Posts tagged 'SPDR'

When is the SPY ETF’s value not really its value?

Here’s a market curio for Wednesday.

The following chart shows the historical indicative net asset value (iNav) of the SPDR S&P 500 ETF versus its actual net asset value at the end of the day: Read more

The annotated flash crash diagram

Can’t wait for the SEC’s flash crash report?

Then try this alternative, from data firm, Nanex. Read more

Can an ETF collapse?

By Andrew A. Bogan, Ph.D., Brendan Connor, and Elizabeth C. Bogan, Ph.D.

Like many innovations in finance that emerge from nowhere to explode in popularity with unknown consequences, exchange-traded funds (ETFs) have gone from obscurity when they were first invented in 1993 to making up more than half of all the daily trading volume on American stock exchanges today. They also made up 70% of all the canceled trades during the Flash Crash on May 6, despite representing just 11% of listed securities in the United States, suggesting that ETFs remain poorly understood by both investors and regulators. Read more

Soros’s bubble buy

It’s just as well that George Soros has a philosophy (as the Wall Street Journal reminds us) of spotting a bubble and buying it, as he puts it.

When it comes to gold, which he famously described at the recent World Economic Forum in Davos as “the ultimate asset bubble”, he has indeed put his money where his yellow metal is. Read more

Together we fall, together we rise

We know correlations between sectors and asset classes have been intensifying across markets. What we find really interesting, however, is just how dramatic those correlations now appear.

As Don Fishback over at Minyanville points out (our emphasis): Read more