PDBC

To gain an edge, this is what you need to know today. Cooler Inflation Data Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market is breaking out above the resistance zone. The chart shows a highly unusual occurrence – RSI is at 100. This is the most extreme overbought level. The extreme overbought level indicates that either the stock market is ready for another strong up leg, or the breakout is going to fail. Sentiment is extremely positive. At extremes, sentiment is a contrary indicator. In plain English, extreme positive sentiment is

We performed a screening of medium-cap ETFs, defined as having Assets Under Management (AUM) between $2 billion and $10 billion – to determine what funds had the largest positive and negative returns on the week, according to data from etfdb.com. Only non-leveraged funds were considered. Winners ARK Innovation ETF (NYSE:ARKK) ARKK was up 18.59% on the week. The ARK Innovation ETF is Cathie Wood's flagship ETF. The fund invests in "disruptive" companies defined as those companies that introduce a technologically enabled new product or service that potentially changes the way the world works. ARKK has $6.08 billion in AUM and an expense ratio of 0.75%. The fund has holdings in 3

Inventories of aluminum, copper, nickel, and zinc, four of the main contracts traded on the London Metal Exchange, have plunged by up to 70% over the past year, as record power prices in Europe hit production and the Ukraine war threatened output from Russia, the Financial Times reports. Traders and big consumers have tapped warehouses for the material amid the booming demand as economies have recovered from pandemic lockdown restrictions and supply chain disruptions. The trend was most evident in zinc, where prices rose 2.8% on April 12 to a 16-year high of almost $4,400 a tonne. Since the start of April, available zinc stocks on the LME plunged 60,000 tonnes to a two-year low of just