The major indices have seen their best week of 2023 and more gains are in store from a fundamental and technical analysis perspective. We cover the stocks and ETFs to watch that could see the most upside. Plus get ready for severe weather, heatwaves, bushfires, severe thunderstorms and flooding with a list of ETFs to keep on your radar. And you need to watch Block's shares as it's poised for a rally. _________ What's happening...
_________
What's happening...
Morgan Stanley's cryptocurrency strategy team notes that when comparing $比特幣(BTC.CC)$ to other asset classes, it has positive correlations to equities, with indexes rising along with the coin.
The $SPDR 標普500指數ETF(SPY.US)$ has the closest six-month correlation with bitcoin at just above 0.3, followed by the $納斯達克綜合指數(.IXIC.US)$, right above 0.25.
It has negative correlations with the $美元指數(USDindex.FX)$, around -0.4, gold $SPDR黄金ETF(GLD.US)$, around -0.6, and the $美國10年期國債收益率(US10Y.BD)$ around -0.9.
"Below the (equity) index level, the correlations vary widely across sectors," David Adelman, Morgan Stanley director of equities strategy for the Americas writes in a note.
The top 10 most correlated subsectors are:
1. Software & Services $SPDR標普軟件與服務ETF(XSW.US)$
2. Food, Beverage $Invesco Food & Beverage ETF(PBJ.US)$ and Tobacco
3. Materials $SPDR原物料類ETF(XLB.US)$
4. Media & Entertainment $Ishares Evolved U.S. Media And Entertainment Etf(IEME.US)$
5. Commercial & Professional Services
6. Healthcare Equipment & Services $SPDR S&P Health Care Equipment ETF(XHE.US)$
7. Automobiles & Components $First Trust納斯達克全球汽車指數(CARZ.US)$
8. Diversified Financials $SPDR金融行業ETF(XLF.US)$
9. Insurance $iShares安碩美國保險ETF(IAK.US)$
10. Household & Personal Products $日常消費品精選行業指數ETF-SPDR(XLP.US)$
Bitcoin finished last week up more than 5%, while the S&P dropped 0.3%, snapping a five-week winning streak.
暫無評論