge of bear market, says ‘Godfather’ of chart analysis

A bear market for the S&P 500? The stage certainly appears to be set for one, as equity benchmarks added to ugly weekly declines on Friday......»»

Category: topSource: marketwatchMay 20th, 2022Related News

Court Calls for NAR to Provide Sitzer/Burnett Findings to Moerhl Plaintiffs

Despite the solace of its recent courtroom victory, the National Association of REALTORS® (NAR) still has one of its most significant fights ahead. The organization has been pressured to provide expert reports and documentation from one commission-related case to another. As both sides compile supporting documents and evidence in the Moehrl v. The National Association… The post Court Calls for NAR to Provide Sitzer/Burnett Findings to Moerhl Plaintiffs appeared first on RISMedia. Despite the solace of its recent courtroom victory, the National Association of REALTORS® (NAR) still has one of its most significant fights ahead. The organization has been pressured to provide expert reports and documentation from one commission-related case to another. As both sides compile supporting documents and evidence in the Moehrl v. The National Association of REALTORS® case, a U.S. District Court Judge for Northern Illinois has ordered NAR and company to release opposition expert reports and deposition transcripts from the Burnett v. NAR lawsuit to the plaintiffs in Moehrl. “Burnett, previously known as Sitzer v. National Association of REALTORS®, involves the same Defendants as here and challenges the same alleged anticompetitive restraints,” wrote Judge Andrea R. Wood in the order filed on May 11th. In addition to NAR, Realogy, HomeServices of America, RE/MAX and Keller Williams are among the Defendants named. The lawsuit also names 25 different MLSs across the nation. Like the Burnett case, the Plaintiffs in Moerhl are home sellers suing NAR and large real estate franchisors for allegedly conspiring to inflate commissions through NAR’s Buyer Broker Commission Rule—also known as the Participation Rule. The MLS policy, which has been around since the mid-1990s, requires all brokers to “make a blanket, non-negotiable offer of buyer broker compensation when listing a property on a Multiple Listing Service (MLS).” Plaintiffs in the Moerhl case alleged that the rule violated federal antitrust laws. Aside from damages, they also want “a permanent injunction” to stop NAR from requiring “sellers to pay the buyer broker.” The lawsuit is similar to the Burnett case, filed in a U.S. District Court in the Western District of Missouri a month after Moerhl in April 2019. The former was recently granted class certification status days after oral arguments last month. Plaintiffs in the Moerhl case are vying for their own class-action certification that could open the door to a potential detrimental blow to the real estate industry. While the Burnett case features a “confidentiality order,” the court document indicates that that order “expressly includes outside counsel in Moehrl among the third parties to whom both confidential and highly confidential information may be disclosed.” “Because the confidentiality order in Burnett appears to allow the disclosure of confidential information to Plaintiffs’ counsel, the Court sees no reason why Defendants should not be required to disclose the requested briefs and exhibits,” Woods wrote. According to the document, the Defendants initially asserted that the documents, claiming the briefs and exhibits from the Burnett case lacked relevancy “because they reflect Defendants’ legal arguments related to different experts and named Plaintiffs than the ones here, and involve a different damages analysis.” The court provided the defendants an opportunity to raise arguments supporting their points. However, NAR wrote in an email to RISMedia that it would “provide the requested material from the Burnett/Sitzer case to the Moehrl.” “We remain confident we will ultimately prevail in each case because at the core, the claims against us are without merit, and we always act in the best interests of consumers and to advance competition,” said a NAR spokesperson. NAR has maintained that it promotes and stands behind “pro-competitive, pro-consumer local MLS broker marketplaces” that are in consumers’ best interests. “Listing agents making offers of compensation to buyer brokers gives first-time, low/middle-income and all homebuyers a better shot at affording a home and professional representation,” NAR said. “It’s the free market that organically establishes commission costs within local real estate markets based on service, consumer preference and what the market can bear.” The post Court Calls for NAR to Provide Sitzer/Burnett Findings to Moerhl Plaintiffs appeared first on RISMedia......»»

