ETF

FCG: Negative Alpha Ahead In Natural Gas (Archive)

Bearish multi-factor thesis on FCG, with weakening fundamentals, volumes, and technicals.

NETL: Play The E-Commerce Boom Via Real Estate (Archive)

Play the e-commerce boom through warehouses, not just online retailers.

MLPX, AMZA: No More Alpha On Mid-Stream O&G (Archive)

Midstream O&G ETFs face subdued demand and I now rate MLPX and AMZA ‘hold’.

SCHD: The Alpha Party Is Over (Archive)

SCHD is less defensive than many dividend investors might initially assume.

VHT: You Won't Get Defensive Healthcare Exposure Here (Archive)

VHT’s pharma and biotech tilt undermines its typical defensive healthcare profile.

KARS: EVs Are Accelerating (Archive)

KARS gives diversified exposure to the EV value chain without overweight Tesla risk.

CIBR: Enterprises Are Not Prioritizing Cybersecurity (Archive)

Cybersecurity tailwinds strong, but delayed enterprise adoption and rich valuations keep CIBR a hold.