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Exactly How Bad Was January?

Posted by on Feb 4, 2016 in Commerce Asset Management, Market Insight

Kurt Voldeng is the Chief Investment Officer of Commerce Asset Management LLC and Portfolio Manager of the AdvisorShares QAM Equity Hedge ETF (QEH).   No one likes negative returns, but when it gets bad – I mean really bad – and there is no place to hide besides cash or being outright short (way too risky for most), better relative returns help soften that pain. In January, the S&P 500 was down roughly -5%. This decline doesn’t sound awful but mid-month, it was down -11% at its lowest point. Our estimate for Long/Short Equity, as measured by the HFRI Equity Hedge (Total) Index, is -4%. This number seems only slightly...

Taking Ownership Of Your Retirement Outcome

Posted by on Feb 3, 2016 in ETF Strategist, Market Insight

By Roger Nusbaum, AdvisorShares ETF Strategist   Last week Christine Benz had a write up on retiree spending that “unpacked” the 4% rule. One interesting tidbit she threw in was that “…according to a survey from the American College of Financial Services. Seven in 10 individuals between the ages of 60 and 75 with at least $100,000 said they were unfamiliar with the oft-cited 4% withdrawal-rate guideline. Meanwhile, 16% of survey respondents pegged 6% to 8% as a safe withdrawal rate.” The lack of awareness of the 4% rule is of course plausible. But just as more and more Americans (boomers) need to be aware and have some understanding...

AdvisorShares Active ETF Market Share Update – Week Ending 1/29/2016

Posted by on Feb 2, 2016 in Active ETF Reports, ETF Strategist

Assets in actively managed ETFs increased by $713 million, or 3%, to $23.917 billion. There were no new funds last week, leaving the overall count at 137. Fund flows of course were mostly positive led by $231 million into PIMCO, $208 million to State Street and $102 million to Fidelity. Tuttle Tactical had an $8 million outflow. The lion’s share of those larger inflows went to Short Term Bond, to the tune of $536 million, perhaps indicating a risk off environment. Global Bond was a distant second with $37 million. Multi-Asset had the largest outflow but that was modest at $6 million, followed by $5 million from Tactical. To...

Negative Rates In Japan? It’s A Big Deal

Posted by on Feb 1, 2016 in Dennis Gartman, Market Insight

February 1, 2016 Dennis Gartman has been directly involved in the capital markets since 1974 and has been publishing his daily commentary, The Gartman Letter, since 1987. Mr. Gartman is a strategic partner with the AdvisorShares Gartman Currency Hedged Gold ETFs (GEUR & GYEN) and lends his institutional insight to educate advisors and investors about trading gold in different currency terms.   The world is still trying to understand how serious was the “reversal” of policy undertaken by the Bank of Japan on Friday in light of the fact that Mr. Kuroda announced that Japan was prepared to take its interest rates into negative territory only a week after...

2/1/16 Macro Update

Posted by on Feb 1, 2016 in Laif Meidell, Macro Update

Please listen to this week’s Macro Update from Laif Meidell, President of American Wealth Management and Portfolio Manager of the AdvisorShares Meidell Tactical Advantage ETF (NYSE Arca: MATH) and the AdvisorShares Market Adaptive Unconstrained Income ETF (NASDAQ: MAUI).  ...

AdvisorShares Weekly Market Review – Week Ending 1/29/2016

Posted by on Feb 1, 2016 in ETF Strategist, Market Insight

Highlights of the Prior Week January Finishes On An Up Note Macro The new year of course started with a big decline but did show some recovery for the last two weeks but markets are still far from even. For the month the Dow Jones Industrial Average was down 5.58%, the S&P 500 fell 5.18%, the NASDAQ gave up 7.95% and the Russell 2000 had an 8.92% retreat. As bad as those numbers might seem they were all several hundred basis points worse earlier in the month. Domestic equities may have gotten a positive lift on Friday thanks to weak economic data including a GDP print at 0.7% and...

Oil Stable While Stocks Retreat

Posted by on Jan 28, 2016 in Laif Meidell, Market Insight

By Laif Meidell, CMT, President of American Wealth Management, and Portfolio Manager of the AdvisorShares Meidell Tactical Advantage ETF (NYSE Arca: MATH) and the AdvisorShares Market Adaptive Unconstrained Income ETF (NASDAQ: MAUI)   Stocks traded higher during the morning as the price of oil continued to rise, but as time for the FOMC announcement drew near stocks drifted sideways as investors awaited the Fed’s decision on interest rates and any guidance of rate hikes going forward. Though investors appeared to be in a speculative mood before the Fed announcement, that disposition quickly dissipated after the news release like water down a drain. Stocks gave back their early gains and...

Crude Oil Is Not Going Out Of Business

Posted by on Jan 27, 2016 in ETF Strategist, Market Insight

By Roger Nusbaum, AdvisorShares ETF Strategist   Crude oil has of course gone on a wild ride for more than a year and lately, as its volatility has been increasing, the correlation to equities has also increased. When the volatility characteristics of an important market change dramatically it is a signal that something is going on regardless of whether we can figure it out. The commodity super cycle from the 2000’s was a real phenomenon and built upon the foundation of China’s growth and modernization. To a lesser extent other emerging markets also contributed to the commodity super cycle. The more than 2/3rd decline in the price in the...

Correlation to Oil

Posted by on Jan 26, 2016 in Market Insight, Treesdale

By Dennis Rhee, Managing Partner of Treesdale Partners and Portfolio Manager of the AdvisorShares Gartman Gold/Euro ETF (NYSE Arca: GEUR) and AdvisorShares Gartman Gold/Yen ETF (NYSE Arca: GYEN)   Mario Draghi in his statement on January 21st signaled for more quantitative easing. Excerpts including “no limits on how far to deploy measures” and “ready for extended measures” was the impetus on Thursday for a global equity relief rally. Oil rallied as well. Draghi also stated that “Europe’s correlation to oil prices has increased.” No kidding.  Draghi will not stop the oil debacle by “extended measures.” Oil has fundamental problems with oversupply and lower demand. This will take time to work itself...

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