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📈 MainSpring ETFs

📈 MainSpring ETFs

8.2.2024 | The Daily Spring

Addison
August 02, 2024 • Estimated Reading Time: 4 minutes

MainSpring ETFs

^{Friday, August 2nd, 2024}

^{Data reflects end-of-day ETF market data for Friday, August 2nd, 2024}

Daily Market Data:

A double Whammy! Friday was just as ugly as the prior day, and the employment data had a lot to do with it.

The Unemployment rate (UE) ticked up to 4.3%, from 4.1%, a big move. Like I mentioned yesterday, bad news is now back to being bad news. This jump in UE triggered the Sahm Rule, which is a recession indicator. This gets triggered when the 3-month moving average in the UE rate reaches 0.5% above the low in the last 12 months.

Don’t worry too much, this is just one data point. Remember the stock market reached an all time high, just 3 weeks ago.

Don’t Forget to HAVE A GREAT DAY!!

ETF Launches Today: No New ETFs Today!

Global ETF Market Overview:

Global ETF AuM

_{Data as of 7/26/2024}

$13.29T

Flows in ETFs

Year-to-date

+$719.44B

Number of ETFs
Worldwide

10926

ETF Tools to help you make better decisions.

You may not realize how much overlap there is between the ETFs you own. Why buy multiple ETFs for diversification, only to find out they all own the same few stocks? Check out this FREE ETF overlapping Tool.

_{How much A.I. do you own?}

SPY & QQQ Overlapping Holdings Example.

Ranking Notable ETF's by Performance per Year

The beauty of the ETF community is the inherent meritocracy, numbers done lie. Within r/ETF user u/g_vfx_art spent a long weekend compiling long term trailing returns for popular ETFs, check out his post here.