I have been having a lot of conversations lately on thematic investing, meme stocks (i.e., stocks that benefit from social media hype), and what is going on in this market. In my view, the memes and the themes are illustrative of the retail investor revolting against Wall Street. In the late 90s, retail investors started […]
What Poker Can Teach Us About Meme Stocks
I like to play poker. My interest in the game has never been prize-related but rather stems from a desire to understand its rules and strategy. If you play with someone who really knows poker, it’s possible to get a good sense of what they may hold and how they will react. Their understanding of […]
Tuttle Capital Management Launches Two New ETFs
Today we are launching two new ETFs, The De-SPAC ETF (DSPC) and The Short De-SPAC ETF (SOGU). Below are some links to information about the funds: Fund Website Prospectus Bloomberg Article About the Funds (Link is for Financial Advisor Magazine as this is not behind a pay wall) Press Release Meanwhile, the market sold off […]
Is This the Beginning of Something?
Yesterday saw the largest sell off in the NASDAQ since March, and it looks to continue in the pre markets today. If you look at the major averages, things look fine: the Dow and S&P 500 are still up double digits for the year and the NADAQ 100 is still up close to 4%. However, […]
Does ESG Actually Deliver Alpha?
In a recent research paper by Scientific Beta entitled, “Honey, I Shrunk the ESG Alpha”: Risk-Adjusting ESG Portfolio Returns, the answer is no. The authors do admit that ESG strategies have outperformed on an absolute basis, but when adjusted for risk they are not generating any outperformance. They find that any absolute performance is generated from outsized exposure to the […]
In the News: SPACs, Bitcoin, and Global Virus Resurgence
“Global Virus Resurgence Threatens Vigorous Growth Momentum” This is a headline from Bloomberg yesterday. There were also similar headlines in the Wall Street Journal as India reported a record of new Covid cases. I hesitate to return to a point I’ve made before, but it is concerning that as vaccines are rolling out massively, we […]
All is Good in the Markets
Yesterday a major sell program came in during the afternoon and knocked the market back. So far today that is forgotten. We have seen a lot of good news: Powell was optimistic about the economy but didn’t talk about raising rates anytime soon. Wall Street banks are having blowout earnings. There was some good news […]
“‘Make or Break’ Call on Inflation Is Stumping Global Investors”
The headline above comes from Bloomberg this morning. The article goes on to say: “Inflation and rates, especially as a bond investor right now, is the call that you have to make,” said Elaine Stokes, fixed income portfolio manager at Loomis Sayles. “It’s the make-or-break call of your year.” After 30 years of lowering interest […]