OILZ and GASZ—snacking on oil and natural gas contango

In the past, I have been an active investor in oil via the USO ETF, but I stepped aside because of USO’s poor performance in tracking the spot price of oil.   The reason for the poor performance was not a mystery—oil futures have been in steep contango,  with the front-month price lower than subsequent delivery dates.  When USO rolls their contracts into longer-dated contracts …

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ETF Tools

Assets Under Management (AUM) ETFdb Backtest  ETFreplay Bond allocations ETF Analytics Correlation ETF Screen  ETFreplay Dividend history  Dividend Investor   Graph+data table (SPDR & iShares only) Fund Flows ETF.com General Information  ETFdb  ETF.com  ETF Screen  ETFreplay Quandl Financial Data Shares Outstanding  ETFdb Short Interest ShortSqueeze Index Tracking ETF Analytics  (tradability tab) Top Funds ETFdb Volatility ETFreplay  

Recovery from the Tech Crash v.s. the Great Recession

Since November 2009 I have been tracking the sometimes eerie day to day correspondence between the current value of SPY and its value 6 years ago.    In 2011 the market moved up strongly in the first half, a performance considerably stronger than its counterpart 6 years ago.  No double dip, no “square root.”   This has been a powerful bull market. . .. . .. . …

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XIV termination

UPDATE Credit Suisse terminated XIV due to a greater than 80% drop in its indicative value on 5-Feb-2018.  The final payout was $5.99 per share.  The last day of trading was the 15th of February 2018. In the prospectuses for  XIV, there are some disconcerting discussions about termination events. For XIV the termination event is triggered if the daily percentage drop exceeds 80%. I did …

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