October was respectable for the broader market. The S&P 500, the Dow Jones and the Nasdaq gaine
October was respectable for the broader market. The S&P 500, the Dow Jones and the Nasdaq gained within the vary of 0.2% to three% up to now month (as of Oct 25, 2019). Indicators of some progress within the U.S.-China commerce relation, Brexit doldrums, oil worth rally and combined earnings pulled the stings of the market motion.
Under we spotlight a number of high and flop ETF areas of the month of October.
Finest ETFs
Delivery
Very massive crude carriers (VLCC) charges have spiked to all-time highs in October. The explanations being Trump administration’s imposition of sanctions on sure Chinese language tanker corporations, together with Cosco (Dalian), on Sep 25. Notably, these sanctions had been levied for carrying crude to China from Iran.
Plus, Platts Analytics expects about 60 VLCCs to maneuver to dry docks within the fourth quarter forward of the implementation of IMO 2020 laws. Every scrubber set up requires round one month. In consequence, Claymore/Delta World Delivery SEA gained about 10% up to now month (learn: SEA ETF in Focus…