Markets & the Economy: Go with the Flow
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The market is calm but unable to relax.
SP500 has traded within 3% of its Nov 6th, 2024 post-election close for three months. A more selective tape supported by a solid economy, facing high investor expectations and noisy policy flux. Is this churn best seen as resilience, fatigue or confusion?
Baird in the News: Approaching the Market
Rich Lee, Head of Program Trading & Execution Strategy joined Jill Malandrino on Nasdaq TradeTalks to discuss ‘Managing Risk vs. Getting Exposure to Return’
Add it to the ETF Line Up
New Launches: (week ending 2/14) a few highlights…
Vanguard expands Fixed Income lineup
- VBIL~ Vanguard 0-3 Month Treasury Bill ETF; looking to steal flows from $BIL which has $37B & charges 13bps
- VGUS~ Vanguard Ultra Short Treasury ETF
YieldMax adds to their lineup
- QDTY~ YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF
The 1st Battleshares fund is here: 2x Long Tesla, Short Ford
- ELON~ Battleshares TSLA v FORD
JP Morgan unveiled new Active ETF
- JFLI~ JPMorgan Flexible Income ETF
New Filings: Trump, AI, Alt Coins
Another Trump ETF filed, this one focused on deregulation
- FMKT~ The Free Markets ETF
Newish ETF issuer enters the ETF Terrordome!
- Wedbush IVES AI Revolution ETF
Alt Coin ETF approval odds…table below with odd and some other details:
Source: Bloomberg
ETF Check Up: Flow Show, Launches
ETZ Buzz~ January ETF Inflows
Already been 100 ETFs launched in 2025, on pace for 1000
- Record is 720 set last year, which blew away previous record of 515
Top 15 by AUM
Source: Bloomberg