FEZ is one of my income plays. Nice steady divided just below 3% and that’s not counting a credit for foreign taxes paid which lowers my tax bill.
SPY actually pays higher yield though. And it’s up 20% over the last 5 years while FEZ is down. That’s another datapoint how Europe is lacking in the new digital economy.
ETF’s that don’t pay on a regular schedule and pay vastly different amounts each time often mess up yield algorithms. Looks like about 2.7% to me, not the 1.8% or so that SPY yields. And then there’s the tax advantage. The IRS actually pays you to own it instead of taxing you 15% on those dividends. Again, this is a yield play, not a capital gains play although Euro stocks fall in and out of favor an the cycle will turn again at some point.
https://www.nasdaq.com/market-activity/funds-and-etfs/fez/dividend-history
I know this is ZH fodder, but how can this possibly end well? Are there more people that want to own it or are they just wanting to drive the price up.
https://finance.yahoo.com/news/goldman-sachs-made-100-million-230000831.html
Reversal? DCB?
I don’t think we will have a sustained uptrend until after the election.
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Beginning of the end of selloff.
I expect at least one day pull up like DCB…Tomorrow (all guess work) due to short squeeze, never expect this will go up from here.
Uncertainty and volatility continues - as usual. This is a recession start…
Should I believe you or Jim Cramer?
Or end of the beginning of a bull run?
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Tech is up and SPY has bounced off the lows.
Is like rotating back to tech.
Correct way is: You should believe in yourself, your own analysis(EW), your own decision ! Neither me, nor Jim Cramer !!
Here you go, Market pull back is secured tomorrow as Morgan Stanley today says 20%+ correction possible. They woke up (hypocrites) after 13% nasdaq correction and warn everyone today means…
Looks like a little backtest to me. I’ll be looking to enter another short position tomorrow or Wednesday if there’s another sharp rally. Unclear if it’s beginning of a recession. I’m still very bullish as long as stimulus and liquidity from fed is in place. Fed and market needs stimulus certainty and longer it lasts without it, the worse it will be as domino will fall into place imo.
Definitely a pull upside tomorrow as both S&P and Nasdaq went 4% last 4 days, in between went to hell and came back. Most of the MM would have shorted too much and they need to buy to cover, which will happen after hours until end of day tomorrow.
Even with FED stimulus, market can go down and up - at the will of banks+other market makers - and this current drop 11.96% (Nasdaq), 9.38% (S&P) is an example.
Above all, this is the beginning of recession. I do not have any doubt as the GDP impact is already set in economy. It is like LA-SF traffic jam with multi-car accidents, the whole jobless recovery takes many years.
BTW: All are wild guesses and it can go wrong 100%.
The pace of economic activity in my area is frenetic. And yesterday I was in Phoenix with a friend who needed an eye exam. I killed some time on a car dealer lot. Talked sales and inventory with one of the salespeople. It’s going gangbusters. No more 2020 models left on the lot. Restaurants were dead though - no one wants to pay eating-out prices for take-out. Of course up North where I am there are no such restrictions and you can dine in just about anywhere. In fact a new restaurant just opened in Strawberry. And the new sushi joint in Payson is still packed.
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Already in since Mar. Are you referring to tech industry only?
Ditto for Austin. Pretty busy everywhere, however roads are not that jammed in the morning though.
Depends. Very good ones are busy.
Already three new restaurants open in my neighborhood.
Recession is “a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters”
After 30% decline in stock market, MMs artificially pumped up very well with the help of FED money! It deliberately went opposite fooling everyone as if economy is doing fine.
When everyone is comfortable, now they are reverting it back. All these exercise is to make only one thing => Retail Investors Money to go to Market Makers (Big banks/funds).
Now, stocks will settle at a place where economy and stocks are in sync, until then drop continues.
Do you think this is Kangaroo jump like what we have in Mar 24th, 2020 or Dec 26, 2018?
IMO, It is too early to call a bottom reached.
Definition. Designed to make it look like no recession ever.
Won’t have any kangaroos 
They appear only in a bear market (decline > 20% from prior ATH) marking the turn into a bull market. Decline so far is classified as a correction, 10-20% decline from the peak. Yesterday candlestick is a bullish hammer,
Collecting peanuts,