Category: realestateSource: rismediaMay 20th, 2022Related News

Trump may stop endorsing candidates for competitive GOP primaries, report says: "This is not how he expected this to go"

A string of high-profile underperformances is holding Trump back from endorsing in key contests ahead in Arizona and Missouri, CNN report. US President Donald Trump pats his bicep and pumps his fist at the end of his rally with supporters in Manchester, New Hampshire, U.S. August 15, 2019REUTERS/Jonathan Ernst Trump is considering putting a pause on endorsing GOP primary candidates, CNN reports.  Some of Trump's biggest endorsements have lost or underperformed expectations.  "This is not how he expected this to go," a Trump adviser told CNN of Dr. Oz's razor-thin race.  President Donald Trump is considering taking a hiatus from endorsing Republican primary candidates following some high-profile stumbles for his picks, CNN reports. Trump bet big on several candidates in competitive races in the 2022 midterms, hoping to wield considerable influence in Republican primaries. And Trump's endorsed candidates for federal and state offices have won 63.5% of the vote, on average, so far in 2022, an Insider analysis found.But Trump, who touted his endorsement record as a badge of honor, has seen some setbacks.The former president's pick for Senate in Pennsylvania, celebrity doctor Mehmet Oz, is locked in a still-t00-close-to-call primary after Trump's first pick, Sean Parnell, dropped out after losing custody of his children. Trump's rubber stamp also failed to save embattled Rep. Madison Cawthorn, the first of his endorsed House candidates to lose in 2022, according to Insider.Just 0.09 percentage points separate Oz from David McCormick as of Friday, meaning the race is almost certainly headed to a recount as Oz has resisted Trump's calls to declare victory.One source close to Trump told CNN he has "burned a lot of bridges" by backing Oz, which went against his former close aides Stephen Miller and Hope Hicks who had supported McCormick. "This is not how he expected this to go," a Trump adviser told CNN of Oz's razor-thin race. "If Oz loses, it puts him in an awkward spot because he absolutely trashed David McCormick at his rally and pissed off quite a few allies who never thought he should have endorsed Oz."Trump boasted another win with the victory of state Sen. Doug Mastriano, an additional endorsement that roiled some Pennsylvania Republicans due to the candidate's extreme views. Critics also cite Mastriano's role in trying to overturn Trump's 2020 election loss in the state, which they worry could jeopardize the party's chances of flipping the governorship. But Trimp's endorsed candidate for governor in Nebraska, Charles Herbster, lost an open primary to replace Gov. Pete Ricketts. Trump-endorsed Idaho Lt. Gov. Janice McEachin challenged the incumbent Gov. Brad Little and lost badly by 20 points.  And Trump's pick to challenge Georgia Gov. Brian Kemp, former Sen. David Perdue, appears to be on track for at least a loss and a potential clobbering.Perdue has struggled to match Kemp in campaign spending, and Trump hasn't parachuted in to help him. NBC News reported that Trump is frustrated by Perdue's performance and is pulling back support. The latest poll of the race, conducted by Fox News, showed Kemp leading Perdue by 32% among likely Republican primary voters.  Perdue acknowledged the numbers, telling NBC News on Friday: "We may not win Tuesday, but I can damn guarantee you that we are not down 30 points." "Georgia will be an absolute bloodbath. My guess is that will have the biggest effect on the endorsement process," a Trump official told CNN. Four more of Trump's endorsed candidates for state-level offices are headed to runoffs, including embattled Texas Attorney General Ken Paxton, who will face George P. Bush in a May 24 runoff election.  Oz, Perdue, or both faltering could make Trump less likely to endorse candidates in upcoming, competitive GOP Senate primaries in Arizona and Missouri set for August, sources told CNN. Trump's pick for Senate in Ohio, JD Vance, won out in a crowded GOP primary thanks in part to lots of financial backing from billionaire Peter Thiel. But in Arizona, Trump has not yet endorsed another Thiel-backed candidate, Blake Masters, in the GOP primary to take on Democratic Sen. Mark Kelly.And in Missouri, Trump has leaned toward endorsing but has not backed former Gov. Eric Greitens, who resigned from office amid multiple scandals in 2018, in a crowded primary to replace retiring Sen. Roy Blunt that also includes Attorney General Eric Schmidtt, Rep. Vicky Hartzler, and Rep. Billy Long. "He does not want August to be a repeat of May," a Trump adviser told CNN. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderMay 20th, 2022Related News

