^{Friday, August 30th, 2024} 

Data reflects end-of-day ETF market data for Thursday, August 29th, 2024

Upcoming Economic Events: 

🗓️ The week ahead: Market Watch Economic Calendar

📅 Friday, Aug 30

• Personal income (nominal) - Forecast: 0.2% | Previous: 0.2%

• Personal spending (nominal)- Forecast: 0.5% | Previous: 0.3%

• PCE index - Forecast: 0.2% | Previous: 0.1%

• PCE (year-over-year) - Forecast: 2.5% | Previous: 2.5%

• Core PCE index - Forecast: 0.2% | Previous: 0.2%

• Core PCE (year-over-year) - Forecast: 2.7% | Previous: 2.6%

• Chicago Business Barometer (PMI) - Forecast: -- | Previous: 45.3

• Consumer sentiment (final) - Forecast: 67.8% | Previous: 67.8%

What’s happening in the markets?

• The Dow Jones Industrial Average rose 243.63 points, or 0.59%, for a fresh record close of 41,335.05. Gains in Goldman Sachs, Intel and Visa helped lift the blue-chip average to a new high. The S&P 500 ended the session just below the flatline at 5,591.96. The Nasdaq Composite slid 0.23% to end at 17,516.43.

• Artificial intelligence darling Nvidia, which fell 6.4%, weighed on the S&P 500 and the Nasdaq. In its fiscal second quarter, the AI chipmaker exceeded expectations on the top and bottom lines, but the size of the beat this time was much smaller than we’ve been seeing.

• Year to date performance of major index ETFs

  • SPY - 17.47%

  • QQQ - 14.93%

  • IWM - 9.02%

  • VOO - 17.49%

  • ONEQ - 16.85%

  • DIA - 9.83%

  • GLD - 21.85%

So far the market is heading I the right direction, all the major indices are boasting health gains, as we head into a volatile end to the year, lets keep those fingers crossed and end on a high note.

Something to ponder: An ad from 1996 that was somewhat prescient about inflation

ETF Market Heat Map 

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

📈 Best Performing ETFs, last trading period:

📉 Worst Performing ETFs, last trading period:

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:

• ARCX : SMALL Harbor Active Small Cap ETF

  Launched 8/27/2024

• KCAI : KraneShares China Alpha Index ETF

  Launched 8/27/2024

• SMHX : VanEck Fabless Semiconductor ETF

  Launched 8/27/2024

• QDVO : Amplify CWP Growth & Income ETF

  launched 8/22/2024

• SMCX : Defiance Daily Target 2x Long SMCI ETF

  launched 8/21/2024

• AVGX : Defiance Daily Target 2x Long AVGO ETF

  launched 8/21/2024

What I am reading today: