A guest on CNBC's Street Signs yesterday was speaking about luxury goods and mentioned that investors can play the market with the Robb Report Global Luxury Index ETF (ROB). As shown below, the ROB ETF has done extremely well since the March lows, gaining 119% versus the S&P 500's gain of 58%. Going back to the start of the bear market in October 2007, however, ROB is still down 34.2% versus the S&P 500's decline of 31.7%. So while luxury has made a strong comeback this year, it is still down compared to the entire market over the last two years.
The most interesting aspect about ROB yesterday was the big increase in volume that the ETF saw. For an ETF that typically trades less than 4,000 shares a day, ROB traded 49,000 shares yesterday, which is a pretty big spike even when factoring in the mention on CNBC. It's just a little bit suspicious that almost all of the big volume came between 1:00 PM and 1:30 PM, which is about an hour before the segment ran on Street Signs at about 2:30 PM.