Markets & the Economy: True State of the Market
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Market chatter dwells on structural quirks and mechanical flows…SpaceX entering indexes, tiny flows from ‘Trump accounts’, ‘systematic’ trading triggers & leveraged ETFs.Why all the focus on noise over signals?
Add it to the ETF Line Up
New Launches: (week ending 7/10/26) a few highlights…
‘There may be blood’…BlackRock expands access to Innovative Co’s
- IQQ~ iShares Nasdaq 100 ETF; charging 10bps vs 18bps for QQQ (the crown jewel of asset management)
QNDX from State Street also just launched less than a month ago~ Invesco has had a 27yr monopoly on the Nasdaq index…will be an interesting battle for assets
- KWH~ GMO Power Infrastructure ETF
- SFYI~ SoFI Social 50 Income ETF
- PUR~ Defiance Daily Target 2x Long PURR ETF
- WSPC~ WisdomTree Space Economy Fund
New Filings:
Elon-free ETFs filed by Subversive
- QQNE~ Nasdaq-100 Ex-Elon Enterprises ETF
- SPNE~ S&P500 Ex-Elon Enterprises ETF
Defiance drops ‘hot sauce’ ETF for MANGOS
- MNGY~ Defiance 2x Daily Target MANGOS ETF
- HOT~ Defiance Hot Sauce Daily 2x Strategy ETF
Canine ETF issuer Corgi launched their July series of 9 Buffer ETFs on July 1…they now have 144 funds after listing their 1st ETF just last November
Corgi filed ’42’ daily leveraged 2x single stock ETFs
ETF Check Up:
ETF Buzz...
SPYM…renewed by a makeover (new index, new ticker, fee cut)
- SPYM is having a year, doubled assets in 12mo to $157B and just secured one of the biggest distributions
Source: Bloomberg data as of 7/10/2026
Performance numbers are as of the market close on Friday, 7/10/2026