Markets & the Economy: Washout…
This content does not reflect any recommendations of Baird.
A Turbulent November market puts the onus back on the bulls to show resilience. Indexes tentatively bouncing off support after disgorging two months of gains, purging some froth, and resetting sentiment.
Various long building imbalances now in the open: K-shaped/AI centric growth, crypto as chaos agent…what does the homestretch hold?
Add it to the ETF Line Up
New Launches: (week ending 11/28) a few highlights…
- GDOG~ Grayscale Dogecoin Trust ETF; 1st spot Dogecoin-fee is 35bps but waived to 0% for first $1Bor until 3mths
- BWOW~ Bitwise Dogecoin ETF
- XRPZ~ Franklin XRP ETF
New Filings: Volatility
Another trio of 5x leveraged ETFs, two on single ETFs, and one on an index…
- 5x TLT ETF~ this would be an extremely leveraged duration ETF assuming the SEC allows it to list
- 5x XLF ETF
- 5x FAANG ETF
ETF Check Up: FlowShow
ETF Buzz…
The Great Rotation that wasn’t…here’s the % of ETF flows historically captured by US vs INTL...a slight uptick but still below the long term avg despite EFA’s best returns in a while
