Indie Horror “Hokum” Delivers Psychological Thrills, Minor Flaws
Saw Hokum with my kid. I love indie movies and he loves scary movies so this was perfect. It reminded me of 1408 and Barbarian. Lot of psychological stuff to go w/ jump scares. Adam Scott was good. It did feel a little incomplete tho. Still entertaining, solid 7/10. https://t.co/hswHoldXiC
Maintain Core Fans While Going Mainstream, or Fail
It’s better for long term viability to keep the base interested/engaged as something goes mainstream (something the Star Wars franchise totally screwed up). This was my q on the Strategy earnings call given the recent transfer of btc from individuals...
Memory ETFs Arrive: 2x DRAM Filing Signals Full Treatment
New filing for a 2x DRAM.. I called this yesterday (altho wasn't that hard of a call). We about to see the Memory trade get the full ETF treatment. Next up: Memory Buffers https://t.co/5kl6U1V8K4
DRAM ETF Becomes Second Fastest to $5B
$DRAM has become the 2nd fastest ETF of all time to hit $5b, in just 35 days, just one day shy of $IBIT's record, which I never thought we'd see anyone challenge (altho tbf DRAM hitting $20b, $50b, $100b as...
Record Two-Month Job Gains, Yet Economists Lose Again
Biggest two-month job growth in two years.. as economists now tied w/ the NY Jets for # of Ls in the past two yrs https://t.co/OwQ0cW28TU
South Koreans Dominate HK Leveraged ETF, Prompting Licensing Rule
Yes, this is a good point. The majority of the trading in HK’s 2x SK Hynix ETF thing is South Koreans, which highest degen/capita rate in world. To the point where the govt now requires people to take a class...
Young ETFs Capture Record 23% of Investor Flows
A record 23% of the flows are now going to young ETFs less than 3yrs old- a relatively new phenomenon. It used to take longer but investors are pretty trusting of ETFs and willing to use new ones (plus many...
Asia’s 2x Hynix ETF Becomes Market’s Fourth Largest
This is crazy: They have a new 2x SK Hynix ETF in Hong Kong (7709 HK) and it is already the 4th biggest ETF in that market commanding 5% of all the aum. That would be like if a 2x...
DRAM Ranks Third in ETF Flows with $1.1B
$DRAM's latest feat: 3rd in overall ETF flows yesterday with a $1.1b haul, rubbing elbows w/ $VOO and $SPY. Amazing.. ETF rookie equiv of when VJ Edgecombe dropped 30 on the Celtics at TD Garden in Game 2 win. https://t.co/GFejkhnlYP
Schwab Joins Fidelity in Pay‑to‑Play ETF Shelf Deal
Schwab is joining Fidelity in the pay to play shakedown for shelf space for outsider ETFs.. which was referred to as a "law of the jungle" but is irking smaller issuers bc if you don't pay they charge the investor...
Big Finance Seeks Crypto‑Savvy Talent with TradFi Skills
HELP WANTED: digital asset specialists at big boy financial cos. Must know crypto, blockchain, understand degens, but also have TradFi chops, fluent in Boomer-ese. Send applications to @isabelletanlee who has a nice scoop on the terminal this morning. https://t.co/TNrlAjjoYD
DRAM Volume Surges Past Walmart, Chevron, Boeing
$DRAM saw more volume today than these stocks: Wal-Mart, Chevron, Robinhood, Boeing, you get the idea.. $2.2b in volume today, up 75% in a month, aum $3.7b. Just absurd. Aint gonna last forever, but man, what a launch. I'm surprised...
Morgan Stanley Slashes Crypto Fees, Pressures Exchanges
SHOTS FIRED: Morgan Stanley is rolling out crypto trading on its E*Trade platform for 50bps/trade, undercutting Schwab's 75bps (who undercut Coinbase). If I know Schwab, they likely won't let this stand. Others will prob undercut too. By the time the...
Newborn ETF $DRAM Shatters Volume Norms
DRAM-ARAMA: $DRAM is the 9th most traded ETF today, it traded over $1b each of past two days, absolutely unheard of for a newborn theme ETF. For context, the largest theme ETF in world is $PAVE, and it's all time...
DRAM Surges 66% in Month, Becomes Thematic ETF Benchmark
$DRAM, so hot right now. $DRAM. Went up another 9% today, now up 66% in its first month and has $3.3b. It's basically the $IBIT of thematic equity ETFs. https://t.co/du9QYTyZmx
Prediction Market ETFs Offer Bias‑Free Macro Bets
NEW: Bet the President, Fed or CPI- Skip the Analysis, Guesswork and Bias. New from me today on the reason prediction market ETFs could be more popular and legit than people think. Every big macro event (Election, Fed, etc) we...
