Markets largely traded flat last week and continued the tug of war between optimism and pessimism. However, to kick off the final week of 2020, markets surged as President Donald Trump finally signed the $900 billion economic stimulus bill. Investors cheered the news and sent the major indices to record highs to kick off the closing week of 2020. We have reached an exciting, and potentially pivotal time in not only the markets, but also the pandemic as the year closes out. However, there is still much uncertainty and unpredictability. The outlook for 2021 is certainly positive (especially the second half of the year), but in the short-term, there could be a lot of volatility and uncertainty. The pandemic is still not over, and to date, only around over 1 million Americans have been vaccinated. A good way to manage this risk and add diversity to your portfolio is through investing in ETFs. Q.ai’s deep learning algorithms have identified several ETFs to look out for this week based on their fund flows over the last 90-days, 30-days, and 7-days. We have identified two Top Buys, two Attractives, two Neutrals, and one Unattractive this week.
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ARK Innovation ETF (ARKK)
The first Top Buy ETF for this week is the ARK Innovation ETF
ARK Genomic Revolution Multi-Sector ETF (ARKG)
The ARK Genomic Revolution Multi-Sector ETF
Invesco S&P 500 Equal Weight ETF (RSP)
The Invesco S&P 500 Equal Weight ETF
Invesco S&P 500 Quality ETF (SPHQ)
The Invesco S&P 500 Quality ETF
SPDR S&P 500 ETF Trust (SPY)
The first Neutral ETF for this week is the SPDR S&P 500 ETF Trust
Invesco QQQ Trust (QQQ)
The Invesco QQQ Trust
Invesco S&P 500 Pure Growth ETF (RPG)
The Invesco S&P 500 Pure Growth ETF
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