- ETFs attracted $463.5 billion during Q1, surpassing previous records, according to ETFGI. - Equity ETFs led with $211.6 billion in inflows despite the S&P 500's March decline. - Active ETFs gathered $145.3 billion, double last year's first-quarter figure.
- SPY bled $926 million in outflows on April 22. - VOO pulled in $832.8 million as markets jumped. - SOXL's AUM jumped 3.5%.
Intel has a reasonable chance of beating earnings estimates when it reports first-quarter results.
GLD, IAUM, ALDM and IAU are part of the Zacks top Analyst Blog.
Smart Beta ETF report for FXO
After its best quarter since 1986, gold sits in overbought territory. Further upside looks unlikely.
A few ETFs are touching new 52-week highs amid the market turmoil.
The allure of gold's recent out performance is undeniable but the current technical indicators suggest that investors should not chase the shiny metal at these extended levels.
Gold prices have been on a tear. Some traders are wagering the run will continue. There's been a rush into options bets that would likely pay out if prices kept rising. Trading in call options tied to one of the largest gold exchange-traded funds—trades that give the right to buy shares at a given price, by a stated date—surged to an all-time high late last week.
Gold prices just wrapped up their biggest daily gain since April 2020, when panicked investors were hoarding the precious metal during the Covid market meltdown.