📈 MainSpring ETFs

8.9.2024 | The Morning Spring

Author

Addison
August 09, 2024 • Estimated Reading Time: 7 minutes

Good Morning

Thursday, August 9th, 2024 

Data reflects end-of-day ETF market data for Thursday, August 8th, 2024

Upcoming Economic Events:

  • 📅 Aug 13, NFIB optimism index | 6 AM EST. Period: July, Previous: 91.5

  • 📅 Aug 13, Producer price index | 8:30 AM EST. Period: July, Previous: 0.2%

  • 📅 Aug 14, CPI (Inflation) Report | 08:30 AM Eastern Time. Report for July 2024.

  • 📅 Aug 29, GDP Second Estimate | 08:30 AM Eastern Time. Estimate for Q2 2024.

Daily Market Data:

Key points:

  • Main U.S. indexes rally: Nasdaq 100 leads, up ~1.7%

  • All S&P sectors were higher on the day

  • Initial jobless claims 233k vs 240k estimate

  • Euro STOXX 600 index down ~0.2%

  • Dollar, crude up; gold up >1%; bitcoin up ~4.6%

  • U.S. 10-Year Treasury yield edges up to ~3.99%

  • S&P 500 RISES 2.3% IN THE BIGGEST ONE-DAY GAIN SINCE NOVEMBER 2022 

    • Monday was the S&P 500's biggest one-day loss since September 2022

    • Thursday was the S&P 500's biggest one-day gain since November 2022

  • Bitcoin ETFs back to inflows on Wednesday, after two days of very mild outflows representing just 0.5% of total aum, meaning 99.5% of the money hung tough in the face of a -14% Monday and -21% week. $IBIT saw no money leave, yet traded $5b, a total freak.

  • Jobless claims. Initial claims dropped 17k from an upwardly revised 250k to 233k (vs. 240k est), alleviating concerns stemming from last week's jump. Continuing claims, however, rose further to the highest since November 2021.

  • U.S. Treasury yields rose after weak demand for a $42 billion 10-year auction, pushing the yield to 3.96%. Two-year yields remained stable at 3.9910%.

  • The 30-year auction was also a flop on weak demand.

    • Both US Treasury auction for debt suggests yields are heading higher.

Current Fear & Greed Sentiment:

ETF Market Snapshot:

Global ETF Market Overview: 

Global ETF AuM

Data as of 8/2/2024

$12.26T

-0.24% since 8/8

Flows in ETFs

Year-to-date

+$739.51B

-0.67% since 8/8

Number of ETFs

Worldwide

10954

+0.155% since 8/8

ETF (>$1B) Market Advancers / Decliners:

Top Leveraged ETF Performers on 8/6/2024:

What I am reading today:

Why You Shouldn’t Rebuff Buffer ETFs | ETF Trends

VettaFi discusses defined outcome and buffer ETFs.

www.etftrends.com/etf-education-channel/why-you-shouldnt-rebuff-buffer-etfs

JPMorgan AM introduces Fundamental Data Science ETF Suite

Fundamental Data Science ETF Suite is now available on the Nasdaq through JPMorgan Asset Management.

finance.yahoo.com/news/jpmorgan-am-introduces-fundamental-data-113508881.html

These 4 ETFs Won the Market Sell-Off Monday | ETF Trends

The market sell-off Monday set investors alight, with four particular ETFs seeing a big spike in trading volume relative to their averages.

www.etftrends.com/innovative-etfs-channel/these-4-etfs-won-market-selloff-monday

CAPTRUST Exceeds $1 Trillion of Total Client Assets

The company today announced a major milestone, eclipsing $1 trillion of total client assets as of June 30, 2024.

www.captrust.com/news/captrust-exceeds-1-trillion-dollars/?utm_campaign=2024+Editorial&utm_content=LinkedIn&utm_medium=social&utm_source=LinkedIn

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:

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-Addison

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