We are experiencing an ETF funds of funds (of funds of funds of
funds) sell off. According to
statia.com, at the end 2019 there were 6,970 ETF's
globally. XOM according to Fidelity is held by a crazy
number, 252 different types of ETF's. Most of which
passively managed. As the ETF's walked the stairway to HEAVEN
(overvaluation) we're now riding the eleavator back to EARTH.
A black swan (CvD19) "flu" in, just as theSaudis split
from the Russians and OPEC cut prices while increasing
production in an all out attack on the US shale (over
leveraged/valued on fumes) industry. Money flooded into
treasury's causing rates to crash (the feds should have let the
markets work) which impact ability of banks to make
profits.
More ETF's in the world than meaningful stocks to trade.
When the 272 ETF computers hear or read the words XOM, the
algo's go to work. When will the ETF algo's start up the stairs?
CLO's will be the next, if the Saudi's win the price war.
Thankfully, Matt and Steve are here to keep us grounded.
Patiently Optimistic
We are experiencing an ETF
Posted by mmellow on 12th of Mar 2020 at 07:09 pm
We are experiencing an ETF funds of funds (of funds of funds of funds) sell off. According to statia.com , at the end 2019 there were 6,970 ETF's globally. XOM according to Fidelity is held by a crazy number, 252 different types of ETF's. Most of which passively managed. As the ETF's walked the stairway to HEAVEN (overvaluation) we're now riding the eleavator back to EARTH.
A black swan (CvD19) "flu" in, just as theSaudis split from the Russians and OPEC cut prices while increasing production in an all out attack on the US shale (over leveraged/valued on fumes) industry. Money flooded into treasury's causing rates to crash (the feds should have let the markets work) which impact ability of banks to make profits.
More ETF's in the world than meaningful stocks to trade. When the 272 ETF computers hear or read the words XOM, the algo's go to work. When will the ETF algo's start up the stairs?
CLO's will be the next, if the Saudi's win the price war. Thankfully, Matt and Steve are here to keep us grounded. Patiently Optimistic
https://etfdb.com/etfs/