Markets & the Economy: A Market Divided~ Rally On or Rally Off…
This content does not reflect any recommendations of Baird.
The furious reversal rally in the stock market has the SP500 carving out a rare technical formation called “The Bollinger Bands are Drunk…” Is this market’s bullishness justified?
Add it to the ETF Line Up
New Launches: (week ending 4/24) a few highlights…
- RISE~ Pictet Emerging Markets Rising Economies ETF
- EMFI~ Pictet Emerging Markets Debt ETF
- BESO~ GSR Crypto Core ETF; their 1st ETF-actively managed and invests across Bitcoin, Ether, and Solana
New Filings:
New filing for an AI Resilience ETF by Defiance…
New filing for a bunch of Predictive Moonshot Target (Year & Price) that give binary outcomes on different stocks, bitcoin, ether, gold, etc… (these follow the prediction mkt election ETFs filed a month ago)
ETF Check Up
DRAM hits $1B in AUM in the 1st 10 days since launch…
- For context, here’s the 4 biggest theme ETFs and how long it took each to hit $1B: PAVE (1000 days), AIQ (1500 days), IGF (1800 days), GRID (3000 days)
Hedge Funds have drastically increased their long positioning in ETFs~ here’s what that growth looks like via 13F filings
Milestone Watch: VOO is now at $913B…
- Mind-blowing considering it had $595b only 12mo ago~ that’s 1.25b a day in aum
- Based on this pace it’s scheduled to become the first ETF ever to hit $1T in assets on August 1st
- Also, amazing that it only passed SPY about a year ago and it’s already 25% bigger
