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☆ David Einhorn is worried about the market, sees stickier inflation than expected
▼ + stars: | 2023-08-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Greenlight Capital's David Einhorn said he's getting concerned about the stock market after a strong rally and has added sizable downside protection to his portfolio. Between January and June, the S & P 500 popped 15.9% for its best first half since 2019. Einhorn, 54, believes inflation remains a big risk even though data has suggested easing price pressures. Recent inflation readings have shown a noted deceleration and the tailwind from higher rents is likely to dissipate, causing core inflation to fall further," Einhorn said. "Even so, we believe inflation is stickier and more entrenched than the market is currently appraising."

Persons: Greenlight Capital's David Einhorn, he's, Einhorn, Michael Burry Organizations: CNBC, Green Brick Partners, Nasdaq, Trust, NET

☆ How do I invest in a S&P 500 fund? Should I trade stocks after hours? We've got answers
▼ + stars: | 2023-08-13 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Are you referring to the S & P index itself, or one of the variations, and which symbol(s)? Thanks, Doug W. There are many exchange-traded funds (ETFs) that track the S & P 500 . The top three by assets under management, in order from largest to smallest, would be the State Street Global Advisors' SPDR S & P 500 ETF Trust (SPY) , BlackRock's iShares Core S & P 500 ETF (IVV) , and the Vanguard S & P 500 ETF (VOO) . As mentioned in the question, there are lots of ETFs that track the S & P 500, so by no means are these three the only games in town. Volume usually does pick up outside of normal trading hours when an event takes place, such as an earnings release.

Persons: Jim Cramer, I've, Warren Buffett, Doug W, Jim Cramer's, Jim, doesn't, that's, we're, it's Organizations: State Street Global Advisors, Trust, Vanguard, Jim Cramer's Charitable Trust, Club, CNBC

☆ The deadline for a ruling on Ark's application for a bitcoin ETF is near
▼ + stars: | 2023-08-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Ark's application for a spot bitcoin ETF was published in the Federal Register on May 15. Get in line: Bitcoin ETF applications(Date filed & Last possible review) Ark/21 Shares Bitcoin Trust 5/15/23 1/10/24Bitwise Bitcoin ETF Trust 7/18/23 3/15/24BlackRock Bitcoin ETF Trust 7/19/23 3/16/24VanEck Bitcoin Trust 7/19/23 3/16/24WisdomTree Bitcoin Trust 7/19/23 3/16/24Valkyrie Bitcoin Fund 7/19/23 3/16/24First Trust Galaxy Bitcoin 7/19/23 3/16/24Fidelity Wise Origin Bitcoin Trust 7/19/23 3/16/24 A ninth organization, Grayscale, has filed to convert its Grayscale Bitcoin Trust into a Bitcoin Spot ETF. 'Surveillance sharing agreement'The SEC has denied all prior spot bitcoin ETF applications, citing fraud and manipulation in the underlying markets. Supporters of a spot bitcoin ETF have been emboldened by a court case unfolding between Grayscale Bitcoin Trust (GBTC) and the SEC. Seif runs the Purpose Bitcoin ETF, a spot bitcoin ETF that has been trading in Canada since February, 2021.

Persons: Marco Bello, Reuters It's, Matt Hougan, It's, Neomi Rao, Bitcoin, Som Seif, Seif, Gary Gensler, Gensler, We're, Ric Edelman, Edelman, Bloomberg Intelligence's James Seyffart, Eric Balchunas Organizations: Reuters, SEC, The Securities, Exchange, Federal Register, Federal, Bitwise Asset Management, Bitcoin, BlackRock, Nasdaq, Digital Assets, Financial, CNBC, Bloomberg Locations: Miami Beach , Florida, U.S, BlackRock, Bitwise, Washington, Canada

☆ This sleepy Dow ETF is gaining traction as the old-school average looks for a 10-day win streak
▼ + stars: | 2023-07-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The Dow rose for the ninth consecutive trading session Thursday, its longest winning streak since 2017. Meanwhile, the SPDR Dow Jones Industrial Average (DIA) has raked in more than $1 billion in net inflows over the past week. Here are some other notable ETF data points from the past week. The fund has gained more than 4% this month and brought in about $300 million in new cash over the past week. SPY saw abnormally high outflows of more than $10 billion over the past week.

