All Research Archives
The Market Lens
3.2.2021
T+1 Settlement: The Difference A Day Makes
Over the past few weeks, trade settlement time has become a hot topic of conversation.
It all started on Feb. 18, when Robinhood CEO Vlad Tenev argued before Congress that settlement inefficiencies were the real reason the brokerage had to halt trading in GameStop (GME); and that investors would be better served by moving to real-time settlement instead.
Then, last week, the DTCC announced that within two years, it planned to cut equity settlement times in half, from two days after a trade is placed (T+2) down to one day (T+1).
Speeding up settlement times is a welcome move, one that will significantly boost market efficiency and reduce systemic and operational risks. But is Tenev right? If T+1 is good, wouldn't instantaneous settlement be even better?
In The News
3.2.2021
Daily review of stock specific news including ETFs w/ greatest exposure, curated links and look at performance results for the previous trading session.
- Are US stocks too pricey for UK investors? - Financial Times
- Investors Put Record $86 Billion Into Stock ETFs in February - Bloomberg
- More Space Stocks Are Coming. Investors Are Pleased. - Barron's
- Zoom's Happy Hour Isn't Over Yet - WSJ
U.S. Factor Playbook
3.2.2021
An overview of the U.S. Sector ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.
Daily Note
3.2.2021
Breakdown of the previous day's market action through the lens of ETFs
Monday Morning QB - March 1, 2021
3.1.2021
Last week's markets through the lens of ETFs. Topics included:
- Winners & Losers: Valuation Reset
- Follow the Flows: Cyclical Rotation
- Under the Radar ETFs: Utilities + Clean Energy
- The Weekly Rant: ARK Invest ETFs - The Good (people, process & performance), The Bad (mind boggling flows), The Ugly (jealousy & haters)
- Questions & Answers?
In The News
3.1.2021
Daily review of stock specific news including ETFs w/ greatest exposure, curated links and look at performance results for the previous trading session.
- US companies struggle to impress investors despite upbeat results - Financial Times
- Cathie Wood's Power in Some Stocks Is Even Bigger Than It Seems - Bloomberg
- 12 Stocks and Funds to Play the Coming Green Boom for Utilities - Barron's
- As Yields Rise, Beware the Hidden Risks in Ultralong Bonds - WSJ
Global Thematic AIM Positioning Guide
3.1.2021
Global Thematic AIM Portfolio returned -8.13% last week, underperforming the MSCI ACWI (ACWI) by 4.67%
- Top Performers: GRID -1.86%, SRVR -3.21%, IBUY -5.20%
- Bottom Performers: ARKK -14.58%, WCLD -11.11%, PBW -10.14%
- Since Inception Performance: +65.60% outpacing MSCI ACWI (ACWI) by 41.23%
U.S. Sector Playbook
3.1.2021
An overview of the U.S. Sector ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.
Macro Brief: ISM Manufacturing
3.1.2021
Economic activity in the manufacturing sector grew in February for the ninth consecutive month (ISM PMI)
Macroeconomic Review
2.28.2021
Major macroeconomic releases for the prior and upcoming weeks accompanied by historical macroeconomic data and chart books