Pennsylvania Biotech Center"s economic impact grows to $7B as it expands in Bucks County, report finds

The analysis also found the biotech center is responsible for more than 1,100 jobs......»»

Category: topSource: bizjournalsMay 20th, 2022Related News

Registration Open for ‘NAR NXT, The REALTOR® Experience’ – the New Name of the Annual REALTORS® Conference & Expo

The REALTORS® Conference & Expo is now NAR NXT, The REALTOR® Experience. This year’s event will take place in November in Orlando, Florida. NAR NXT will also offer virtual content for select sessions. Over two years of analysis and research have resulted in incorporating meaningful changes to NAR’s premier annual event, REALTORS® Conference & Expo.… The post Registration Open for ‘NAR NXT, The REALTOR® Experience’ – the New Name of the Annual REALTORS® Conference & Expo appeared first on RISMedia. The REALTORS® Conference & Expo is now NAR NXT, The REALTOR® Experience. This year’s event will take place in November in Orlando, Florida. NAR NXT will also offer virtual content for select sessions. Over two years of analysis and research have resulted in incorporating meaningful changes to NAR’s premier annual event, REALTORS® Conference & Expo. The changes elevate programming and ensure attendees are finding relevance and value in the event, year after year, both now and for years to come. With these significant changes came the opportunity for NAR to strategically rename the conference, NAR NXT, The REALTOR® Experience, to ensure it captures the value NAR is trying to convey. The change is supported by key messages that position the conference as the ultimate, experience-centric event for everyone in real estate, no matter where you are in your career or what field of real estate you are in, NAR says. Attendees will exchange ideas, experiment with cutting-edge innovation, get insights from top experts, and create their own experiences. NAR NXT is the innovation incubator at the heart of the real estate industry, NAR says. NAR members, real estate stakeholders and others who are interested in attending NAR NXT can register, view the conference schedule and learn more by visiting narnxt.realtor. The post Registration Open for ‘NAR NXT, The REALTOR® Experience’ – the New Name of the Annual REALTORS® Conference & Expo appeared first on RISMedia......»»

Category: realestateSource: rismediaMay 20th, 2022Related News

As inflation soars, one-third of Americans are experiencing financial stress: Survey

The average American is likely shelling out an extra $311 a month because of inflation, according to a recent Moody's Analytics analysis. The financial squeeze stems from the rising cost of a number of everyday goods, including cars, rent, food, gasoline and health care......»»

