On the chart we can see a bullish pennant formation. We expect the price will increase soon. Our strategy is entering long position once the price breaks upper the resistance line. Target for long is shown on the chart.
Markets in Q2 2022 continued to suffer from entrenched inflation and aggressive rate hikes from central banks. They also reacted to the slowdown of the global economy and the increased risk of a recession in developed economies. These changing market conditions impacted equity factors differently. In this instalment of the WisdomTree Quarterly Equity Factor...
XLU, HDV and SPY performance for 2022. Defensive plays outperformed SPY so far.
$HDV has broken below the rising trend, however has bounced above the cut line. Worth watching.