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Markets & the Economy: Reality Check…

This content does not reflect any recommendations of Baird.

Is this market 2022?
Is it 1999?
Or is it something different?

Many see plenty of echoes: retail investors feeling empowered again, narrow market leadership, and technology becoming an even larger part of the index…

Add it to the ETF Line Up

New Launches: (week ending 6/26/26) a few highlights… 

  • IINC~ Alki Consolidated Income ETF
  • DRAL~ Defiance Daily Target 2x Long DRAM ETF
  • RMHY~ Global X Adaptive Risk Managed Yield ETF
  • QNDX~ State Street SPDR PRTFO Nasdaq 100 ETF~ coming in w 10bps fee undercutting QQQ and QQQM

Invesco has basically had a monopoly on Nasdaq 100 ETFs; 1st real competition and iShares also launching a product soon

New Filings:

Another attempt at a new buzzword to account for the new hot shot IPOs…

  • ProShares FAB 10 ETF; The FAB 10 which is Mag 7 + OpenAI, SpaceX and Anthropic~ this comes on the heels of the MANGOS

2 new ETFs filed that invest dividends into Bitcoin

  • Franklin US Equity Bitcoin DRIP Index ETF
  • Franklin US Innovation Bitcoin DRIP Index ETF

Another SpaceX ETF filed: Defiance S&P Accelerator ETF; Invests in SP500 stocks ‘and’ a basket of US stocks that will potentially be included in the SP500

ETF Check Up:

ETF Buzz…

ETF Buzz for July 1 2026

Source: Bloomberg data as of 6/26/2026
Performance numbers are as of the market close on Friday, 6/26/2026