📈 MainSpring ETFs

8.5.2024 | The Daily Spring

Author

Addison
August 05, 2024 • Estimated Reading Time: 5 minutes

MainSpring ETFs

Monday , August 5th, 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!!

Sunday night, overnight futures markets are not liking the uncertianty going forward. If you were hoping for a rebound this morning, the market now needs to overcome a larger hurdle.

As I check MarketWatch this morning….. Now this is something I have not seen in a long time. I guess we will sit back and parse out whether this dip is for buying 🤞 or for crying 😢 .

Global ETF Market Overview:

  • Global ETF AuM

Data as of 8/2/2024

$13.18T

-0.83% since 7/29

  • Flows in ETFs

Year-to-date

$1.35T

  • Number of ETFs

    Worldwide

10933

+0.064% since 7/29

Nobody was save from Fridays selloff.

Unless you hold Bond ETFs. Now this is something we havent seen in awhile.

What I am reading today:

ETF Debuts in July Hit 2024 High as Assets Climb

ETF openings in July reached a year-to-date peak, while closures remained low amid record inflows.

www.etf.com/sections/news/etf-debuts-july-hit-2024-high-assets-climb

ETF Comparison: Vanguard Dividend Appreciation ETF (VIG) Versus Vanguard High Dividend Yield ETF (VYM)

Here’s how this low-cost dividend duo from Vanguard stack up head-to-head.

Top and bottom ETFs of the week

Best performance, 1 week:

Worst performance, 1 week:

Most inflows, 1 week:

Most Outflows, 1 week:

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-Addison

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