Persons: Dow, Goldman Sachs Organizations: Dow Jones, DIA, Trust, Big Tech, Microsoft, UnitedHealth, Vanguard, CSI China Internet

☆ This new ETF offers 100% downside protection for investors who can be patient
▼ + stars: | 2023-07-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The quickly expanding world of buffer funds now has an option for investors who want 100% downside protection. The Innovator Equity Defined Protection ETF (TJUL) was introduced on Tuesday, the latest in the firm's defined outcome suite of funds. This one is designed to give investors full downside protection over a two-year period, in exchange for capped upside participation of roughly 16.6%. Money market funds have seen huge inflows this year, suggesting many investors are still reluctant to to take on risky investments. The fund is essentially a three-pronged options strategy, using flex options.

Persons: Tim Urbanowicz, Aniket Ullal, Urbanowicz Organizations: Equity, Advisors, Trust, TJUL, Treasury

☆ The first ETF offering protection against 100% of stock losses just launched
▼ + stars: | 2023-07-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Innovator Capital Management launched a buffer ETF Tuesday with 100% downside protection. "Our aim is for TJUL to provide a way for our clients to stay in the market with significant built-in risk management." "Our aim is for TJUL to provide a way for our clients to stay in the market with significant built-in risk management." The company offers more than 50 buffer funds, and Innovator said its suite of funds have more than $13 billion in assets under management. Innovator said the ETF structure benefits investors more, thanks to high liquidity, no minimum purchasing requirements, and a lack of withdrawal fines.

Persons: Graham Day, there's Organizations: Capital Management, Service, Equity, Trust Locations: Wall, Silicon

☆ Investors are betting on stocks to keep rising in the second half with these ETFs
▼ + stars: | 2023-06-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Many investors appear comfortable betting on stocks to continue rising after a surprising strong first half, according to fund flow data. Investors even plowed $1.9 billion into the Invesco QQQ Trust ETF (QQQ) , which is up almost 40% so far this year. The flows are notable because investors have been somewhat reluctant to put more money in stocks this year despite the rally. Aggregate Bond ETF (AGG) and the Vanguard Total Bond Market ETF (BND) also saw inflows this week, so some investors are still hedging their bets on stocks. With investors starting to chase the recent rally, all major regions except Europe saw inflows.

Persons: Magesh Kumar Chandrasekaran, — CNBC's Michael Bloom Organizations: Trust, Aggregate Bond, Vanguard, Bond Market, Barclays Locations: Europe

☆ Investors are buying this ETF as a bet that the stock market rally will broaden out
▼ + stars: | 2023-06-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The fund puts an equal amount of money into each stock in the S & P 500 and is rebalanced quarterly, diluting the effect of the biggest companies. Through Thursday, the RSP was up about 4.6% in June compared with 4.5% for the SPDR S & P 500 ETF Trust (SPY) . "Despite what many consider the market's limited participation, the A/D index for the S & P has reached an all-time high [recently]. Here is the full list of top five ETFs by fund flows over the past week, according to FactSet. Similarly, the Vanguard Intermediate-Term Corporate Bond ETF (VCIT) brought in more than $400 million over the past week.

Persons: it's, Wellington, Frank Gretz Organizations: Nvidia, Microsoft, RSP, Trust, Wellington Shields, Corporate

☆ CNBC Daily Open: Everyone's expecting inflation to slow down
▼ + stars: | 2023-06-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +1 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. (Higher rates today lower the value of tech's growth tomorrow.) Big Tech stocks mostly rose at least 1%; Apple even hit an all-time high of $183.79 per share. The S&P 500 added 0.93%, further adding to the gains it's accumulated over the past few days, and the Dow Jones Industrial Average climbed 0.56%. On an average day, 80.6 million shares of the SPDR S&P 500 ETF Trust, a tracker of the broad S&P 500 index, are traded.

