Public Publication Content

Oversold but still defensive in April

|

Month-to-date, there have been large outflows from Financial (XLF), Nasdaq 100 (QQQ) and Treasury TIPs (TIP). The iShares 20+ Year Treasury Bond (TLT) stood out for three reasons: it is up 8% since April 19, the $760M inflow month-to-date follows a record monthly inflow for March, and it is reversing from more than 2 std dev oversold. Tempering our enthusiasm for a large TLT rebound is the Fed tightening cycle.

Ned Davis Research | ETF Selection | Highlights | Weekly

While you wait, explore additional NDR research and solutions.

Institutional Investors

Custom Research

Wealth Managers

Stock Selection

ETF Selection

HubSpot Form for Publications