Poring over ETFs in search of funds that appear to be deeply discounted relative to fair value is a task that continues to reveal a commodities-heavy list. Although valuing commodities is a gray area (primarily because there are no cash flows to analyze), using a proxy for value based on trailing 5-year return points to this asset class in no uncertain terms.
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Daily Archives: April 19, 2019
Macro Briefing: 19 April 2019
Mueller report reveals dysfunctional Trump White House: Politico
Wall Street yawns over release of Mueller report: WE
Democrats consider road ahead after release of Mueller report: WSJ
Turkey looks to Trump to avoid US sanctions over Russia missile deal: Reuters
Report finds new NAFTA law would bring modest boost to US growth: CNBC
US retail sales in March post strongest monthly gain in 18 months: MW
Jobless claims in US slip to new 50-year low: CNBC
Philly Fed Index reflects slower growth in April; outlook falls to 3yr low: MW
US Composite PMI falls to 31-mo low in Apr, signaling slow growth: IHS Markit