Persons: Mark Zandi, Oracle's, That's Organizations: CNBC, Traders, Federal Reserve, Moody's Analytics, Big Tech, Nasdaq, Dow Jones, Trust, Tech Locations: That's

☆ CNBC Daily Open: Tech is loving the possible rate pause
▼ + stars: | 2023-06-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hopes for a pause in interest rates helped to send stocks higher Monday. (Higher rates today lower the value of tech's growth tomorrow.) Big Tech stocks mostly rose at least 1%; Apple even hit an all-time high of $183.79 per share. On an average day, 80.6 million shares of the SPDR S&P 500 ETF Trust, a tracker of the broad S&P 500 index, are traded.

Persons: Tim Cook, Mark Zandi, Oracle's, That's Organizations: Apple Inc, Apple Vision, Apple Worldwide, Apple, CNBC, Traders, Federal Reserve, Moody's Analytics, Big Tech, Nasdaq, Dow Jones, Trust, Tech Locations: Cupertino , California, That's

☆ Copycats are coming for JPMorgan's high-yield ETFs. Here's what's next for the popular funds
▼ + stars: | 2023-06-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Goldman Sachs filed last week to launch two similar funds: the Goldman Sachs U.S. Equity Premium Income ETF and the U.S. Tech Index Equity Premium Income ETF. Some other funds that use some form of a covered call strategy similar to JPMorgan's approach with equity linked notes are already on the market. The JPMorgan funds both have an expense ratio of 0.35%. However, even a fund that did exactly that would likely not be an option for some financial advisers until it had an established track record, giving the JPMorgan funds a big head start. The competition is coming even as the rally for growth stocks has dulled some of the allure for the JPMorgan funds.

Persons: JEPI, Goldman Sachs, Hamilton Reiner, Goldman, Reiner Organizations: JPMorgan Equity, JPMorgan Nasdaq Equity, SEC, JPMorgan, Goldman Sachs U.S, Equity, U.S . Tech, JEPI, Morgan Asset Management, Trust Locations: U.S, JEPQ

☆ Hedge fund says hard landing is 'most likely' and names 3 global stocks to play it
▼ + stars: | 2023-05-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

A U.S.-based hedge fund is predicting a hard landing scenario for stock markets despite a steady decline in inflation, with the S & P 500 falling into a bear market. "Livermore views the path forward as the most likely scenario for markets is a hard landing," Neuhauser said in notes to CNBC. The hedge fund manager added that despite this "soft landing" in inflation, "ultimately it's going to lead to a much harder landing with stocks as inflation remains sticky for some time to come." The hedge fund manager identified three global stocks that he believes will perform well if this scenario comes to fruition. Livermore, the hedge fund founded by Neuhauser in 2009, owns shares in Amaroq, along with billionaire investor Louis Bacon.

☆ CNBC Daily Open: Bracing for April’s consumer price index
▼ + stars: | 2023-05-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Markets had a quiet Tuesday as investors braced for key inflation reports coming out later today and Thursday. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. April's jobs report showed the labor market's still going strong, which might contribute to price pressures. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Bracing for April’s CPI reading
▼ + stars: | 2023-05-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Investors are hoping April's CPI reading will show dipping prices. April's jobs report showed the labor market's still going strong, which might contribute to price pressures. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ Grayscale moves to expand ETF business as legal fight over spot bitcoin fund continues
▼ + stars: | 2023-05-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The expansion comes as Grayscale is embroiled in a lawsuit with the Securities and Exchange Commission over the company's attempt to convert its $17 billion Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF. The SEC has repeatedly declined to approve spot bitcoin products, citing concerns about manipulation in the underlying crypto market. One of the new ETFs that Grayscale filed for on Tuesday could be seen as something of a substitute for a spot bitcoin fund. The Grayscale Global Bitcoin Composite ETF, which would have the ticker "BTC" upon launch, would invest in spot bitcoin products outside the U.S. as well as the equities of bitcoin mining companies. The other prospective funds are the Grayscale Ethereum Futures ETF (ETHG) and the Grayscale Privacy ETF (PRVC).

