Researches By 3gfm
U.S. stock markets powered higher again last week with all 3 major indexes setting record highs.
While strong earnings and economic reports helped move stock markets higher, Wednesday’s FOMC
announcement also contributed to this week’s increase. The Fed, as expected, announced it would
begin reducing its $120 billion/month bond buyback program by $15 billion/month beginning this
month (subject to changes if needed) but also indicated the timing of rate increases was uncertain
given the Fed’s view its full-employment goals have not been reached, increasing sentiment the Fed
would maintain its easy-money policies longer than expected. Friday’s October Non-Farm Payroll
report, stronger than expected with respect to jobs and the unemployment rate, seemingly had
little effect on markets with investor uncertainty regarding the strength of future job gains and an
unchanged labour participation rate overriding the headline strength of the report. The 10-year U.S.
Treasury rate, reflecting this sentiment, ended the week 11bps lower with almost all the decrease
coming from falling 10-year real rates (down 8bps over the week). The U.S. dollar, stronger on the
week, rose on the back of Thursday’s BoE announcement leaving rates unchanged. At week’s end,
the S&P 500 Index rose 2.0% to 4,697.53, the Nasdaq Composite Index gained 3.0% to 15,971.60,
the Dow Jones Industrial Average increased 1.4% to 36,329.07, the 10-year U.S. Treasury rate fell
11bps to 1.45% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened
0.2%
Topic: Telecoms , Financials , Basic Materials , Energy , Healthcare , Industrials , Technology
Publication Type: Market Commentaries
The Long and Short of it, week ending 05 Nov 2021
09 November, 2021 | GraniteShares
U.S. stock markets powered higher again last week with all 3 major indexes setting record highs.
While strong earnings and economic reports helped move stock markets higher, Wednesday’s FOMC
announcement also contributed to this week’s increase. The Fed, as expected, announced it would
begin reducing its $120 billion/month bond buyback program by $15 billion/month beginning this
month (subject to changes if needed) but also indicated the timing of rate increases was uncertain
given the Fed’s view its full-employment goals have not been reached, increasing sentiment the Fed
would maintain its easy-money policies longer than expected. Friday’s October Non-Farm Payroll
report, stronger than expected with respect to jobs and the unemployment rate, seemingly had
little effect on markets with investor uncertainty regarding the strength of future job gains and an
unchanged labour participation rate overriding the headline strength of the report. The 10-year U.S.
Treasury rate, reflecting this sentiment, ended the week 11bps lower with almost all the decrease
coming from falling 10-year real rates (down 8bps over the week). The U.S. dollar, stronger on the
week, rose on the back of Thursday’s BoE announcement leaving rates unchanged. At week’s end,
the S&P 500 Index rose 2.0% to 4,697.53, the Nasdaq Composite Index gained 3.0% to 15,971.60,
the Dow Jones Industrial Average increased 1.4% to 36,329.07, the 10-year U.S. Treasury rate fell
11bps to 1.45% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened
0.2%
Another strong week for U.S. stock markets with all three major indexes posting record levels.
Strong earnings reports again were the primary factor moving markets higher despite disappointing
Apple and Amazon earning releases and a weaker-than-expected increase in GDP. All three major
stock indexes moved higher almost every day last week, only pausing Wednesday. Thursday’s
weaker-than-expected GDP release (along with Apple’s and Amazon’s disappointing earnings
reports) and Friday’s as-expected PCE price index release highlighted concerns surrounding
persistently high inflation caused by input/labor shortages and production and shipping bottlenecks
and slowing economic activity. 10-year U.S. Treasury rates fell 8bps over the week, perhaps
reflecting the growing conviction the Fed will begin moderately tightening monetary policy resulting
in slowing economic growth. The U.S dollar, weaker by 0.3% through Thursday, strengthened over
0.8% Friday following the release of the Employment Cost Index and Personal Income and Outlays
reports, perhaps reflecting the same conviction. At week’s end, the S&P 500 Index climbed 1.3% to
4,605.38, the Nasdaq Composite Index gained 2.7% to 15,498.40, the Dow Jones Industrial Average
increased 0.4% to 35,819.59, the 10-year U.S. Treasury rate fell 8bps to 1.56% and the U.S. dollar (as
measured by the ICE U.S. Dollar index - DXY) strengthened 0.5%.
