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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 ...
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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 ...
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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 ...
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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 ...
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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. ...
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Bond Yields, Interest Costs & Political Dysfunction Are Smashing The Fiscal
Tailwind:
Oct 4, 2023 ... DRAIN BANK STOCKS CONTINUE TO STRUGGLE 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 Bank Reserves, % of Nominal GDP 55 65 75 85 95 105 115 125 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 KRE Regional Bank ETF Relative to the S&P 500 (100 = 12/31/21) In the fall of 2019, as QT was in place, bank reserves fell below 8% of nominal GDP. The Fed believes that factor contributed to the seizing of the Repo market. ...
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Volumes & VIX Don't Reflect Panic:
Oct 4, 2023 What we haven't observed is any real panic in equities - the VIX remains sub-20 and as my colleague Todd Sohn has noted volumes into the inverse ETFs are ... 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 Please Do Not Redistribute 3 10/4/2023 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. ...
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Bond ETF Volumes Panicky, But Is The Volatility Worth It?:
Oct 3, 2023 Please Do Not Redistribute See Appendix for Important Disclosures ETF Research Tuesday, October 3, 2023 Strategas ETF Research Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com BOND ETF VOLUMES PANICKY, BUT IS THE VOLATILITY WORTH IT? Long duration Treasuries (e.g. TLT) are seemingly the center of attention now with last week's TLT trading posting the 4 th largest $ volume in history. Rates are now pushing levels when there was roughly $30 Bn in Fixed Income ETF AUM and ...
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Quarterly Review In Charts:
Oct 2, 2023 ... 56% 31% 59% 36% International 44% 25% 41% 24% 100% 56% 100% 60% Strategas Portfolio Exposures Dev AC Core 35% 20% 30% 18% iShares MSCI EAFE Core ETF (IEFA) US LC Value 26% 15% 19% 11% iShares S&P 500 Value ETF (IVE) US LC Core 10% 6% 15% 9% iShares S&P 500 Core ETF (IVV) EM AC Core 9% 5% 11% 7% iShares MSCI EM Core ETF (IEMG) US LC Growth 9% 5% 18% 11% iShares S&P 500 Growth ETF (IVW) US MC Value 8% 4% 3% 2% iShares S&P Mid-Cap 400 Value ETF (IJJ) US SC Core 2% 1% 1% ...
| Author: |
Jason De Sena Trennert (212) 906-0133 jtrennert@strategasrp.com
Nicholas Bohnsack (212) 906-0132 nbohnsack@strategasrp.com
Don Rissmiller (212) 906-0134 drissmiller@strategasrp.com
Daniel Clifton (202) 290-8262 dclifton@strategasrp.com
Chris Verrone, CMT (212) 906-0135 cverrone@strategasrp.com
Tom Tzitzouris (202) 223-7646 ttzitzouris@strategasrp.com |
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DC Weekly Update:
Sep 29, 2023 ... Andy Kim (D-NJ) said that he would run for Menendez's seat in 2024. 45 55 65 75 85 95 105 115 Aug '22 Sep '22 Oct '22 Nov '22Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23 Sep '23 Indexed Performance: Strategas Cannabis Basket, S&P 500 & ETFMG Alt Harvest ETF MJ ETF S&P 500 Cannabis Basket 9/30/2023 www.strategasrp.com PLEASE DO NOT REDISTRIBUTE 4 California Senator Dianne Feinstein (D) passed away. Governor Newsom (D) will appoint her successor who ...
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