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8.12.2024 | The Morning Spring
Addison
August 12, 2024 • Estimated Reading Time: 7 minutes
Monday, August 12th, 2024
Data reflects end-of-day ETF market data for Friday, August 9th, 2024
Upcoming Economic Events:
🗓️ Big week ahead: Market Watch Economic Calendar
📅 Aug 12, Monthly U.S. federal budget
📅 Aug 13, NFIB optimism index & Producer price index
📅 Aug 14, CPI & Core CPI (Inflation) Report
📅 Aug 15, Initial jobless claims, Empire State manufacturing survey, Philadelphia Fed manufacturing survey, U.S. retail sales & Industrial production
📅 Aug 16, Housing starts, Building permits, Consumer sentiment & Home builder confidence index
Daily Market Brief:
The S&P 500 (SPY) made for some wild trading last week with huge intraday fluctuations. Mixed news and poor bond auctions were partially to blame, but even through all the volatility, it ended the week just about flat.
This week still has earnings on deck, but there are not many names reporting that are capable of moving the market as a whole. We do have some big releases on deck with PPI, CPI, and Retail Sales.
The first big inflation number that is due is PPI and Core PPI on Tuesday Morning. The previous read came in hotter than expected and was one of the catalysts for some of the volatility over the past several weeks.
The second inflation number of the week is due out Wednesday and that is the CPI release. Last month's releases are all lower than expected, which is typically a good sign. However, given that PPI was up last month it will be interesting to see if that bleeds over to this month's or next month's CPI reports.
Stocks were up slightly in Friday trading, also significantly higher than earlier in the week with the Nasdaq and S&P both gaining more than 0.2% on the week.
Japanese markets are closed today, Monday, August 12, 2024 local time, for observance of the Mountain Day holiday.
The holiday will mean no physical trade of US Treasuries. it'll also thin out liquidity across other markets, notably yen crosses.
Mountain Day fell on the 11th but is being observed today.
ETF Market Snapshot:
Global ETF Market Overview:
Global ETF AuM Data as of 8/2/2024 $12.47T 1.69.% since 8/9 | Flows in ETFs Year-to-date +$734.26B -0.71% since 8/9 | Number of ETFs Worldwide 10959 +0.04% since 8/9 |
ETF (>$1B) Market Advancers / Decliners:
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📈 Best Performing ETFs on Friday 8/9:
📉 Worst Performing ETFs on Friday 8/9:
Top Leveraged ETF Performers on 8/6/2024:
Top and bottom ETFs of the week
💪 Best performance, rolling 1-week returns:
💀 Worst performance, rolling 1-week returns:
➡️ Most inflows, rolling 1 week flow data:
⬅️ Most Outflows, rolling 1 week flow data:
Latest ETF Launches:
LLYX : Defiance Daily Target 2x Long LLY ETF - USD
Launched on 8/7
BABO : YieldMax BABA Option Income Strategy ETF - USD
launched on 8/7
SCDS : JPMorgan Fundamental Data Science Small Core ETF - USD
Launched on 8/7
MCDS : JPMorgan Fundamental Data Science Mid Core ETF - USD
launched on 8/7
LCDS : JPMorgan Fundamental Data Science Large Core ETF - USD
Launched on 8/7
Check out the ETF Tools Page, I am adding stuff daily!
Check out this Earings tracker Calendar. Find out who is reporting, and when… All in one place.
Deeper insight into this week’s earnings, here.
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