Topic: Telecoms , Financials , Basic Materials , Energy , Healthcare , Industrials , Technology
Publication Type: Market Commentaries
The Long and Short of it, week ending 29 Oct 2021
01 November, 2021 | GraniteShares
Another strong week for U.S. stock markets with all three major indexes posting record levels.
Strong earnings reports again were the primary factor moving markets higher despite disappointing
Apple and Amazon earning releases and a weaker-than-expected increase in GDP. All three major
stock indexes moved higher almost every day last week, only pausing Wednesday. Thursday’s
weaker-than-expected GDP release (along with Apple’s and Amazon’s disappointing earnings
reports) and Friday’s as-expected PCE price index release highlighted concerns surrounding
persistently high inflation caused by input/labor shortages and production and shipping bottlenecks
and slowing economic activity. 10-year U.S. Treasury rates fell 8bps over the week, perhaps
reflecting the growing conviction the Fed will begin moderately tightening monetary policy resulting
in slowing economic growth. The U.S dollar, weaker by 0.3% through Thursday, strengthened over
0.8% Friday following the release of the Employment Cost Index and Personal Income and Outlays
reports, perhaps reflecting the same conviction. At week’s end, the S&P 500 Index climbed 1.3% to
4,605.38, the Nasdaq Composite Index gained 2.7% to 15,498.40, the Dow Jones Industrial Average
increased 0.4% to 35,819.59, the 10-year U.S. Treasury rate fell 8bps to 1.56% and the U.S. dollar (as
measured by the ICE U.S. Dollar index - DXY) strengthened 0.5%.
U.S. stock markets moved higher last week with the Dow Jones Industrial Average closing at a record
high and the S&P 500 Index finishing slightly off its record high set Thursday. Strong earnings
reports were the primary driver behind last week’s gains, overcoming concerns of lower profits due
to rising input and labour costs and production and shipping bottlenecks. Lower-than-expected
jobless claims, reported Thursday, also helped move markets higher. Three notable earnings misses
– Intel, Snap and IBM – helped push the Nasdaq Composite Index and the S&P 500 Index lower
Friday though analysts mostly considered these misses as outliers either because they were
considered exceptions (IBM) or because of the unique, specific nature of the misses (Snap, Intel).
Better-than-expected earnings reports, however, did not alleviate concerns of persistent inflation,
driving the 10-year U.S.Treasury rate 12bps higher through Thursday. The rate fell almost 6bps
Friday, likely reacting to weaker-than-expected earnings reports. At week’s end, the S&P 500 Index
rose 1.6% to 4,544.90, the Nasdaq Composite Index increased 1.3% to 15,090.20, the Dow Jones
Industrial Average gained 1.1% to 35,677.02, the 10-year U.S. Treasury rate rose 7bps to 1.64% and
the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) weakened 0.3%.
Topic: Telecoms , Financials , Basic Materials , Energy , Healthcare , Industrials , Consumer Staples , Technology
Publication Type: Market Commentaries
The Long and Short of it, week ending 22 Oct 2021
26 October, 2021 | GraniteShares
U.S. stock markets moved higher last week with the Dow Jones Industrial Average closing at a record
high and the S&P 500 Index finishing slightly off its record high set Thursday. Strong earnings
reports were the primary driver behind last week’s gains, overcoming concerns of lower profits due
to rising input and labour costs and production and shipping bottlenecks. Lower-than-expected
jobless claims, reported Thursday, also helped move markets higher. Three notable earnings misses
– Intel, Snap and IBM – helped push the Nasdaq Composite Index and the S&P 500 Index lower
Friday though analysts mostly considered these misses as outliers either because they were
considered exceptions (IBM) or because of the unique, specific nature of the misses (Snap, Intel).
Better-than-expected earnings reports, however, did not alleviate concerns of persistent inflation,
driving the 10-year U.S.Treasury rate 12bps higher through Thursday. The rate fell almost 6bps
Friday, likely reacting to weaker-than-expected earnings reports. At week’s end, the S&P 500 Index
rose 1.6% to 4,544.90, the Nasdaq Composite Index increased 1.3% to 15,090.20, the Dow Jones
Industrial Average gained 1.1% to 35,677.02, the 10-year U.S. Treasury rate rose 7bps to 1.64% and
the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) weakened 0.3%.
