📈 MainSpring ETFs

8.6.2024 | The Daily Spring

Author

Addison
August 06, 2024 • Estimated Reading Time: 6 minutes

MainSpring ETFs

Tuesday, August 6th, 2024 

Data reflects end-of-day ETF market data for Monday, August 5th, 2024
How are we feeling about Yesterday’s selloff??

How the market started the day Vs. how it ended… No turnaround

Unless you own Gold or Oil.

Daily Market Data:

Yesterday’s market was a reflection of the amount of uncertainty there is in the world. Elections, Escalations in the Middle East, Inflation/ deflation, recession? Thats a few that come to mind. Under the curtains, ISM, also known as the purchasing manager’s index, relieves some stress. Data came back better than expected for July.

Is there a fundamental issue in the market? Yesterday the VIX, a measure of volatility in the S&P spiked to its third-highest reading ever at 65.65, only a few days ago it was at 13😲.

Japan's stock market, the Nikkei 225, just had its biggest two-day drop in history!

All this… Now What? The S&P is still up over 12% YTD, and the NASDAQ is up over 13% YTD. If averages tell us anything, the market returns 8% a year, and we are up quite a bit more than that, maybe some mean reversion is normal?? Who knows but let us not forget the age-old wisdom It’s time in the market, not timing the market. 

ETF Market Snapshot:

Global ETF Market Overview:

  • Global ETF AuM

Data as of 8/2/2024

$13.11T

-0.53% since 8/5

  • Flows in ETFs

Year-to-date

$1.35T

  • Number of ETFs

    Worldwide

10936

+0.027% since 8/5

What I am reading today:

What’s Causing the Stock Market Selloff?

Investors worry that a recession is back in the cards.

www.morningstar.com/markets/whats-causing-market-selloff

Diving Into Concentrated Active Large Cap ETFs | ETF Trends

Advisors and investors that want to try to outperform can still gain some diversification benefits using concentrated ETFs.  

www.etftrends.com/core-strategies-channel/diving-concentrated-active-large-cap-etfs

Trackinsight

www.trackinsight.com/en/etf-news/israel-etfs-plummet-amid-rising-tensions-with-iran

Top and bottom ETFs of the week

Best performance, 1 week:

Worst performance, 1 week:

Most inflows, 1 week:

Most Outflows, 1 week:

Check out the ETF Tools Page, I am adding stuff daily!

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-Addison

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