Category: topSource: foxnewsMay 20th, 2022Related News

Stocks See Worst Day in 2 Years: Inverse ETFs Shine

The bearish sentiments have raised the appeal for inverse or inverse-leveraged ETFs as these fetch outsized returns on bearish sentiments in a short span. Wall Street logged in its worst day since the early months of the pandemic due to rounds of disappointing earnings from some of the major retailers, underscoring that inflation is hurting corporate profits. Additionally, tightening monetary policy is weighing on economic growth,The bearish sentiments have raised the appeal for inverse or inverse-leveraged ETFs as these fetch outsized returns on bearish sentiments in a short span. ProShares Ultra VIX Short-Term Futures ETF UVXY, BMO REX MicroSectors FANG+ Index -3X Inverse Leveraged ETN FNGD, Direxion Daily Semiconductor Bear 3x Shares SOXS, Direxion Daily S&P Biotech Bear 3x Shares LABD and ProShares UltraPro Short QQQ SQQQ outperformed on the May 18 session and might continue their strong performance if sentiments remain the same (read: S&P 500 Near Bear Market: Inverse ETFs in Focus).Inverse and inverse-leveraged ETFs either create an inverse short position or a leveraged inverse short position in the underlying index through the use of swaps, options, futures contracts and other financial instruments. Due to their compounding effect, investors can enjoy higher returns in a very short time, provided the trend prevails.The S&P 500 fell 4% on May 18, while the Dow Jones Industrial lost 3.6%. This marks the worst one-day loss for both indices since June 2020. Target Corp. TGT tumbled more than 20% in its worst rout since 1987, after it trimmed its profit forecast. Retailers from Walmart Inc. WMT to Macy’s Inc. (M) were caught in the rout. As such, the consumer staples and consumer discretionary sectors lagged (read: Walmart Slumps on Q1 Earnings Miss: ETFs in Focus).Meanwhile, the Nasdaq 100 fell the most among the major benchmarks, plunging more than 5% as growth-related tech stocks sank.ProShares Ultra VIX Short-Term Futures ETF (UVXY) – Up 21.6%ProShares Ultra VIX Short-Term Futures ETF offers exposure to one and one-half times (1.5X) the daily performance of the S&P 500 VIX Short-Term Futures Index. It seeks to profit from increases in the expected volatility of the S&P 500, as measured by the prices of VIX futures contracts.ProShares Ultra VIX Short-Term Futures ETF has accumulated $771.4 million and charges 95 bps in annual fees. It trades in an average daily volume of 74.1 million shares.BMO REX MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) – Up 15%BMO REX MicroSectors FANG+ Index -3X Inverse Leveraged ETN seeks to offer three times inverse leveraged exposure to the NYSE FANG+ Index, an equal-dollar weighted index, targeting the highly-traded growth stocks of next-generation technology and tech-enabled companies in the technology and consumer discretionary sectors.BMO REX MicroSectors FANG+ Index -3X Inverse Leveraged ETN has accumulated $102.4 million in its asset base. It charges 95 bps in annual fees and trades in an average daily volume of 774,000 shares.Direxion Daily Semiconductor Bear 3x Shares (SOXS) – Up 14.9%Direxion Daily Semiconductor Bear 3x Shares targets the semiconductor corner of the technology sector with three times inverse leveraged exposure to the ICE Semiconductor Index (read: 5 Inverse ETFs That Are Up More Than 60% in April).Direxion Daily Semiconductor Bear 3x Shares has amassed about $239.7 million in its asset base while charging 95 bps in fees per year. Volume is good as it exchanges 66.7 million shares per day on average.Direxion Daily S&P Biotech Bear 3x Shares (LABD) – Up 14.8%Direxion Daily S&P Biotech Bear 3x Shares seeks to deliver three times the inverse daily performance of the S&P Biotechnology Select Industry Index, which includes the domestic companies from the biotechnology industry.Direxion Daily S&P Biotech Bear 3x Shares has amassed $107.5 million in its asset base and has an average daily volume of around 4 million shares. LABD charges investors 94 bps in annual fees.ProShares UltraPro Short QQQ (SQQQ) - Up 14.5%ProShares UltraPro Short QQQ provides three times inverse exposure to the daily performance of the Nasdaq-100 Index, charging 95 bps in annual fees. The index measures the performance of the 100 largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization.ProShares UltraPro Short QQQ has AUM of $3 billion and trades in an average daily volume of about 104 million shares.Bottom LineWhile the strategy is highly beneficial for short-term traders, it could lead to huge losses compared with traditional funds in fluctuating or seesawing markets. Further, their performances could vary significantly from the actual performance of their underlying index over a longer period compared to a shorter period (such as weeks or months) due to their compounding effect (see: all the Inverse Equity ETFs here).Still, for ETF investors bearish on equities for the near term, either of the above products could make an interesting choice. Clearly, these could be intriguing for those with a high-risk tolerance, and a belief that the “trend is the friend” in this specific corner of the investing world. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report ProShares Ultra VIX ShortTerm Futures ETF (UVXY): ETF Research Reports Direxion Daily S&P Biotech Bear 3X Shares (LABD): ETF Research Reports ProShares UltraPro Short QQQ (SQQQ): ETF Research Reports Direxion Daily Semiconductor Bear 3X Shares (SOXS): ETF Research Reports MicroSectors FANG Index 3X Inverse Leveraged ETNs (FNGD): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 20th, 2022Related News

