Eric Balchunas

@EricBalchunas • 629,382 subscribers

Senior ETF Analyst for @Bloomberg. Dad. Rutgers grad. Gen X-er. Author of "The Institutional ETF Toolbox" & "The Bogle Effect.” Co-host of Trillions & ETF IQ.

Live Cam

Eric Balchunas

Shorts

Corgi wants to be the Wal-Mart of ETFs. We just sat down w/ Jeff Weniger (who just joined Corgi from WisdomTree) for a Trillions intv about their flood the zone strategy, future plans (incl taking on Big Three in core), the co’s tech culture, the cafes and of course the dogs 🐕

None of the contestants on Jeopardy tonight knew what “ETF” stood for 🤦 ht Matt Giles

Videos

Watch Anya Live

My 15yr old joined the stock mkt club at his HS and he says all the kids get their info from TJR, a TikTok streamer (who kinda looks like Wham-era George Michael). Here’s clip he sent me. Do with this what you will..

"You can think of it like a bond that is tied to the equity markets. You are going to get that 14% income as long as equity markets are not down too far (&gt;40% in a month)." - Matt Kaufman of Calamos on ETF IQ on Autocallable ETFs, the fastest growing category of Boomer Candy

The endless allure of $TLT (the fav ETF of ppl who like to overthink things) in effect as traders pour $7b in ahead of Fed. This thing largely burns cash but once in a while it goes into jackpot mode. Here's clip of Nate Geraci on ETF IQ on why it's just not worth the risk

"We process $4 quadrillion of settlements a year. There's no blockchain that can handle that.. so we're working with Canton, Stellar, a few others..." - Nadine Chakar, Head of DTCC Digital Assets on Trillions re their massive project to tokenize Wall Street w/ Isabelle Lee

"This is like the Keith Richards of rallies. He’s smoking, drinking &amp; partying but he's still alive and a lot healthier than ppl 30yrs younger”- Sam G Huszczo, CFA, CFP on ETF IQ re why ppl should be grateful, enjoy the bull mkt vs worrying non-stop (feat me agreeing 100%) w/ Katie Greifeld

“The US economy is not that rate sensitive except one thing: housing. And we have a housing problem.. my view being you gotta get that mortgage rate down.. and you’ll actually reduce inflation” - Rick Rieder on ETF IQ last year when I asked him why cut rates if everything fine.

'Mutual funds are passing up an opportunity of 'biblical' proportions, they've given away their birth right' - Cole Smead on ETF IQ yest re how MFs were dumb not to utilize/promote their ability to do in-kind (non-taxable) redemptions but says its not too late w/ Katie Greifeld

“We’re headed for what is going to be a very algorithmically crowded trade” - ⁦Dave Nadig⁩ on ETF IQ on why Nasdaq changing rules to add SpaceX only 15 days after IPO is gonna have unintended consequences. Good discussion/debate incl re $RONB on show Monday:

"It was the best first day of trading for any of our ETFs.. We had to start with bitcoin (ETF), but this is just the first of a long road map of new products both on the asset mgt side and wealth biz" - Any Oldenburg head of Digital Assets at Morgan Stanley on Bloomberg TV today re $MSBT

DEBATE: Leverage ETFs make up of 13% ETF trading but 1% of aum so a) not that big and b) being used as directed. On flip, their volume up 10x in 5yrs and 2x stock long/short ratio is 19x mostly chip/tech so could exacerbate selloff.. me, Todd Sohn, James Seyffart debate on Trillions

“We have a plan… And we don’t plan to sell the SpaceX SPV (which is curr 35% of the ETF)” - Joel Schuman of $XOVR on ETF IQ yesterday talking about the situation in the fund rn Katie Greifeld Scarlet Fu

I asked ⁦Matt Hougan⁩ on ETF IQ today about my one (slight) worry re Bitcoin which is are OGs still into it(bc clearly the ETFs and MSTR are), or are they cashing out bc they don’t like that it’s mainstream a la how kids left Facebook when their parents joined? His answer:

Rick Rieder on ETF IQ yesterday talking about how amazing it is that there’s still $8-$9T of cash “on sidelines” that is going to be more and more tempted to jump in as SpaceX type news keeps happening w/ Katie Greifeld Scarlet Fu

"You can think of it like a bond that is tied to the equity markets. You are going to get that 14% income as long as equity markets are not down too far (>40% in a month)." - Matt Kaufman of Calamos on ETF IQ on Autocallable ETFs, the fastest growing category of Boomer Candy

"This is like the Keith Richards of rallies. He’s smoking, drinking & partying but he's still alive and a lot healthier than ppl 30yrs younger”- Sam G Huszczo, CFA, CFP on ETF IQ re why ppl should be grateful, enjoy the bull mkt vs worrying non-stop (feat me agreeing 100%) w/ Katie Greifeld