ETF Quickview 3/10/2017

In Charts & Data by Michelle

Money Market remains stable in its ranking, currently at 33.

You will notice that Small & Mid-caps are losing some momentum indicating that the broader market is not as healthy as the level of the S&P may suggest. The Russell 2000 is up 0.60%, giving up most all of its gains for the year.

The Fed is due to increase interest rates on Wednesday and the market has been pricing it in the rate hike over the last few weeks; which may be the reason for the consolidation we have been in recently.

Overall we may be in a small corrective phase and it appears that a short-term pullback may be in the cards. We would see this as a buying opportunity due to the intermediate and longer-term trends are still positive.

Currently the S&P 500 L/S strategy is fully invested and the US Equity L/S strategy is still in cash.