Markets & the Economy: Market Rotation…
This content does not reflect any recommendations of Baird.
The ‘out with the new, in with the old’ trade is the rage, as investors sell tech businesses whose competitive advantage can fit on a thumb drive to buy industrials with claims on scarce physical assets
A sustainable rotation? Can the tape keep absorbing isolated volatility eruptions?
Baird in the News
Read the article: OPR and 'The Doorman Fallacy' - Jack Miller
Add it to the ETF Line Up
New Launches: (week ending 2/20) a few highlights…
- EDGX~ Global X US 500 Income Edge ETF
- EDGQ~ Global X Nasdaq 100 Income Edge ETF
- GLDN~ Nicholas Gold Income ETF
- SLVX~ Nicholas Silver Income ETF
- COPZ~ Defiance Daily 2x Long Copper ETF
- IQMM~ ProShares GENIUS Money Market ETF; hold securities that qualify as eligible reserves for stablecoins under the GENIUS Act—INSANE: saw $17b in Day One volume (multitudes beyond the all-time record for an ETF; for context IBIT did $1b and BlackRock’s ESG ETF seeded by pensions did $2b)
New Filings:
6 ETFs filed from Roundhill based on which party wins US Senate, house or presidential election this year and in 2028
Roundhills’s filing set off a prediction markets ETF race; GraniteShares & Bitwise jumping in with their own filings.
Truth Social filed Bitcoin + Ether & Cronos crypto ETFs
ETF Check Up: ETF Buzz…
Bitcoin ETFs cumulative net inflows peaked at +$63B in October 2025…Today its +$53b…
That’s NET NET +$53B in only 2 years; predictions were $5-15b in the first year.
