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Markets & the Economy: “Peak” Uncertainty

This content does not reflect any recommendations of Baird.

A growth scare, messy exit from mega-cap tech & trade-policy aggression causing a market leadership crisis. Has the confidence crash & 10+% correction priced enough in?

Add it to the ETF Line Up

New Launches: (week ending 4/3) a few highlights

  • RGTX~ Defiance Daily Target 2X Long RGTI ETF
  • SMCZ~ Defiance Daily Target 2X Short SMCI ETF
  • GLDY~ Defiance Gold Enhanced Options Income ETF
  • CHPY~ YieldMax Semi Portfolio Option Income ETF

New Tema Large Cap ETF that focuses on historical weight to combat concentration risk~ DSPY (Tema SP500 Historical Weight ETF)

New Filings: Texas, Grayscale

Hey y’all iShares filed for a new Texas ETF; tracks the Russell Texas Equity Index, composed of Co’s headquartered in the state of Texas

Grayscale filed for a Digital Large Cap ETF; holds btc, eth, xrp, sol and ada

ETF Check Up: FlowShow, US Exports

ETF Buzz...

Screenshot: Long-term Treasury ETF performance

Nice look at Exports to the US by country= bad timing for the new Iceland ETF (GLCR) which just landed on 3/27, down 5% to start life as of 3/25/25.

Screenshot: Exports to the US by EU country % of GDP, 2023