Markets & the Economy: Rally Mode?
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Market back to the April 2nd low, traders keying on the ‘upside risk’ of steady tariff backtracking that could, maybe, prevent the ugly survey trends from spilling into hard macro data. Is the rally back, intact & lasting?
Add it to the ETF Line Up
New Launches: (week ending 5/2) a few highlights…
- BCOR~ Grayscale Bitcoin Adopters ETF
- LITL~ Simplify Piper Sander US Small Cap PLUS Income ETF
- MST~ Defiance Leveraged Long + Income MSTR ETF; good volume on day around $3M
New Filings: ESG, iShares
An ESG ETF filed in the US; it’s almost like an endangered species at this point- nothing but closures for 2 years now
- IQSZ~ Invesco Global Equity Net Zero ETF
iShares files for 2 new active ETFs
- iShares Infrastructure Active ETF
- iShares International Equity Factor Rotation
ETF Check Up: Flow Down, Bitcoin, VOO
ETF Buzz…
Despite market volatility, ETF issuers on pace to blow away annual record for new launches…
- Currently averaging 75/month
- And if ETF share class structure approved, 75/MTh may look like child’s play
What a visual!
- Shows btc ETF access across top wealth management platforms
- And spot btc ETFs still broke industry launch records
Vanguard SP 500 ETF~ VOO w nearly $21B inflow in April
- Most in its 15yr history & 5th largest amount ever taken in by a fund on a monthly basis
