Markets & the Economy: ‘Nowhere to Hide’
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The real bear case isn’t simply that no ceasefire happens and the region remains unsettled.
It’s the chance that the market’s difficulties weren’t mainly about the energy shock but had already been surfacing since risk appetites peaked in October with late cycle stresses in credit markets, etc.
Baird in the News: There seems to be genuine momentum in the Tokenization space… Rich Lee, Head of Program Trading and Execution Strategy shared some of his thoughts
Add it to the ETF Line Up
New Launches: (week ending 3/27/26) a few highlights…
- PRTO~ RCN Pareto Strategic Allocation ETF
- NYSX~ Global X NYSE 100 ETF
New Filings:
CoinShares files for a Bitcoin Volatility ETF ~ CBIX
New filing for the Cryptex Digital Market Cap ETF~ BAGZ (looking to hold 30-ish cryptos directly)
$1.7T asset manager Franklin Templeton partnering w Ondo to offer token basket Franklin ETFs~ think of this as a new distribution channel…will arrangements like this help full securities tokenization?
ETF Check Up:
ETF Buzz...
ETFs now account for 37% of total US stock market volume, the highest monthly average on record…
- This percentage has soared +13 points since the start of 2025
- This also surpasses the previous peaks of ~36% during the 2020 pandemic crash and ~36% in late 2018.
- Many conclude that Institutional investors are increasingly using ETFs as the primary tool for hedging, shorting, or reducing exposure to the broader market, rather than selling individual stocks.
