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📈 MainSpring ETFs - The Morning Spring
8.26.2024 | Daily ETF Market Springboard
Addison
August 26, 2024 • Estimated Reading Time: 9 minutes
Monday, August 26th, 2024
Data reflects end-of-day ETF market data for Friday, August 23rd, 2024
Upcoming Economic Events:
🗓️ The week ahead: Market Watch Economic Calendar
📅 Today Monday, Aug 26
Durable-goods orders - Forecast: 4.0% | Previous: -6.7%
San Francisco Fed President Daly TV interview
What’s happening in the markets?
In an unusual Jackson Hole fashion, Fed Chair Jerome Powell delivered good news. Over the years, the Jackson Hole speech has been used as a platform for Fed Chairs to direct policy change. This time was no different, Powel seemed about as sure as ever, that rate cuts are coming!
⚠️ JUST IN:
*FED'S POWELL: 'THE TIME HAS COME FOR POLICY TO ADJUST'
*POWELL: WE DON'T SEEK OR WELCOME FURTHER LABOR MARKET COOLING
*POWELL: MY CONFIDENCE HAS GROWN THAT INFLATION IS ON PATH TO 2%
— Investing.com (@Investingcom)
2:19 PM • Aug 23, 2024
The question remains, will the Fed slowly walk into a quarter-point reduction or a half-point? I think Anna Wong, Cheif U.S. economist at Bloomberg, is spot on 🎯
What does this mean? I do not know. But, historically the initiation of rate cuts has been to ward off a recession, and in most cases was too late.
🔸First Rate Cut - Jan 3, 2001
- S&P 500 fell ~39% next 448 days
- Unemployment rose another 2.1%🔸First Rate Cut - Sep 18, 2007
- S&P 500 fell ~54% next 372 days
- Unemployment rose another 5.3%🔸First Rate Cut - Sep 18, 2024
- ?
- ?— Geiger Capital (@Geiger_Capital)
5:21 PM • Aug 23, 2024
ETF Market Snapshot:
Global ETF Market Overview:
Global ETF AuM Data as of Yesterday $13.13T +0.17% since 8/23 | Flows in ETFs Year-to-date +$797.11B +1.59% since 8/23 | Number of ETFs Worldwide 10990 Unch% since 8/23 |
ETF (>$1B) Market Advancers / Decliners:
On Friday, the ETF market took off! 🚀 In our database of ~660 ETFs not a single ticker ended the day in the negative. I cannot say I have seen this before. Powell’s dovish tone was fuel for the market to ignite.
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📈 Best Performing ETFs, last trading period:
📉 Worst Performing ETFs, last trading period:
Top Leveraged ETF Performers, 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:
QDVO : Amplify CWP Growth & Income ETF
launched yesterday
SMCX : Defiance Daily Target 2x Long SMCI ETF
launched 8/21/2024
AVGX : Defiance Daily Target 2x Long AVGO ETF
launched 8/21/2024
SMST : Defiance Daily Target 1.5X Short MSTR ETF
launched 8/21/2024
TSMY : YieldMax TSM Option Income Strategy ETF
launched 8/21/2024
New ETF Trading Tool: alphaAI
Check out this ETF Trading product that has my attention, It’s called alphaAi, think of this as your risk-adjusted robo advisor. Its job is to capture high upside using machine learning algorithmic trading strategies while protecting the downside. The best part is alphaAI automatically rebalances to reduce risk, and auto-invests uninvested cash into the highest-yielding money markets.
During the 2022 drawdown, alphaAI’s trading strategy was able to react and rebalance enough to out preform competing robo advisors, and even SPY
2023 was a great year in the market, but with alphaAI it was an exceptional year.
AlphaAI is in beta, but if you want early access, click the link below!
Check out the ETF Tools Page
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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Life is rich,
- Addison
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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