ERShares In The News

Joel Shulman on Mornings with Maria discusses the merits of investing in Non-US Equity ETFs at this time. He notes that an upcoming stimulus package will generate a much needed cash infusion to the economy. However, his primary focus is on the sliding dollar and relatively low overseas valuations. Both of these characteristics make Non-US equities attractive at this time. #stimuluspackage #ERSX #stockstobuy

Joel Shulman appears on Mornings with Maria and discusses trends in the Markets. He highlights the 5% drop that Tech stocks have experienced since August 31st and compares it to the 10% rise in US Small Cap Entrepreneurial stocks as well as the 5% increase in International Entrepreneurial stocks over the same time period. He notes that the Entrepreneurs/Innovators/Disruptors in Small Cap Healthcare stocks have been the best performing category (+12%) in the past 5 weeks. He is especially bullish with International stocks over the ensuing months and describes ERShares' concept of "Intermarket Reversion" in which Markets will revert to historical patterns. By way of support, he describes the past 12 years in which US Tech stocks have consistently dominated Non US stocks and have generated close to 500% total return compared to the Shanghai index which dropped 25%. He also cites comparative differences among price-to-earnings ratios for different markets (P/E of 15 for Non US vs P/E of 37 for US companies), as well as ETF fund flows which have witnessed $20B pouring into Non US ETFs over the past two months while $5B left US ETFs in just the past week alone. He concludes with a recommendation that investors who remain in US Markets should consider shifting to Small Cap stocks, (emphasis on HealthCare) though given current US political risk and sliding dollar considerations, believes the timing is especially attractive now for Non US equities.#stimulus #globalinvesting

Joel Shulman on Mornings with Maria (Fox Business) discusses the coronavirus stimulus package and its market impact. He mentions how the markets anticipated an additional stimulus package in the near future and believes we will continue to see additional volatility pre-election. He also notes how money continues to shift offshore with $16 Billion going into Non-US equities in just the past few weeks. He ends his comments by discussing other factors that will continue to influence the markets in the near future. #covid #stimuluspackage #internationalinvesting

Joel Shulman on Mornings with Maria (Fox Business) discusses Tesla's exclusion from the S&P 500. He notes that Tesla's stock went up 12% last week based on a 5-for-1 stock split which had no economic value. He reminds everyone that this is a stock that went up 438% YTD and has a $389 billion market cap. The volume associated with the S&P is significant but this is a stock that frequently trades over $100M per day (averages approximately $78M value per day) and sometimes more than $200M per day. He mentions that the exclusion from the S&P 500 was a surprise for most investors (it would have been the 20th largest stock within the SP 500) and does have economic significance. He emphasizes that this company also announced that they will have a $5 billion secondary offering that dilutes the stock and will also cause a reduction in value. He ends his comments by reminding viewers that there are a number of factors associated with this stock that have caused the 20-25% drop from an all-time high reached a week ago (including the stock split). Tesla stock routinely moves 10% up or down in a single day and the drop pre-market of 10%+ is not a surprise.

They discuss ERShares ETF’s ENTR (Entrepreneur US Large Cap) and ERSX (Entrepreneur Non US Small Cap. The Markets are experiencing considerable movement today. Is this a buying opportunity or time to reallocate?

Joel Shulman discusses the Fed's new rate policy on Mornings with Maria. He highlights how the last 6 months have gone by without an effective monetary policy program. He reminds listeners that after the March 2020 rate cuts, monetary policy has essentially been shut down since interest rates were lowered to levels close to 0%. Since that time the Fed has become dependent on Fiscal policy alone with spending and potential tax cuts. With the Fed's new policy of gradually increasing inflation, interest rates will begin to float above and below 2%, thus bringing monetary policy slowly back into the game.

Joel Shulman on Mornings with Maria (Fox Business) discusses the growth potential of Non-US Small Cap Stocks and the strong, recent performance relative to other global benchmarks. He notes how money continues to shift offshore for the third consecutive week with this week $2.9 Billion flowing to Non US stocks. He believes the current trend will continue to reward investments in Non US Small Cap Stocks.

Joel Shulman joins Maria Bartiromo to discuss the future of technology stocks and Apple on it's way to becoming the first company ever to reach $2 Trillion in market value. He describes a “tale of two markets”- reminding viewers of the success that many companies (especially in healthcare and tech) have had over the last few months despite the ongoing Covid-19 pandemic. He mentions that more than 25 publicly traded entrepreneurial companies have averaged more than 97% gain YTD. He also notes that while many Non-U.S. markets have declined 10-15% YTD, recent evidence suggests that markets such as China and Brazil, which were up more than 10% last month are now experiencing a rebound. Shulman predicts that tech in the U.S. will continue to dominate markets going forward, but also believes more flows will move to offshore markets.

Joel Shulman joins Maria Bartiromo to discuss the approaching antitrust hearings of Amazon, Google, Facebook, and Apple- all of which will also be reporting earnings later this week. He anticipates that Google will have the most difficult time during these hearings, while Apple has generally had an easier time. He informs viewers that this will be Jeff Bezos’ first time attending these hearings, and also that large technology companies have, to date, fared well throughout the impending Covid-19 crisis. He notes that perhaps a larger concern for investors in US Markets has been the shift for funds to move off-shore. As an example, he cites last week's $2 Billion outflow from US to Non US Equity ETFs. This reversal is significant, since prior to last week $84 B has flowed into US Equity ETFs and $6 B has exited Non US Equity ETFs. He suggests this may represent an important pattern to follow.

Joel Shulman discusses the continued appreciation of technology stocks and fundamental shifts in sector rotation based on COVID. He also discusses the valuation of Tesla and the potential of a short squeeze. He believes continued stimuli will further the expansion of Capital Markets and benefit shareholders, especially in US and Non-US Small Cap stocks.