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June 22, 2023
- ARK Innovation ETF was the biggest decliner yesterday after giving up 3.62% IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day yesterday (down 0.039%).
- Asia-Pacific markets are in session with varied performances.
Yesterday's market activity meant that leading equity indices in the US declined as after dropping 1.21%, Nasdaq closed at 13,500. S&P 500 shed 0.52% and closed at 4,365.69.
Trading in the US will continue today in around 12 hours time, meanwhile Asia-Pacific markets are currently mixed so far this session. European markets were down yesterday as DAX is down by 0.55%, reaching 16,023
The earnings season is coming to an end and Accenture plc Class A (Ireland) and FactSet Research Systems Inc. have release their reports.
Meanwhile, United States Building Permits (May) released Tuesday with a figure of 1.49 million, while the previous figure was 1.15 million. United States API Weekly Crude Oil Stock came out at -1.25 million, while a consensus of analysts was expecting -433,000. United States 20-Year Bond Auction released yesterday at 17:00 UTC with a figure of 4.01, while the previous figure was 3.954.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Crude Oil Inventories projected to come out at 1.87 million — worse than previous data of 7.92 million; data will be released today at 15:00 UTC.
Some optimism can drawn from the fact that United States Initial Jobless Claims is projected to outperform its last figure with 260,000. It previously stood at 262,000; data will be released today at 12:30 UTC.
Furthermore, United States Services PMI is expected tomorrow at 13:45 UTC.
While markets are generally down so far today, some assets outperformed such as ETFMG Sit Ultra Short ETF gained 0.6% to reach $48.51.
Yesterday's bearishness meant that ARK Innovation ETF lost 3.62% yesterday before closing at $42.66. IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day yesterday (down 0.039%).
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Ended yesterday's session at $25.35
With around a month of flat trade under its belt, Pointing in a similar direction, yesterday's session was more of the same — iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% to close at $25.35 yesterday.
ETFMG Sit Ultra Short ETF | Closed +0.6% at $48.51
- ETFMG Sit Ultra Short ETF hit a significant low of $47.64 around 7 months ago, but has since recovered 1.22%.
- Shareholders to attain annual dividend yield of 1.8% this year
ETFMG Sit Ultra Short ETF has recovered 1.22% since descending to a significant low of $47.64 around 7 months ago.