U.S. stock markets moved lower early last week pressured by inflation concerns arising from surging
oil prices and continued shipping and production bottlenecks as well as by the advent of 3rd quarter
earnings reports (the IMF’s lower global growth forecast Tuesday also pressured markets). Down
close to 1% through Tuesday, U.S stock markets rallied the remainder of the week powered by
better-than-expected bank earnings and stronger-than-expected retail sales and jobless claims. A
record high CPI release Wednesday, while increasing expectations of Fed tapering sooner than later
(confirmed by the FOMC minutes released Wednesday), seemingly had little effect on markets.
Thursday’s lower-than-expected PPI release may have eased those expectations perhaps helping U.S
stock markets to power 1.5% to 1.7% higher. The 10-year U.S. Treasury rate, reacting conversely to
Fed tapering expectations, fell 10bps through Thursday but rose 6bps Friday to finish the week
lower by 4bps. Interestingly the U.S dollar (as measured by the DXY Index), stronger by ½ percent
through Tuesday, weakened almost ½ percent Wednesday and finished the week lower by 0.1%.
For the week, the S&P 500 Index rose 1.8% to 4,471.37, the Nasdaq Composite Index jumped 2.2%
to 14,897.30, the Dow Jones Industrial Average gained 1.6% to 35,295.48, the 10-year U.S. Treasury
rate fell 4bps to 1.57% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) weakened
0.1%.
Topic: Telecoms , Financials , Basic Materials , Energy , Healthcare , Industrials , Consumer Staples , Technology
Publication Type: Market Commentaries
The Long and Short of it, week ending 15 Oct 2021
19 October, 2021 | GraniteShares
U.S. stock markets moved lower early last week pressured by inflation concerns arising from surging
oil prices and continued shipping and production bottlenecks as well as by the advent of 3rd quarter
earnings reports (the IMF’s lower global growth forecast Tuesday also pressured markets). Down
close to 1% through Tuesday, U.S stock markets rallied the remainder of the week powered by
better-than-expected bank earnings and stronger-than-expected retail sales and jobless claims. A
record high CPI release Wednesday, while increasing expectations of Fed tapering sooner than later
(confirmed by the FOMC minutes released Wednesday), seemingly had little effect on markets.
Thursday’s lower-than-expected PPI release may have eased those expectations perhaps helping U.S
stock markets to power 1.5% to 1.7% higher. The 10-year U.S. Treasury rate, reacting conversely to
Fed tapering expectations, fell 10bps through Thursday but rose 6bps Friday to finish the week
lower by 4bps. Interestingly the U.S dollar (as measured by the DXY Index), stronger by ½ percent
through Tuesday, weakened almost ½ percent Wednesday and finished the week lower by 0.1%.
For the week, the S&P 500 Index rose 1.8% to 4,471.37, the Nasdaq Composite Index jumped 2.2%
to 14,897.30, the Dow Jones Industrial Average gained 1.6% to 35,295.48, the 10-year U.S. Treasury
rate fell 4bps to 1.57% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) weakened
0.1%.
A bumpy start last week with major U.S. stock indexes falling sharply and with the Nasdaq
Composite Index faring the worst by far. Increasing inflation and Fed-tapering concerns, spurred by
Friday’s PCE price index release, combined with a debt-ceiling overhang, pushed 10-year U.S.
Treasury rates higher and stock prices – especially tech stock prices – lower (Facebook’s
unprecedented outage Monday also affected the tech-heavy Nasdaq Composite Index). Stock
markets rebounded sharply Tuesday and then continued higher through Thursday buoyed by a
better-than-expected ISM services index release, falling weekly and continued jobless claims and
substantive progress on a short-term debt ceiling extension. Friday’s much weaker-than-expected
payroll report moved stock markets slightly lower while at the same time pulling the 10-year U.S.
Treasury rate above 1.6%. For the week, the S&P 500 Index rose 0.8% to 4,392.36, the Nasdaq
Composite Index increased 0.1% to 14,579.50, the Dow Jones Industrial Average gained 1.2% to
34,746.71, the 10-year U.S. Treasury rate jumped 15bp to 1.61% and the U.S. dollar (as measured by
the ICE U.S. Dollar index - DXY) was practically unchanged.
