Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

1st Quarter | 2021

Market insights and analysis

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Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

Last week, gold prices challenged the $1,800-per-ounce level, hitting $1,788.00 per ounce before retracing to the $1,700-per-ounce support level.

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March ETF Deathwatch contains 399 zombie ETFs and ETNs.

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The major stock market indexes finished substantially higher last week. The Dow Jones Industrial Average gained 12.7%, the S&P 500 Index rose 12.1%, the NASDAQ Composite rallied 10.6%, and the Russell 2000 small-capitalization index bested all of the other indexes with an 18.5% gain. The 10-year Treasury bond yield rose 12 basis points, sending Treasury bonds generally lower. Last week, spot gold closed higher at $1,683.63, up $62.92 per ounce, or 3.9%.

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When I was a kid, it seemed that Good Friday afternoon was always the same. The spring sunshine of the morning would be transformed into a cloudy afternoon. This Good Friday was no exception. Yet, as I sat looking out from my backyard deck on Friday afternoon, a small patch of blue sky stood out, like a turquoise broach pinned to a cable-knit sweater of multiple shades of gray.

Last week, gold prices hit a seven-year high, breaking through the $1,700-per-ounce level and closing at $1,752.80 per ounce—a gain of more than $100 per ounce (see the following chart).