Funds in Refinitiv Lipper’s Inflation-Protected Bond (TIPS) classification (including both mutual funds and ETFs) took in $305 million of net new money for the fund-flows week ended Wednesday, October 7. These results marked the group’s sixteenth straight week of net positive flows which have produced a best-ever quarterly net inflow of $13.4 billion during the third quarter. This number shattered the previous record inflow of $8.2 billion which occurred during the second quarter of 2009 (Refinitiv Lipper began tracking flows data on TIPS funds during the third quarter of 2002).

TIPS is an acronym for Treasury inflation-protected securities. As its name suggests, TIPS are a type of Treasury bond issued by the U.S. government which are designed to safeguard investors against a spike in inflation. It may seem counterintuitive that TIPS funds have prospered from a fund-flows (and performance) perspective at a time when the country is struggling to fight off a significant economic contraction and inflation is well below the Federal Reserve’s target of 2.0%, but there are reasons that explain this. First, the performance of TIPS are positively correlated to the direction of the Consumer Price Index (CPI). The CPI is a statistic that is used to gauge the direction of inflation, and this measure has increased in each of the last four months. Other contributing factors which have the potential to drive an increase in inflation include the current record-low interest rates (near zero) and the Fed’s new policy to let inflation run unimpeded over its 2% target to compensate for times of low inflation. The Fed has stated that it expects interest rates to remain unchanged at least through the end of 2023. In addition, another round of fiscal stimulus from the government and an improving labor market are other factors which could serve to heat



a group of people in a store: Joe Raedle/Getty Images


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  • Business Insider looked at the job losses and gains from February to September among industries.
  • Industries with the biggest drops in employment from February to September tended to pay lower wages, while high-wage industries were close to their pre-pandemic employment levels. 
  • This change in employment is similar to changes between February and July and February and August, showing that recovery has been slow for many industries.
  • Visit Business Insider’s homepage for more stories.

The US Bureau of Labor Statistics released its September employment figures on Friday. Although 661,000 jobs were added last month, many industries are still below their pre-pandemic employment levels.

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The recovery since major drops in the spring has not been equal across sectors. The economic recovery in the US instead seems to look more like a K, where more affluent Americans are recovering faster than others. The Washington Post wrote that white-collar jobs have mainly rebounded from their job losses.

To get a sense of the unequal recovery in the summer, Business Insider looked at the percent change in employment in detailed industries from February 2020 to September 2020, along with pre-pandemic wages from the Bureau of Labor Statistics’ May 2019 estimates. 

The following chart highlights the differences in industries returning to pre-pandemic employment levels. Based on the chart, a few subsectors that typically pay more are already back or close to their pre-pandemic levels, such as securities and other financial investments. Low-paying jobs tend to still be below their pre-pandemic levels. 

Jay Denton, senior vice president of business intelligence and chief innovation officer at ThinkWhy, told Business Insider that although retail overall seems to be one of the industries recovering well, the subsectors show that recovery is unequal. For instance, employment in clothing and clothing accessory

Internet Money, the L.A. producer collective co-founded by Taz Taylor and Nick Mira, lead this month’s Breakthrough 25 Chart after the success of their collaborative debut album, B4 the Storm.

From August to September, Internet Money gained over 21 million on-demand audio streams. B4 the Storm has been a massive streaming success, debuting at Number Eight on the RS 200, while the “Lemonade,” featuring Don Toliver, Gunna and Nav, is currently in the top five on the songs chart.  

The rest of the Top Five belong to artists who broke through on TikTok. In second is R&B singer Vedo, whose TikTok hit “You Got It” reached Number 56 on the RS 100, followed by “Lets Link” rapper WhoHeem. “Mad at Disney” singer Salem Ilese and indie artist Ritt Momney, who put a new spin on Corinne Bailey Rae’s “Put Your Records On,” round out the top five. 

The Rolling Stone Breakthrough 25 chart ranks the artists who are seeing the greatest gains each month in audio streams. It does not include passive listening, such as terrestrial radio or digital radio. Because the chart focuses on newer music, eligible artists must not have not reached the upper ranks of the charts before. Each month, Rolling Stone publishes an official version of the Breakthrough 25 chart, covering the four-week period ending with the previous Thursday. 

From a King to a GOD, Buffalo rapper Conway the Machine enters the chart at Number Seven, followed by country singer Andrew Jannakos, who had viral success with his single “Gone Too Soon.” Brooklyn drill rapper Bizzy Banks debuts at Number 10 after releasing his debut mixtape GMTO, Vol. 1 (Get Money Take Over). Other notable debuts include Chicago rapper Lil Eazzyy, Brooklyn indie rocker Sir Chloe and producer Jawsh 685, whose collaboration with Jason Derulo,

Gold mining exchange-traded funds (ETFs) continued their recent move higher from chart support Tuesday after Wells Fargo made bullish remarks about the yellow metal. The bank’s head of real asset strategy John LaForge told investors that gold prices remain backed by favorable fundamentals, such as accommodative monetary policy and a softer U.S. dollar. 

“The fundamental backdrop looks good. Interest rates remain low, money supplies excessive (quantitative easing), and we are doubtful that the U.S. dollar’s September rally has long legs,” LaForge wrote, per precious metals site Kitco.

Key Takeaways

  • Gold prices remain supported by favorable fundamentals, such as accommodative monetary policy and a softer U.S. dollar.
  • The Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) found buying interest near the May swing high.
  • Traders re-entered the Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG) after its price stabilized in a zone of support between $110 and $117.

The analyst said that the commodity’s retracement over the past two months was to be expected in light of its impressive run between January and early August. “Only five times since 1980 has gold seen 37%+ rallies in such a short amount of time. These types of rallies are hard to hold onto, and gold was due to cool off some,” LaForge noted.

Below, we review two of the largest leveraged gold mining ETFs and use technical analysis to identify actionable trading levels.

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT)

Created a decade ago, the Direxion Daily Gold Miners Index Bull 2X Shares aims to return twice the daily performance of the NYSE Arca Gold Miners Index – a market-cap-weighted benchmark comprising global gold and silver mining companies. The fund, which is designed for short-term tactical trading, turns over 3.5 million shares per day on an average 0.06%

Sportsman’s Warehouse Holdings, Inc. SPWH has been struggling lately, but the selling pressure may be coming to an end soon. That is because SPWH recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.

What is a Hammer Chart Pattern?

A hammer chart pattern is a popular technical indicator that is used in candlestick charting. The hammer appears when a stock tumbles during the day, but then finds strength at some point in the session to close near or above its opening price. This forms a candlestick that resembles a hammer, and it can suggest that the market has found a low point in the stock, and that better days are ahead.

Other Factors

Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. In just the past 60 days alone 3 estimates have gone higher, compared to none lower, while the consensus estimate has also moved in the right direction.

Estimates have actually risen so much that the stock now has a Zacks Rank #1 (Strong Buy) suggesting this relatively unloved stock could be due for a breakout soon. This will be especially true if SPWH stock can build momentum from here and find a way to continue higher of off this encouraging trading development. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Sportsmans Warehouse Holdings, Inc. (SPWH):