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Narrations of a Sector ETF Operator:  Sector Investors Are Discounting a Stronger Cycle, But Not a Cleaner One

Sector flows show investors are discounting a firmer cycle, not a recession, with support for Industrials, banks, REITs, Health Care and AI hardware. Energy, commodity hedges, software and China internet look more vulnerable as oil falls and positioning resets globally

Narrations of a Sector ETF Operator:  Sector Investors Are Discounting a Stronger Cycle, But Not a Cleaner One Read More »

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Factor Friday: Interest Rates in Focus as Factor Leadership is in Potential Transition

Since late March, falling Treasury yields have reflected more than softer macro expectations. ETF flows show investors already rotating for easier policy, favoring semiconductors, dividends, infrastructure, and selective real assets, while that very equity rotation may eventually limit how far yields decline.

Factor Friday: Interest Rates in Focus as Factor Leadership is in Potential Transition Read More »

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