The first full trading week of November, the first month in the best six-month cycle for stocks, was an exciting one. Although the weekly gains will not be classified as “jaw-dropping,” U.S. stocks continued their march to record highs.
Earlier in the week, riskier assets got a lift as Republicans strengthened their majority in the House of Representatives while taking their first Senate majority in eight years. On Friday, the Labor Department said U.S. employers added 214,000 new jobs last month.
“The economy has added better than 200,000 jobs each month since February, the best such streak since 1995. It marked the 49th straight month of positive job growth, the best stretch on records back to 1939,” according to the Wall Street Journal.
With that good cheer in mind, we turn to the biggest ETF stories of the week.
Broad Market & Sector ETFs
The SEC approved Eaton Vance’s plans for a form of active non-transparent ETFs, but… [Eaton Vance Lands Active Non-Transparent Approval]
…These products have a long way to go before posing a credible threat to traditional ETFs.
Vanguard continues its spectacular pace of ETF asset gathering. [Vanguard’s ETF Asset-Gathering Dominance]
A daring call on gold miners ETFs, which was rewarded on Friday.
A surprisingly durable retail ETF. [This Retail ETF has Been a Pleasant Surprise]
Investors have ignored some of the best leveraged ETFs at exactly the wrong time.
Oil’s tumble may be creating buying opportunity in equity-based energy ETFs. [A Buying Opportunity in Energy ETFs]
Active managers keep getting crushed by passive funds. [S&P 500 ETFs are Crushing Active Managers]