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Markets & the Economy: Sell America or Tariff Turnaround

This content does not reflect any recommendations of Baird.

Global markets opened last week in turmoil. Headlines focused on renewed geopolitical tension after Trump threatened tariffs on Europe tied to a controversial push involving Greenland…. Was the market selloff really about Japan and NOT Greenland?

Bears ended the week staring down a ‘relief rip’! Is it time once again for stocks to surge?

Add it to the ETF Line Up

New Launches: (week ending 1/23) a few highlights…

  • MEMY~ Tuttle Meme Stock Income Blast ETF; invests in 15 to 30 meme stocks
  • LNOK~ Defiance Daily Target 2x Long NOK ETF
  • ISBG~ Income STKd 1x Bitcoin & 1x Gold Premium ETF
  • TDOG~ 21Shares Dogecoin ETF

New Filings:

Military Industrial complex ETF Filed

  • DUTY~ US Defense ETF; sub advised by Tidal

ETF Check Up: Flowshow
ETF Buzz…

Chart showing 77% of advisors prefer crypto ETFs, with smaller shares choosing coins, mutual funds, hedge funds, or SMAs.

Emerging markets ETFs have seen a record month of inflows in the 1st two weeks of January…this coming off a monster Q4 and the fact that 72 different ETFs have taken in cash with IEMG and EEM at the top of the list

Chart shows emerging‑markets fund flows with a sharp rise to the highest level in late 2025.
Bloomberg