It’s that time of year again: the Sports Illustrated Swimsuit Issue. What’s that have to do with exchange traded funds (ETFs)?
Well, not a whole lot, really. But we’re just wondering if the stampede to the newsstands will result in any change of movement in the PowerShares Dynamic Media (PBS) ETF. After all, Time Warner, Inc. (TWX) owns Sports Illustrated, and the company makes up 4.9% of the fund.
Can this year’s cover model, Marisa Miller, help send the fund above its 200-day moving average? It’s her chance to prove that standing around looking pretty actually does accomplish something.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.