ETF & Mutual Fund Watchlist for February 27, 2019

Equities are positioned to achieve a 10th straight week of gains. The Nasdaq was the best performing index over the past week.

Since bottoming in December, the Russell 2000 has rebounded 24 percent.

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Technology was the best performing sector over the past week. Utilities and industrials have also increased.

Large-cap companies have driven technology gains, including Microsoft (MSFT), Cisco (CSCO), Intel (INTC) and International Business Machines (IBM).

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Biotechnology shares jumped after Roche acquired Spark Therapeutics (ONCE) for a 120 percent mark-up. Healthcare providers including UnitedHealth Group (UNH) and Humana (HUM) are down today.

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Chinese shares lifted emerging markets due to an anticipated trade deal.

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Floating-rate and high yield bonds have outperformed. Investment grade and corporate bonds are flat.

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The yield curve has tightened at the short end with the 5-year yield falling below the 2-year yield and the 5-year yield matching the 3-month yield. The spread between the 30-year, 10-year and 5-year yields is widening.

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One of the strongest subsectors of the market this year has been solar and clean energy. Invesco Solar (TAN) has rallied near its 52-week high. Invesco WilderHill Clean Energy (PBW) has hit a 4-year high.

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