Bloomberg Daybreak: US Edition Daybreak Holiday: Walmart, Oil, ETFs
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Feb 17, 2025 Eric Balchunas, an ETF analyst at Bloomberg Intelligence, discusses the latest regulatory changes affecting the ETF market, including the rise of crypto ETFs. Stephen Schork, president of the Schork Group, shares insights on the oil market's stability amidst political shifts and geopolitical tensions. Arun Sundaram, SVP for Equity Research at CFRA, analyzes Walmart's strategic outlook, focusing on its strong holiday performance and challenges from inflation and competition with Amazon. Expect an engaging overview of the intersecting worlds of finance, energy, and retail!
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Shifting ETF Landscape
- The SEC under a new chair may be more lenient in approving new ETF products.
- This could lead to a wider variety of ETFs, including those based on cryptocurrencies and other novel assets.
New ETF Approvals
- Expect ETFs tracking Solana and XRP cryptocurrencies, previously blocked by the SEC, to be approved.
- A variety of other cryptocurrencies, including meme coins like Dogecoin and even Trumpcoin, might also be ETFized.
ETF Investor Caution
- Investors should be cautious with new, exotic ETFs, as many will likely be risky and not widely adopted.
- Read the prospectus carefully, especially for ETFs with unusual names or strategies, as the SEC may rely heavily on disclosures.