☆ Citi's guide to trading the debt ceiling: Beware companies with high revenues from U.S. government
▼ + stars: | 2023-05-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Investors looking to trade the showdown over the U.S. debt ceiling should focus on stocks that are tied most to government spending, according to Citigroup. Lawmakers have been trying to find a way to raise the debt ceiling so the government can pay its bills on time. On Sunday, Treasury Secretary Janet Yellen warned that failing to raise the debt ceiling will cause a " steep economic downturn ." As the fight over the debt ceiling — and talk of spending cuts — ramp up, some stocks will trade down, Citi pointed out. He believes the iShares U.S. Aerospace & Defense , SPDR S & P Aerospace & Defense , and Invesco Aerospace & Defense ETFs "could be useful off-the-shelf trading tools to consider."

☆ Why the inflows? A 'two-sided equation' for bank ETFs
▼ + stars: | 2023-05-05 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +2 min

"It's a two-sided equation here," Reggie Browne, principal of GTS, told Bob Pisani on CNBC's 'ETF Edge' on Monday. "If you look at the entire suite of regional bank ETFs, they're picking up assets." While regional bank ETFs continue to tumble, the funds still netted more than $105 million in inflows within the past month, according to FactSet. Flows were largely into the SPDR S&P Regional Banking ETF (KRE) , which pulled in $108 million during the same period. The dividend yield on the KRE stands at 3.84%, while the SPDR S&P Bank ETF (KBE) offers 3.59%.

☆ This ETF with a yield of almost 10% faces big earnings tests this week
▼ + stars: | 2023-04-12 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The first wave of first-quarter earnings will put two of the biggest holdings of a red-hot ETF under the microscope. The JPMorgan Equity Premium Income ETF (JEPI) , which uses stock selection to find value plays and equity-linked notes to generate additional yield, has a 12-month rolling dividend yield of more than 11% and a 30-day SEC yield of 9.59%. But stock selection is still a big part of JEPI's performance, and earnings season can put that to the test. Two of the fund's top holdings, as of Tuesday, are set to report earnings this week: Progressive and UnitedHealth . Moreover, the Mayfield, Ohio-based Progressive only accounts for 0.25% in the SPDR S & P 500 ETF Trust (SPY) , but has a 1.6% weighting in JEPI.

☆ Time for a buffer? Defined outcome strategies in a down market
▼ + stars: | 2023-04-12 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +3 min

Buffer ETFs, which are encompassed by defined outcome funds, offer participation in stocks or bonds while maintaining a level of downside protection — protection usually paid for by a cap level on potential upsides. For investors easing into the defined outcome ETF space, Day said, the Innovator Defined Wealth Shield ETF (BALT) is the more conservative strategy. "Every time the market has corrected the 20% buffer, BALT has really guarded investors against losses," Day said. But to counter those concerns, Sohn explained, market volatility in recent years has created an environment tailored for buffer ETFs to prevail. Now you're seeing options-related strategies to get that income through the equity market."

☆ Analysis: As worries over banks swirl, investors seek protection against market crash
▼ + stars: | 2023-03-17 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

The S&P 500 is down 5% from its early February high though it remains up 3% year to date. ... Now the downside tail has a lot more risk priced into it," said Chris Murphy, co-head of derivatives strategy at Susquehanna. Volatility in the Cboe Volatility Index (.VIX), which reflects expectations of stock volatility, has been muted by comparison, though the index hit a five-month high earlier this week. "That is something worth monitoring closely to gauge the expansion of risk within the system," he said. Reporting by Saqib Iqbal Ahmed; Editing by Ira Iosebashvili and Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ 0DTE options could turn 5% intraday market decline into 25% rout -JPMorgan
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