Small‑cap Growth Outperforms Large‑cap, yet Remains Ignored
Wow, 100% of small cap growth funds are beating large cap growth over the past year. This number is 10% for five years = small cap is having a legit moment rn. $IWM also just hit ATHs. And yet, no...
ETFs Merge Simplicity and Low Cost, Bridging TradFi and Crypto
TradFi has made investing both McDonald's simple & dirt cheap. Bitcoin itself is cheap but not simple. And the crypto exchanges are pretty simple but NOT cheap. This is why the ETFs (simple + cheap) are kicking so much ass....
Nine Space ETFs Launch in Three Months Amid SpaceX IPO
I did not realize there have been NINE space ETFs filed or launched in last 3mo. Not to mention the ones curr on mkt changing methodologies/names. All this for Space X IPO. Never seen anything like it.. Facebook, Alibaba were...
Roundhill Launches MAGP: Expanded Magnificent Seven ETF
Roundhill filing for a Magnificent Seven Plus ETF $MAGP which will hold the Mag 7 plus any co based on the "company's contribution to technological innovation" which include private cos. Smart sequel to $MAGS which has $5b (i underrated this...
Bond Sector ETFs Flop as BondBloxx Liquidates
BondBloxx is liquidating their bond sector ETFs. Another failed attempt to make bond sectors a thing. Sectors are massive on equity side, but no one cares with bonds. ht @Todd_Sohn https://t.co/eX05YKGaAl
IBIT's Strong April Flows Defy Negative YTD Trend
$IBIT coming in at #11 in April flows with $2.3b, baller number considering it's only ETF on list with negative YTD return. Typically only see that with Vanguard ETFs (their invs buy rain or shine). Good sign for long-term viability...
SEC Delays Launch of Prediction Market ETFs
RAIN DELAY: Prediction Market ETFs have been delayed by the SEC, according to Reuters. They were slated to start rolling out Thursday but SEC is seeking more info about mechanics and disclosures. Delay is likely temporary, so stay tuned.. https://t.co/zTwyblC6Ys
Midlife Marriage Disillusionment Drives Deeper than Expected Comedy
I watched "Is This Thing On?" on the plane and it's pretty good. Not as funny as I thought it would be but much deeper re middle age dissilutionment with marraige and how to recharge. Arnett great but some other...
Single‑stock ETFs Are Under‑funded, Fee‑driven Bubble
There's now over 400 single stock ETFs, but the category 'only' has $40b in aum. That's 100m/ETF (avg is 3b/ETF), which is as low a ratio as I've ever seen. ESG was 400m/ETF at the height of ESG hype, followed...
Corgi ETF Launches Strong, Undercuts Rivals with 30bps Fee
Solid Day One for the Corgi Growth & Tech Buffer ETF $QQMY with $5m in volume. This is part of the wave of low cost buffer funds, Corgi is 30bps, Aptus is 25bps, both much lower than top dogs Innovator...
90s Club Drug K Now Legit Antidepressant, PSIL up 20%
As someone who has had some fun, semi-memorable nights at NYC clubs Tunnel and Limelight in the '90s, it's hard to believe "K" has turned into a legit medication (and has $PSIL up 20% in April). That said, anyone who...
SPY Hits ATH as Apple Posts $111B Revenue Beat
$SPY closes at ATH and then Apple just reported quarterly revenue of $111b that beat analysts' estimates.. nice breakdown of just how much money they make and how: https://t.co/Br9j6yDTNs
US Q1 Growth Defies Shutdown, AI‑Driven Investment Surges
The US Economy grew by 2% in Q1 despite shutdown as business investment grew by most in 3yrs on AI and consumer spending grew by a better than expected 1.6%. I can literally hear some ppls' teeth gnashing (thoughts and...
Active ETFs Capture Record Fees, Outpacing AUM Share
ETFs hit record fee revenue in Q1 of $6.3b, about 7% over the previous peak set in Q4 (each quarter brings a new record pretty much) but inside this is active's increasing muscle, makes up 28% of revenue pie despite...
Ackman Possibly Forfeits $10B by Favoring CEFs
How much money is Ackman leaving on table by doing CEF vs ETF. Prob $10b at least. But tbf CEF may just be what he’s more comfortable w for his strategy. Still tho, if reaching investors is goal this prob...
Sell‑in‑May Myth Fading as Markets Stay Bullish
It may be time to retire "Sell in May" forever.. "It made sense when 19th-century London's moneyed elite swapped trading floors for summer estates -- but 21st-century algo-driven markets that never sleep have undone that adage. The S&P 500...
