Markets & the Economy: Topping Out or Running Hot?
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The market’s rising on an array of classic favorable drivers: Fast-rising earnings forecasts, semiconductor leadership, lots of independent movement among stocks and drum tight credit spreads.
When does a pileup of positives become too much of a good thing?
Add it to the ETF Line Up
New Launches: (week ending 6/12) a few highlights…
- SPCL~ Defiance Daily 2x Space ETF; 1st and only US ETF w 2x Space X exposure on IPO day
- MUZ~ Defiance Daily Target 2x Short MU ETF
- QTUP~ Defiance Long Pure Quantum ETF
- AQLG~ HCM Large Cap Growth ETF
- GEQ~ Cambria Global EW 2 ETF
New Filings:
Hedgeye filing for a Hedged Bitcoin ETF~ HBIT; invests in Bitcoin ETF along w call options to manage downside risk and generate income
Roundhill with a LLM ETF filing
6 new ETFs filed: AI, Memory, EM and GPUs
ETF Check Up:
ETF Buzz…
Nice look at the additions to the SP500 by year and the avg age of the Co’s…Last year the avg co. that got added was 23yrs old!
A NEW KING: Vanguard has officially overtaken BlackRock in US ETF Assets w $4.39T vs $4.36T…ending a 23yr reign since BLK knocked off State Street in 2003 who was king 10yrs before that