Topic: Telecoms , Financials , Basic Materials , Energy , Healthcare , Industrials , Consumer Staples , Technology
Publication Type: Market Commentaries
The Long and Short of it, week ending 08 Oct 2021
11 October, 2021 | GraniteShares
A bumpy start last week with major U.S. stock indexes falling sharply and with the Nasdaq
Composite Index faring the worst by far. Increasing inflation and Fed-tapering concerns, spurred by
Friday’s PCE price index release, combined with a debt-ceiling overhang, pushed 10-year U.S.
Treasury rates higher and stock prices – especially tech stock prices – lower (Facebook’s
unprecedented outage Monday also affected the tech-heavy Nasdaq Composite Index). Stock
markets rebounded sharply Tuesday and then continued higher through Thursday buoyed by a
better-than-expected ISM services index release, falling weekly and continued jobless claims and
substantive progress on a short-term debt ceiling extension. Friday’s much weaker-than-expected
payroll report moved stock markets slightly lower while at the same time pulling the 10-year U.S.
Treasury rate above 1.6%. For the week, the S&P 500 Index rose 0.8% to 4,392.36, the Nasdaq
Composite Index increased 0.1% to 14,579.50, the Dow Jones Industrial Average gained 1.2% to
34,746.71, the 10-year U.S. Treasury rate jumped 15bp to 1.61% and the U.S. dollar (as measured by
the ICE U.S. Dollar index - DXY) was practically unchanged.
Concerns of central bank tightening and growing inflation concerns precipitated steep declines in
U.S. stock markets with all three major U.S. stock indexes falling 3% or more through Thursday. Fed
Chairman Powell’s prepared remarks before Congress on Tuesday reiterated remarks made after the
most recent FOMC meeting, saying the Fed could begin tapering in November and that higher
inflation could last longer than initially anticipated before moderating toward the Fed’s 2% goal,
uneased stock and bond markets with the 10-year U.S. Treasury rate increasing over 9bps through
Tuesday, and U.S. stock markets dropping between 1.5% and 3%. Debt ceiling and government
shutdown concerns and President Biden’s $3.5 trillion spending bill also unnerved markets with
Congress at a debt-ceiling impasse leading to warnings of default and credit rating downgrades.
Stock markets rebounded Friday with investor risk-on appetite apparently returning with Congress
approving a stopgap, government-funding bill and as the U.S dollar fell from its almost 1-year high
and the 10-year U.S. Treasury rate finished the week only slightly higher. The PCE price index,
released Friday, increased an as-expected 3.5%, perhaps helping to reduce inflation concerns. For
the week, the S&P 500 Index fell 2.2% to 4,357.05, the Nasdaq Composite Index dropped 3.2% to
14,566.70, the Dow Jones Industrial Average decreased 1.4% to 34,327.45, the 10-year U.S. Treasury
rate increased 1bp to 1.46% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY)
strengthened 0.8% percent.
Topic: Telecoms , Financials , Basic Materials , Energy , Healthcare , Industrials , Consumer Staples , Technology
Publication Type: Market Commentaries
The Long and Short of it, week ending 01 Oct 2021
05 October, 2021 | GraniteShares
Concerns of central bank tightening and growing inflation concerns precipitated steep declines in
U.S. stock markets with all three major U.S. stock indexes falling 3% or more through Thursday. Fed
Chairman Powell’s prepared remarks before Congress on Tuesday reiterated remarks made after the
most recent FOMC meeting, saying the Fed could begin tapering in November and that higher
inflation could last longer than initially anticipated before moderating toward the Fed’s 2% goal,
uneased stock and bond markets with the 10-year U.S. Treasury rate increasing over 9bps through
Tuesday, and U.S. stock markets dropping between 1.5% and 3%. Debt ceiling and government
shutdown concerns and President Biden’s $3.5 trillion spending bill also unnerved markets with
Congress at a debt-ceiling impasse leading to warnings of default and credit rating downgrades.
