I am restarting my distribution list
it'll be a weekly roundup of my articles + TV stuff + Katie Thoughts. mostly on ETFs/markets/sometimes crypto. but anything can happen !!
DM me your email if interested [and only your email]. and WHAT SHOULD I CALL IT?
full-court press
*KASHKARI: FED IS COMMITTED TO GETTING INFLATION UNDER CONTROL
*FED'S BULLARD LEANS TOWARD 0.75 POINT SEPT. RATE INCREASE: DJ
*FED'S GEORGE: JULY CPI ENCOURAGING BUT TOO SOON FOR VICTORY LAP
ETF history nerds will love this:
Decades after coining the term "exchange-traded fund" and launching WEBs (which eventually became iShares), Morgan Stanley is launching its first modern-era ETFs
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I would love to be described as apocalyptically anything
Quote Tweet
Bloomberg Markets
@markets
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Investors are pulling back from their record pessimism about stocks amid speculation that inflation has peaked, marking a break in the “apocalyptically bearish” sentiment that had gripped markets, Bank of America’s monthly fund manager survey shows https://trib.al/JCwZTRH
$DRLL assets at $92m, wildly high for Week One of indie launch, and already 3x larger than any other anti-ESG/conservative ETF. $ACVF has $30m, most struggling. We've got the man behind it
Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek" ... and this week helped out by our amazing colleagues
$BND is new king bond ETFs w/ $83b thx $8b in YTD flows vs $0 for $AGG (flows = mkt share % growth juice in down mkts). Vgrd also now w/ 4 of the top 5 biggest bond ETFs (BLK still more FI ETF aum tho). Nice catch by
Heres vid of Cathie Wood on ETF IQ, highlights:
-We ARE in recession
-gold best inflation gauge
-Has no interest in cash inv or $TARK
-ESG got way out of hand putting lip stick on pigs
-Succession plans
-Trimmed COIN bc SEC
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We have Cathie Wood on ETF IQ today for the whole half hour. Is there anything non-obv & within reason that you want us to ask her? Let me know. Catch show w/
seeing a lot of commentary to the effect of ‘see! we’re not in a recession’
which seems difficult to get excited about if the Fed is going to have to murder the economy to get the labor market/demand to cool off
jeez
*US JULY PAYROLLS INCREASE 528,000; EST. 250,000
*US JULY UNEMPLOYMENT RATE FALLS TO 3.5% VS 3.6%
*US JUL AVERAGE HOURLY EARNINGS +0.5% VS JUN +0.4%; +5.2% YOY
Will be joining @BloombergTV Triple Take at 4:30pmET *today* to discuss new consumer spending data from China and @ChinaBeigeBook’s latest economic outlook w/ @CarolineHydeTV@RiggsReport@kgreifeld. Tune in!
I am restarting my distribution list
it'll be a weekly roundup of my articles + TV stuff + Katie Thoughts. mostly on ETFs/markets/sometimes crypto. but anything can happen !!
DM me your email if interested [and only your email]. and WHAT SHOULD I CALL IT?
Walmart cut its annual profit outlook for the second time this year, citing the need to lower prices to clear out bloated inventories.
Bloomberg Intelligence's Poonam Goyal has more on “Bloomberg Triple Take” https://trib.al/xAqpPBX