|
|
Asset Allocation: October Update:
Oct 18, 2023 40 50 60 # of Alt + Commodity ETF Launches $50,000 $70,000 $90,000 $110,000 $130,000 $150,000 $170,000 $190,000 $210,000 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 Total Alternative + Commodity ETF AUM ($Mil) We have steadily ... (~$1.4 trillion) ETFs, the "Alt" space has seen a sharp increase in issuance over the past several years; nearly 60 products have been launched year-to-date. 1 Strategas manages eight global allocation portfolios using ETFs for investors ...
|
|
7 Stocks = Nearly 50% Of Large-Cap Growth Weight:
Oct 17, 2023 Please Do Not Redistribute See Appendix for Important Disclosures ETF Research Tuesday, October 17, 2023 Strategas ETF Research Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com 7 STOCKS = ... ETF holders have clearly benefitted from this change (markets are a voting mechanism after all), although we also believe it underscores the growing importance of index methodology (e.g. cap-weight, equal- weight, factor-weight). Curiously, we count some 80 or so Growth style ETFs in ...
|
|
Defense Deal Helps Jordan Inch Closer To Speakership But Still Short Votes:
Oct 17, 2023 ... $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 2017 2018 2019 2020 2021 2022 2023 SNAP Spending, Month-to-Date in October ($Mn) 6 7 8 9 10 11 12 13 14 15 16 85 90 95 100 105 110 115 120 125 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Consumer Staples ETF Relative to the S&P 500 & SNAP Food Stamps Spending Consumer Staples ETF rel SPY (Left) SNAP Spending ($BN, Right) There are a lot of reasons for Consumer Staples stocks to be underperforming (interest rates, Ozempic, etc...). ...
|
|
5 Quick Observations:
Oct 11, 2023 CAN SMALL-CAPS HOLD? Strategas Technical & Macro Research Please Do Not Redistribute 4 10/11/2023 Russell 2000 Index 50 & 200-Day MA Russell 2000 Relative S&P 500 ? If small-caps are to make a stand, it starts here. POSITIVE... INDUSTRIALS CONTINUE TO ACT WELL, FLOWS NOT A RISK Strategas ETF Research Please Do Not Redistribute 5 10/11/2023 Industrials Relative to S&P 500 Equal Weight Industrials Sector ETF Flows Rolling 40-Day Sum, $MM ✓ +2 Standard Deviations -2 Standard ...
|
|
Inflation Reduction Act & The 2024 Election:
Oct 11, 2023 ... (Left) 3.0 3.4 3.8 4.2 4.6 5.0 65 75 85 95 105 115 125 135 9/1/2022 12/1/2022 3/1/2023 6/1/2023 9/1/2023 Clean Energy ETF (ICLN) Relative to the S&P 500 & 10-Year Yield (Inverse) ICLN Relative to the S&P 500 10-Year Yield (Right, Inverted) ... '22 Oct '22 Jan '23 Apr '23 Jul '23 Oct '23 US & Non-US Companies Lobbying On Energy Tax Credits' Relative To ICLN ETF (Indexed To Date IRA Signed 100 = 8/16/2022) Non-US Lobbying Names Rel ICLN US Lobbying Names Rel ICLN S&P 500 and ...
|
|
The Speaker of the House Race:
Oct 10, 2023 ... $80.0 $90.0 $100.0 $110.0 $17.1 $17.2 $17.3 $17.4 $17.5 $17.6 $17.7 $17.8 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Commercial Bank Deposits & KRE Regional Bank ETF rel S&P 500 Banks ($TN) US Commercial Bank Deposits KRE Regional Bank ETF rel S&P 500 Banks (Right) 54 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 9/20 9/22 9/24 9/26 9/28 9/30 10/2 10/4 10/6 10/8 Betting Odds: Will the UAW Strike End By October 31st? (Kalshi) 10/10/2023 ...
|
|
Bond Market Positioning Update:
Oct 10, 2023 ... ETF VOLATILITY HAS RISEN Despite Monday being a bond market holiday, bond ETFs trade as equity instruments, and thus we have some real time data on market volatility. While volatility is elevated compared to the past year, it's not near the highest levels. At present, long duration instruments (TLT & TIP) are showing the most realized vol. 0% 25% 50% 75% 100% 0 6 12 18 24 TLT EMB LQD HYG JNK TIP IEF BND AGG MUB IEI SHY 1 Year Percentile Rank ATM Implied Volatility Bond ETF ...
|
|
A Cycle Defining Chart:
Oct 10, 2023 $203,431 $1,130,020 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 Equity ETFs Fixed Income ETFs Money Market Funds Equity ETF vs. Fixed Income ETF vs. Money Market Fund Flows Since 10/12/2022 $MM Strategas ETF Research Please Do Not Redistribute See Appendix for Important Disclosures ETF Research Tuesday, October 10, 2023 Strategas ETF Research Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com A CYCLE DEFINING CHART With the one-year anniversary of the ...
|
|
Video Slides:
Oct 6, 2023 at 18.5... seems inconsistent with panic. 3/13/23 SIVB 10/13/22 S&P Low STILL NO URGENCY OR PANIC FROM THE INVERSE ETF VOLUMES Strategas Technical & Macro Research 6 10/6/2023 S&P 500 50 & 200-Day MA QQQ 50 & 200-Day MA Just don't see the type of stress through the inverse ETF volumes that was present in March. ... MASSIVE VOLUME IN HYG THIS WEEK Strategas Technical & Macro Research 8 10/6/2023 High Yield ETF - HYG 50 & 200-Day MA Daily Volume 139mm Shares 6m avg. is 35mm ...
|
|
The Curse of Tucker's Point?:
Oct 6, 2023 ... CHK Chesapeake -1.9% BAESY BAE Systems 42.1% PRGO Perrigo -7.5% EUFN Europe Financials ETF 41.8% DVN Devon Energy -15.4% SGRY Surgery Partners 25.0% AR Antero Resources -16.9% SPY S&P 500 ETF 21.6% PFE Pfizer -21.1% ABBV AbbVie 15.5% TFC Truist Financial -30.3% OXY Occidental 6.7% WOLF Wolfspeed -63.1% BAYRY Bayer AG 6.6% Investment Idea Tucker's Point 2022 Ideas Investment Idea varied nature of the investors in attendance - growth, value, fixed income, macro, long and short. ...
|
|
|