March 6 (Reuters) - Trading in new near-dated U.S. options contracts can supercharge volatility in U.S. stocks, potentially leading to tremendous intraday declines, analysts at JPMorgan said. The U.S. equity options market has seen a rise in the trading of options contracts set to expire at the end of the trading day - dubbed 0DTE (zero day to expiry) options - with their daily notional value rising to about $1 trillion, according to JPMorgan data. Their recent growth has been eyed as one cause of intraday volatility, with JPMorgan's Marko Kolanovic last month warning they could spark a massive volatility event under certain circumstances. Such a scenario could occur if the S&P 500 fell 5% in five minutes, triggering $30.5 billion in 0DTE option-related trading that would tack another 20 percentage points onto the index's decline, the bank’s analysts said. Furthermore, JPM noted that retail traders were not the main driver of volume growth in 0DTE options, with individual investors accounting for about 20% of the SPDR S&P 500 ETF Trust (SPY.P) options volume and only around 5% of the S&P 500 same-day options.

☆ Explainer: The rise of 0DTE stock options and how they could be a risk to markets
▼ + stars: | 2023-02-22 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

WHAT ARE 0DTE OPTIONS? They are options contracts that have less than a day before expiring, though they may have been listed days, weeks or months ago. The daily notional value of trading in 0DTE options has grown to about $1 trillion, according to J.P. Morgan. WHY ARE TRADERS DRAWN TO 0DTE OPTIONS? With 0DTE contracts expiring daily, there is limited scope for positions to build up over time, they said.

☆ How to Invest in the S&P 500
▼ + stars: | 2023-02-12 | by ( ) www.wsj.com time to read: +9 min

The S&P 500 index, short for Standard & Poor’s 500 index, is one of the most widely traded and talked about stock indexes in the world. The Largest S&P 500 Index Funds Ticker Symbols Expense Ratio Fund Size Vanguard S&P 500 Index Fund VOO, VFFSX, VFIAX 0.010%-0.040% $792 billion SPDR S&P 500 ETF Trust SPY 0.095% $380 billion Fidelity 500 Index Fund FXAIX 0.015% $374 billion iShares Core S&P 500 ETF IVV 0.030% $307 billion Vanguard Institutional Index Fund VINIX, VIIIX 0.020%-0.035% $238 billion Morningstar DirectS&P 500 mutual funds vs. S&P 500 ETFsAnother thing to consider is whether you want to buy a traditional mutual fund or an exchange-traded fund, which trades like a stock. Equal weight, value or ESG S&P 500 fundsMoreover, if you’re concerned about the heavy weighting of certain sectors in the S&P index you can invest instead in an equal weight S&P 500 index fund or add those shares to your portfolio. Alternatively, you can buy an S&P 500 value fund, which represents stocks that are considered undervalued or an S&P 500 growth fund, which represents the fastest-growing companies in the S&P 500. Another variation on the S&P 500 index theme incorporates ESG (environmental, social and governance) values while maintaining similar overall industry group weights as the S&P 500.

☆ The first ETF is 30 years old this week. It launched a revolution in low-cost investing
▼ + stars: | 2023-01-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Thirty years ago this week, State Street Global Advisors launched the Standard & Poor's Depositary Receipt (SPY), the first U.S.-based Exchange Traded Fund (ETF), which tracked the S&P 500. How ETFs differ from mutual fundsHolding an investment in an ETF structure has many advantages over a mutual fund. The reason was mutual funds and broker-dealers quickly realized there was little money in the product. On November 18, 2004, the StreetTracks Gold Shares (now called SPDR Gold Shares , symbol GLD) went public. CNBC's Bob Pisani on the floor of the New York Stock Exchange in 2004 covering the launch of the StreetTRACKS Gold Shares ETF, or GLD, now known as the SPDR Gold Trust.

☆ The First ETF Launched 30 Years Ago, Revolutionizing Investing
▼ + stars: | 2023-01-22 | by ( Jack Pitcher | ) www.wsj.com time to read: 1 min

Thirty years ago, the launch of the first exchange-traded fund ushered in a new era of investing. Now, the industry is bringing exotic trading strategies to the masses. The SPDR S&P 500 ETF Trust, which tracks the benchmark U.S. stock index, gave investors the ability to buy and sell hundreds of stocks through a single, publicly traded share for the first time.

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