The iShares 20+ year Treasury Bond ETF (TLT) now down 51% from All-Time-High
Source: Bloomberg, HolgerZ
SEC approval of Blackrock Bitcoin ETf was a FAKE NEWS
Bitcoin pumped (+10% to $30k) and dumped after BlackRock said that its application for an exchange-traded fund that invests directly in the cryptocurrency is still under review. Source: Bloomberg
$100k invested in the S&P 500 ETF 30 years ago would be worth over $1.7 million today
Was the road to 17x growth a straight line? Far from it... Source: Charlie Bilello
Fighting the Fed has transformed bond ETFs into cash incinerators..
$TLT has come out of nowhere to hit #3 on the Top 20 Cash Burning ETFs list (lifetime flows minus aum today) with over $10b lost. Top of list used to be -2x/-3x, VIX, commodity ETFs. Now its vanilla bond ETFs... Great table from psarofagis thru Eric Balchunas, Bloomberg
Over half of bond ETFs are now trading at a discount
Spikes in this number have been a pretty reliable bottom signal in the past. That said we not quite near the last two spikes but close.. Source: psarofagis thru Eric Balchunas, Bloomberg
The longest duration bond ETF ($ZROZ) is down over 60% from its peak in 2020 and now has a negative return over the last 10 years. Bond ETF Returns...
Source: Charlie Bilello
The drawdown for the long-term Treasury ETF $TLT is now more extreme that the S&P’s drawdown during the Dot Com Crash:
Source: Bespoke
Over the last 3 years, the US Money Supply (M2) has increased by 14%, US inflation (CPI) has increased by 18%, and National Debt has grown by 24%
And over that time the US dollar Index ETF has gained 19% while the Gold ETF has lost 5%. As eveyone predicted... Source: Charlie Bilello
