$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 as shown on the chart below by Charlie Bilello.
The longest duration bond ETF is now down 60% from its peak in March 2020
How is that possible? The 30-Year Treasury yield has moved from an all-time low of 0.8% in March 2020 up to 4.6% today. Long duration + Rising interest rates from extremely low levels = Pain $ZROZ Source: Charlie Bilello
US High Yield spreads moved down to 3.78% this week, the tightest we've seen since April 2022
Source: Charlie Bilello
The top 3 country equity ETFs in 2023:
1) Argentina $ARGT: +34.7% 2) Greece: $GREK: +32.5% 3) Nigeria $NGE: +29.8% Just like everyone predicted. Source: Charlie Bilello
CASH IS KING...
Where investors have put their #cash this year (hint: NOT stocks) via Goldman
Templeton just filed application for a Bitcoin spot ETF
Here's the list of Institutions which have filed for a bitcoin spot ETF (assets under management in brackets) -> Total assets managed is $17.7 trillion - BlackRock ($10T) - Fidelity ($4.5T) - Franklin Templeton ($1.5T) - Invesco Galaxy ($1.5T) - WisdomTree ($87B) - VanEck ($61B) - GlobalX ($40B) - ARK Invest ($14B) - Bitwise ($1B) - Valkyrie ($1B) Asset manager Franklin Templeton applied with the United States Securities and Exchange Commission on Sept. 12 to launch a spot Bitcoin exchange-traded fund (ETF).
ARK just filed for a Spot Ether ETF, the first one.. it is highly likely that more filing will soon come
Source: Eric Balchunas
Over the last 15 years, the S&P 500 ($SPY) has gained over 360% vs. a 58% increase for the MSCI World ex-US ETF ($ACWX) and just 33% for the Emerging Markets ETF ($EEM)
This is the longest cycle of US outperformance that we’ve ever seen. Source: Charlie Bilello