5 Safe Investing Zones &Their ETFs to Escape Market Rout

The events have led to risk-off trading, with lower-risk securities being in vogue. We have highlighted an ETF from five such zones in which investors could stash their money amid the market turmoil. Soaring yields and tightening Fed policy have been playing foul on the stock market, pushing the stocks in deep red from a year-to-date look. The S&P 500 Index is down about 18% so far in 2022 and the Nasdaq Composite Index has dropped about 27%, hit by plunging growth stocks. Almost two-thirds of S&P 500 stocks are down 20% or more from their 52-week highs, according to Refinitiv data.Inside the TurmoilThe Federal Reserve has started raising interest rates more aggressively to fight inflation that will hit consumers and businesses. Fed Chair Jerome Powell has raised interest rates by 50 bps in the latest FOMC meeting. This marks the biggest interest-rate hike since 2000. Inflation is not showing any sign of a slowdown, jumping 8.3% year over year in April. Though it is down from an 8.5% year-over-year increase in March, it still represents the second-highest inflation in four decades.The war in Ukraine worsened disruptions in the flow of goods across borders, resulting in skyrocketing food and energy prices. The higher prices have started to take a hit on corporate profits. Consumer sentiment reached the lowest level since 2011 in May, according to the latest reading of the University of Michigan Sentiment index. Manufacturing activity also grew at its slowest pace in more than one and a half years in April. Notably, the U.S. economy shrank for the first time since the outbreak of the pandemic. GDP dropped 1.4% annually in the first quarter of 2022, marking a sharp reversal from 6.9% annual growth in the fourth quarter (read: U.S. Economy Shrinks in Q1: ETFs to Win/Lose).Additionally, COVID-19 variant concerns and the resultant lockdown measures in China have sparked worries over global economic expansion that continued to weigh on investors’ sentiment.The events have led to risk-off trading, with lower-risk securities being in vogue. Below, we have highlighted an ETF from five such zones in which investors could stash their money amid the market turmoil:Low-BetaLow-beta ETFs exhibit greater levels of stability and usually lose less when the market is crumbling. Though these have lesser risks and lower returns, the stocks are considered safe and resilient.Invesco S&P 500 Downside Hedged ETF PHDG is an actively managed fund and seeks to deliver positive returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. Invesco S&P 500 Downside Hedged ETF tries to follow the S&P 500 Dynamic VEQTOR Index, which provides broad equity market exposure with an implied volatility hedge by dynamically allocating between different asset classes: equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework (read: 5 ETFs to Protect Your Portfolio Amid Market Sell-Off).Invesco S&P 500 Downside Hedged ETF has accumulated $317.8 million in its asset base and charges 40 bps in fees per year from its investors. It has a beta of 0.33. Volume is good, exchanging 156,000 shares a day on average.Low VolatilityThese products have the potential to outpace the broader market providing significant protection to the portfolio. These funds include more stable stocks that have experienced the least price movement. Further, these allocate more to defensive sectors with a higher distribution yield than the broader markets.While there are several options, iShares Edge MSCI Min Vol USA ETF USMV, with AUM of $26.9 billion and an average daily volume of 3.4 