Plotkin's Snowball ETF Uses 351 Conversion to Erase Capital Gains
Gabe Plotkin (of GameStop fame) is launching the “Snowball ETF” at some point prob soon and it wil be a 351 conversion, way to get rid of embedded cap gains. Nice piece on it today from @denitsa_tsekova & @isabelletanlee https://t.co/uHcccZpX5g
T. Rowe Files Active Crypto ETF, Biggest Manager Yet
T Rowe Active Crypto ETF filing with 3rd amendment. Ticker $TOKN, fee 75bps. Launch likely very soon. The reason this one is notable imo is because it’s by far biggest active manager to apply their active prowess to this space....
Memory Stocks Set to Double as AI Fuels Growth
NEW: We dug into this white hot Memory Stock trade that has helped $DRAM become the fastest growing theme ETF of all time w/ BI's semiconductor analyst Jake Silverman. He explains what memory is, the AI connection, where in cycle...
Roundhill Launches First Non‑political Recession Prediction ETFs
Just saw Roundhill filed for more prediction market ETFs to track Recession Yes and Recession No. These first non-political ones. I’m sure we will see more. https://t.co/aN2OoT46Yr
VOO and Chill Defies Doom, Stocks Jump 9%
Wrote today about how 'VOO and Chill' (America's #1 inv strategy) won again, claiming another victory vs the overthinkers and doomer columnists who told us it was all over a month ago as media mentions of "war" spiked. Instead, stocks...
VOO on Track to Become First $1T ETF
MILESTONE WATCH: $VOO is now at $913b which is mindboggling considering it had $595b only 12mo ago. That's $1.25b a day in aum growth. Based on this pace it is scheduled to become the first ETF ever to hit $1T...
Ramones Mastered Rock by Stripping Away Excess
Sounds just as good and fresh as it did then. Ramones are a great eg of addition by subtraction. Johnny Ramone said as much: “What we did was take out everything we didn’t like about rock ’n’ roll and use...
Crypto ETF Evolution Mapped in Wild Chart
Insane chart showing the evolution of crypto ETFs from @Todd_Sohn. Spaghetti cannon in effect. https://t.co/TJK778XJQn
Hedge Funds Triple ETF Use to $300B, Now Frenemies
Hedge funds have tripled their usage of ETFs in the past 3yrs to $300b or 9% of reported 13F assets. They use them for a variety of purposes (incl shorts) but also compete w them = frenemies. Nice look at...
Bryon Lake Aims to Replicate $80B ETF Success with Bitcoin
Bryon Lake helped mastermind Equity Premium Income ETFs from nothing into an $80b juggernaut w $JEPI, $JEPQ while at JPM. Now he’s trying to do it at Goldman with bitcoin. This sub-category is meh rn but w Goldman (and BlackRock)...
Song's Hidden Message: Free Your Mind, Timeless Advice
This is one of those songs that I always loved but didn’t understand meaning at first (maybe bc of Nike ads) but then it just hit me one day and I was like ohh ok, and I liked it even...
XETFs Files Upside Boost ETFs Targeting Private Firms
New filing for a bunch of "Upside Boost" ETFs based on (mostly) private companies from issuer called xETFs https://t.co/yCEgiEpF0a
Predict Who Will First Reach Satoshi’s 1.1 M Bitcoin
POLL: Who do you think will be the first to pass Satoshi’s 1.1mil Bitcoin held?
Map Risk Allocation to Portfolio to Avoid Surprises
High level suitcoining here. This is how you talk to Boomers. Mapping risk allocation to port allocation is smart/ prudent, limits nasty surprise potential and helps behavior.
ETF IQ Show Features First PRIV Interview and DRAM Mania
Big ETF IQ show coming up: Michael Baron of $RONB etc on stocks, SpaceX, Andrew Gosden of Apollo on $PRIV (first ever intv for them) and Jake Sullivan of BI on $DRAM and Memory Stock mania w/ @kgreifeld @scarletfu. Starts...
PSIL Surges as Trump Fast‑tracks Psychedelic Research
Far Out Man: The Psychedelics ETF $PSIL has destroyed its daily volume record in first 30min of trading.. Trump just signed ex order expediting research/access to psyche drugs to cure depression. The sector has been in dog house, waiting for...
DRAM ETF Hits $1B in 10 Days, Shattering Norms
$DRAM hitting $1B in 10 days is beyond shocking. For context, here's the 4 biggest theme ETFs and how long it took each to hit $1B: $PAVE (1,000 days), $IGF (1800 days), $GRID (3,000 days) and $AIQ (1500 days)
Half of Global Markets Rebound Amid Iran Conflict
"Looking across 46 different country ETFs since the start of the Iran war, the global picture looks far more resilient than headlines and the chattering media's pundits would suggest. Nearly half of the world's major markets -- 20 out of...