PowerShares DB US Dollar Bullish ETF News

Wall Street surged to close out February with the S&P 500 and Nasdaq Composite notching their best February since 2015.

Designed to provide broad exposure to the Currency ETFs category of the market, the Invesco DB US Dollar Index Bullish ETF (UUP) is a smart beta exchange traded fund launched on 02/20/2007.

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Bitcoin has often been referred to as "digital gold." Investors have been using it as a bit of a safe-haven investment amid periods of risk and uncertainty.

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) recently hit an AUM milestone of $2 billion in assets.

This week is packed with more than 100 corporate earnings, a Federal Reserve policy meeting and the job report data that may dictate the next moves for the stock market's rally.

Wall Street was upbeat last week with the S&P 500 gaining 1.2%, the Dow Jones inching up 0.7% and the Nasdaq Composite adding 2.3%.

The US Dollar performed poorly in Q4 2023, losing over 6% against a basket of currencies.

Last week, Wall Street snapped its nine-week win streak, marking the end of their longest consecutive weekly run in the green since 2004.

Making its debut on 02/20/2007, smart beta exchange traded fund Invesco DB US Dollar Index Bullish ETF (UUP) provides investors broad exposure to the Currency ETFs category of the market.

Although the S&P 500 has offered a sturdy performance this year, a few country ETFs have beaten the S&P 500 this year.

The Federal Reserve held its benchmark interest rate steady at a range of 5.25%-5.50% on Dec 13. However, the Fed hinted at three 25-bp rate cuts next year.

With all the anticipation centered on possible interest rate cuts, the concept of targeting smart ETF choices as interest rate-proof investments seems irrational, if not outright absurd. Why go with a

Decent U.S. GDP growth, a less-hawkish Fed, upbeat holiday season sales, cheaper valuation of small-caps and potential M&A activities should drive small-cap ETFs higher in 2024.