📈 MainSpring ETFs-

9.20.2024 | Daily ETF Market Morning Spring

Author

Addison
September 20, 2024 ‱ Estimated Reading Time: 9 minutes

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Friday, September 20th, 2024  

Good morning investors, Happy Friday

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Data reflects end-of-day ETF market data for Thursday, September 19th, 2024
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Nothing is happening today in the macro world other than the Bank of Japan’s rate announcement. All the market has to do now is digest wtf a 50-point cut means. This Fed meeting felt different, I cannot recall a time when there wasn’t certainly around the Fed’s rate decision, let alone a dissent. Governor Bowman was the first dissenting FMOC (Federal Open Market Committee) governor since 2005.

This meeting felt like it was a story more about the direction of labor than the direction of inflation. This is understandable if your main goal is to avoid a recession. General trends in labor tend to build on themselves and once the labor market slips, it’s hard to bring it back into focus. Whereas if inflation comes back the Fed has tools to lessen its wake.

If you did not watch/ listen to Jerome Powell’s presser after the rate announcement, please do so here.

The market needed 18 hours to figure out that this cut was fuel, so ignite they did. ATH across the board. With a record amount of capital sitting in money market funds, this money will slowly bleed out in search of better returns. As the rates these accounts offer cannot sustain, the market posting new ATHs looks like a safe bet.

What’s going on in the pond?

What I am reading today:

These are things I have found interesting, novel, or educational. Popular sites include TrackInsight, ETF.com, Bloomberg & ETF Trends

Bloomberg - Microsoft’s AI Power Needs Prompt Revival of Three Mile Island Nuclear Plant

Constellation to invest $1.6 billion to restart dormant reactor as data-center power demand surges.

www.bloomberg.com/news/articles/2024-09-20/microsoft-s-ai-power-needs-prompt-revival-of-three-mile-island-nuclear-plant?sref=vuYGislZ

Virtus and BondBloxx join SSGA in private credit ETF queue

All three managers have filed for private markets retail funds within days of each other

www.ft.com/content/a77e50f0-ac8c-47b6-8f65-9ea7b4e3256e

Bloomberg - How Josh Brown Created a Financial Media Empire

www.bloomberg.com/news/articles/2024-09-16/how-josh-brown-created-a-financial-media-empire?srnd=oddlots&sref=vuYGislZ&embedded-checkout=true

Why Advisors (and Family Offices) Should Consider Creating their Own ETFs - ETF Architect

We are on a mission to lower barriers to entry in the ETF market by delivering a low-cost, high-quality, turnkey solution. Via our EA Series Trust, we partner with fund managers (hedge, mutual, SMA) as well as registered investment advisors (RIAs) and family offices who want to leverage the material tax and operational efficiencies of the ETF structure. %

etfarchitect.com/why-advisors-and-family-offices-should-consider-creating-their-own-etfs

Guide to ETFs

Your single source for timely, unbiased insights into the fast-growing world of exchange traded funds.

am.jpmorgan.com/us/en/asset-management/per/insights/etf-insights/guide-to-etfs

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.

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