million shares, is the most popular ETF. The fund offers exposure to stocks that have lower volatility characteristics relative to the broader U.S. equity market. iShares Edge MSCI Min Vol USA ETF tracks the MSCI USA Minimum Volatility Index, holding 173 stocks in its basket. The product charges 15 bps in annual fees and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.ValueValue stocks have proven to be outperformers over the long term and are less susceptible to the trending markets. These stocks have strong fundamentals — earnings, dividends, book value and cash flow — that trade below their intrinsic value. These have the potential to deliver higher returns and exhibit lower volatility compared with their growth and blend counterparts.iShares Core S&P U.S. Value ETF IUSV offers exposure to large- and mid-cap U.S. equities that exhibit value characteristics by tracking the S&P 900 Value Index. It holds 742 stocks in its basket, with each accounting for no more than a 3.1% share. iShares Core S&P U.S. Value ETF is widely spread across sectors with health care, financials, industrials, information technology and consumer staples occupying double-digit exposure each (read: 4 ETFs to Ride on Fed's 50 Bps Rate Hike).iShares Core S&P U.S. Value ETF has AUM of $11.5 billion and trades in an average daily volume of 643,000 shares. It charges 4 bps in annual fees and has a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook.QualityQuality investing also seeks safety and protection against volatility. Quality stocks tend to outperform as these are rich in value characteristics, with healthy balance sheets, high return on capital, low volatility, elevated margins and a track of stable or rising sales and earnings growth.iShares MSCI USA Quality Factor ETF QUAL provides exposure to large and mid-cap stocks exhibiting positive fundamentals (high return on equity, stable year-over-year earnings growth and low financial leverage) by tracking the MSCI USA Sector Neutral Quality Index. iShares MSCI USA Quality Factor ETF holds 124 securities in its basket and trade in an average daily volume of 1.5 million shares. The ETF has AUM of $20.7 billion and charges 15 bps in annual fees.DividendThe dividend-paying securities are the major sources of consistent income for investors when returns from the equity market are at risk. This is especially true as these stocks offer the best of both worlds — safety in the form of payouts and stability in the form of mature companies that are less volatile to the large swings in stock prices. The companies that pay dividends generally act as a hedge against economic uncertainty and provide downside protection by offering outsized payouts or sizable yields on a regular basis.Vanguard Dividend Appreciation ETF VIG is the largest and the most popular ETF in the dividend space, with AUM of $62.4 billion and an average daily volume of 1.5 million shares.Vanguard Dividend Appreciation ETF follows the S&P U.S. Dividend Growers Index, which is composed of companies that have a record of increasing dividends over time. It holds 289 securities in the basket and charges 6 bps in annual fees. The product has a Zacks ETF Rank #1 with a Medium risk outlook. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares MSCI USA Quality Factor ETF (QUAL): ETF Research Reports iShares MSCI USA Min Vol Factor ETF (USMV): ETF Research Reports iShares Core S&P U.S. Value ETF (IUSV): ETF Research Reports Invesco S&P 500 Downside Hedged ETF (PHDG): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 20th, 2022Related News

Should You Buy the Dip Like Warren Buffett With ETFs?