Stock markets rebounded Friday with investor risk-on appetite apparently returning with Congress
approving a stopgap, government-funding bill and as the U.S dollar fell from its almost 1-year high
and the 10-year U.S. Treasury rate finished the week only slightly higher. The PCE price index,
released Friday, increased an as-expected 3.5%, perhaps helping to reduce inflation concerns. For
the week, the S&P 500 Index fell 2.2% to 4,357.05, the Nasdaq Composite Index dropped 3.2% to
14,566.70, the Dow Jones Industrial Average decreased 1.4% to 34,327.45, the 10-year U.S. Treasury
rate increased 1bp to 1.46% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY)
strengthened 0.8% percent.
Investors and hedge fund managers alike diversify their portfolios by investing in FANG ETFs. What are FANG stocks, and why are they so popular? We’ll examine how FANG stocks perform and why these stocks are lucrative.
Whether you prefer long-term or short-term investment strategies, FANG benefits both. We’ll explain why these industry leaders are worth your investment.
Topic: FAANG , GAFAM , FATANG
Publication Type: ETP and Industry
How To Invest In FANG ETFs
19 April, 2021 | GraniteShares
Investors and hedge fund managers alike diversify their portfolios by investing in FANG ETFs. What are FANG stocks, and why are they so popular? We’ll examine how FANG stocks perform and why these stocks are lucrative.
Whether you prefer long-term or short-term investment strategies, FANG benefits both. We’ll explain why these industry leaders are worth your investment.
Are you considering investing in GAFAM stocks? We’ll examine why some investors like GAFAM stocks and how they use them to navigate the tech sector. Throughout their history, GAFAM stocks have weathered varied market conditions, making them a potentially attractive addition to investment portfolios
If you are interested in long-term or short-term investment strategies, you might consider investing in GAFAM stocks. We’ll explain why these industry leaders are worthy of your consideration.
Topic: Technology , GAFAM
Publication Type: ETP and Industry
GAFAM Stocks
17 March, 2021 | GraniteShares
Are you considering investing in GAFAM stocks? We’ll examine why some investors like GAFAM stocks and how they use them to navigate the tech sector. Throughout their history, GAFAM stocks have weathered varied market conditions, making them a potentially attractive addition to investment portfolios
If you are interested in long-term or short-term investment strategies, you might consider investing in GAFAM stocks. We’ll explain why these industry leaders are worthy of your consideration.
FAANG is an acronym of five internationally-famous technology giants based in the United States: Facebook, Apple, Amazon, Netflix, and Google (now Alphabet). Not only are FAANG companies easily recognized and household names, but because they make up such a large portion of the stock market, they can impact the market as a whole. Therefore, it would be an excellent opportunity to learn more about these companies. Read on to learn more about the FAANG group that makes up for a good portion of the S&P 500 market, what they do, how to invest in them, and whether
they’re a good investment to make in the first place.
Topic: Technology , FAANG
Publication Type: ETP and Industry
What Is FAANG? [Stock & ETF Overview]
10 March, 2021 | GraniteShares
FAANG is an acronym of five internationally-famous technology giants based in the United States: Facebook, Apple, Amazon, Netflix, and Google (now Alphabet). Not only are FAANG companies easily recognized and household names, but because they make up such a large portion of the stock market, they can impact the market as a whole. Therefore, it would be an excellent opportunity to learn more about these companies. Read on to learn more about the FAANG group that makes up for a good portion of the S&P 500 market, what they do, how to invest in them, and whether
they’re a good investment to make in the first place.
In the world of finance, FANG is an acronym that refers to four American-based technology giants. Companies in this group contain Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Google (GOOG)—after this acronym was born, Google restructured to Alphabet Inc. in 2015; however, the acronym remains the same.
FANG stocks are all known for tremendous growth in their respective industries.
Keep reading to learn everything you need to know about FANG stocks; what each company of this group produces, if their stocks are overvalued, and reasons for investing.
Topic: FAANG , GAFAM , FATANG
Publication Type: ETP and Industry
What Are FANG Stocks? [Definition & FAQ]
08 March, 2021 | GraniteShares
In the world of finance, FANG is an acronym that refers to four American-based technology giants. Companies in this group contain Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Google (GOOG)—after this acronym was born, Google restructured to Alphabet Inc. in 2015; however, the acronym remains the same.
FANG stocks are all known for tremendous growth in their respective industries.
Keep reading to learn everything you need to know about FANG stocks; what each company of this group produces, if their stocks are overvalued, and reasons for investing.