Billionaire investor Warren Buffett has been buying stocks amid the prolonged market rout this year. Billionaire investor Warren Buffett has been buying stocks amid the prolonged market rout this year.  In the past few months, his Berkshire Hathaway Inc (BRK-A) boosted its stake in Chevron Corp. CVX placed a merger-arbitrage bet on Activision Blizzard Inc. ATVI, acquired shares of HP Inc. (HPQ), Citigroup Inc. C and Ally Financial Inc. (ALLY), and continued adding to its position in Apple Inc. (AAPL), which emerged out as his favorite and biggest stockholding.The Omaha-based company bought 901,768 shares of Occidental Petroleum Corp. OXY last week, according to a regulatory filing, as quoted on Wall Street Journal. The move made Occidental one of Buffett’s 10 biggest holdings. Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.” He is adopting that strategy currently and buying stocks as the market is slumping.Berkshire ended 2021 with a near-record cash balance of $146.7 billion andinjected $51.1 billion into the market at the start of this year as global stocks are reeling under pressure.With rising rate worries and geopolitical crisis bringing about uncertainties in the global investment backdrop, many are waiting for the investing tactics of the Oracle of Omaha. For them, below we highlight a few investing strategies.Buffett Big on Energy: Buy on Low Valuation & Favorable Operating Backdrop The energy sector has everything – decent valuation, higher dividends and an upbeat operating backdrop. WTI crude ETF United States Oil Fund LP USO is up 53% this year. The oil and gas rally this year has been driven by the Russia-Ukraine war (Russia is energy-rich) and rising pent-up demand as global COVID cases are ebbing.The energy sector recorded a 240.6% earnings expansion in Q1, with 174.1% growth expected in Q2 – the highest in the S&P 500 index. The “Oracle of Omaha’ is bullish on Chevron and Occidental. Chevron pays a 3.38% dividend yield.  Chevron-heavy ETFs like Energy Select Sector SPDR Fund XLE and Vanguard Energy ETF (VDE) could be bought as long the trend is your friend. Invesco Dynamic Energy Exploration & Production ETF PXE is an Occidental-heavy fund to invest in.Bet on Citigroup-Heavy ETFsWarren Buffett’s Berkshire Hathaway has made a big bet worth $3 billion on Citigroup. Citi now holds a 2.8% stake in Berkshire Hathaway, according to filings with regulators.The investment came as Buffett exited Wells Fargo, a rival bank that was in Buffett’s portfolio for more than three decades, as quoted on Financial Times.Citigroup is down 21% this year, underperforming the average financial sector stock in the S&P 500 Index, which is down 16%. It is the only big U.S. bank that trades below book value at 52 cents a dollar, according to FactSet, as quoted on Financial Times.Invesco KBW Bank ETF KBWB is heavy on Citigroup.Media Could be in Your Cards Buffett’s company also invested $2.6 billion in Paramount Global PARA, the U.S. media group formerly known as ViacomCBS. Its dividend yield is 3.39% annually. iShares Evolved U.S. Media and Entertainment ETF IEME and Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) are two ETFs that have exposure to Paramount Global.Apple & HP: Buffett’s Tech FavoritesBerkshire’s biggest holding was still Apple. One can bet on Apple ETFs likeTechnology Select Sector SPDR Fund XLK, Fidelity MSCI Information Technology Index ETF (FTEC) and Vanguard Information Technology ETF (VGT).He is also bullish on HP Inc., which is the surviving entity following the November 2015 split of Hewlett-Packard Company into publicly traded entities — Hewlett Packard Enterprise Company and HP Inc.The company is a leading global provider of personal computing and other access devices, imaging and printing products, etc. HP Inc. has exposure to American Customer Satisfaction ETF ACSI.  Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C): Free Stock Analysis Report Activision Blizzard, Inc (ATVI): Free Stock Analysis Report Chevron Corporation (CVX): Free Stock Analysis Report Occidental Petroleum Corporation (OXY): Free Stock Analysis Report Energy Select Sector SPDR ETF (XLE): ETF Research Reports Technology Select Sector SPDR ETF (XLK): ETF Research Reports United States Oil ETF (USO): ETF Research Reports Invesco KBW Bank ETF (KBWB): ETF Research Reports Invesco Dynamic Energy Exploration & Production ETF (PXE): ETF Research Reports American Customer Satisfaction ETF (ACSI): ETF Research Reports iShares Evolved U.S. Media and Entertainment ETF (IEME): ETF Research Reports Paramount Global (PARA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 20th, 2022Related News