Core Insights - The initial optimism surrounding President Trump's deregulatory stance for the crypto industry has not materialized as expected, with financials underperforming and Bitcoin experiencing significant losses [2][3] - The approval of the first 11 spot Bitcoin exchange-traded products (ETPs) by the U.S. Securities and Exchange Commission in January 2024 led to nearly $10 billion in inflows for Bitcoin ETPs in 2025, despite Bitcoin's poor performance [4][5] - Investors are increasingly turning to Bitcoin ETFs for exposure to the crypto market, with the Grayscale Bitcoin Trust ETF attracting over $20 billion in assets under management [5][6] Financial Sector Performance - In 2025, the financial sector ranked second-to-last among the S&P 500's 11 sectors, achieving a gain of just over 5% [2] - Bitcoin has lost nearly 15% since its all-time high on January 25, 2025, and over 27% since its record high on October 4, 2025 [2] Bitcoin ETPs and ETFs - Bitcoin ETPs saw inflows of nearly $10 billion in 2025, driven by the SEC's approval of spot Bitcoin ETPs [4] - The Grayscale Bitcoin Trust ETF has a highly liquid average daily trading volume of just over 4 million shares [5] - The ProShares Bitcoin ETF and Grayscale Bitcoin Trust are criticized for not justifying their elevated expense ratios, while the iShares Bitcoin Trust ETF offers a more favorable expense ratio of 0.25% [6]

Market Performance - The S&P 500 reached a new record high this week, momentarily surpassing 7,000 for the first time, but concluded the week with a modest gain of 0.3%, now 0.56% off its all-time high from January 12, 2026 [1] - The S&P 500 is currently up 1.37% year to date, while the S&P Equal Weight Index is up 3.28% year to date, indicating a stronger performance for the equal-weighted index [5] Historical Context - The S&P 500 reached an all-time high of 1565.15 on October 9, 2007, before experiencing a significant drop of approximately 57% during the Global Financial Crisis, closing at 676.53 on March 9, 2009 [2] - It took over 5 years for the index to reach a new all-time high on March 28, 2013, closing at 1569.19 [2] Volatility Insights - The index experienced its largest intraday price volatility of 10.77% on April 9, 2023, the highest since December 24, 2018, which had a volatility of 19.10% [4] - The average percent change from the intraday low to the intraday high over the past 20 days is 0.78% [4] Moving Averages - The S&P 500 has been above the 50-day moving average since January 20 and above the 200-day moving average since May 12, with the 50-day moving average above the 200-day moving average since July 1 [3]

ABRDN实物 白银股票ETF下跌14.2%，Global X白银矿业ETF下跌7.5%，iShares白银 信托下跌14%。 ...

来源：格隆汇 1月30日，全球资本市场迎来了2026年的第一个"黑色星期五"。 （来源：格隆汇APP） 失控狂涨的贵金属，突然轰然砸出一个深坑。 截至A股收盘，黄金期货主力合约也大跌4.71%，白银暴跌6.03%创下自2025年4月8日以来最大单日跌幅；钯金、铂金更是双双暴跌近12%，同时在股市里 的贵金属概念股同样几乎集体跌停； 美国市场方面，截至发文时间，纽约白银主力合约一度大跌近17%，美股白银ETF指数盘前暴跌超14%，同时美股纳指盘前也一度下跌了超1%。 就在昨晚，重磅消息传出，特朗普将提名凯文·沃什执掌美联储主席，并在今晚官宣！ 在此前，沃什一直被视为美联储偏鹰派候选人，市场预期他如果上任美联储的降息节奏将更慢、甚至可能在降息同时推进缩表，收紧长期流动性。 目前沃什在博彩网站的胜出概率瞬间已飙升到了93%，这意味着，美联储已很有可能开始进入"沃什时代"。 这会是今天贵金属突然暴跌的导火索吗？ 01 白银全球暴跌之谜 回顾近几个月来，随着全球资金持续疯狂涌入，最终使得以白银为首的贵金属出现"史诗级"飙涨行情，甚至到达接近失控的程度。 其中纽约白银期货主合约从2025年4月的低点27.55美元/盎司开 ...

Quick Read SCHD invests in companies with strong dividend histories for steady income. JEPI writes call options against S&P 500 holdings to generate higher-yielding monthly income. MUB invests in investment-grade municipal bonds with federally tax-exempt interest payments. Investors rethink 'hands off' investing and decide to start making real money There's a reason a lot of people end up getting stretched thin financially in retirement. They expect Social Security to cover all of their bills onl ...

On January 20, 2026, Moseley Investment Management disclosed a significant buy of iShares iBonds Dec 2026 Term Treasury ETF (NASDAQ:IBTG), acquiring 456,322 shares in an estimated $10.45 million trade based on quarterly average pricing. What happened According to a January 20, 2026, SEC filing, Moseley Investment Management increased its stake in iShares iBonds Dec 2026 Term Treasury ETF by 456,322 shares. The estimated value of the buy was $10.45 million, calculated using the quarter’s average closing p ...

The iShares Russell 1000 Growth ETF ( IWF ), which completed its silver jubilee (25 years) as a listed product in May 2025, has so far, amassed total assets under management [AUM] of $122B across its lifetime. IWF, which is backed byAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation ...

Core Viewpoint - Gold prices are experiencing a significant rally, nearing the $5,600 per ounce mark, driven by geopolitical tensions and the Federal Reserve's decision to maintain interest rates [1][2][3]. Group 1: Gold Price Movement - Gold has gained over 10% in just four sessions, reaching an all-time high of $5,595.44 [1][5]. - As of the latest check, gold spot is trading at $5,506.47, with technical resistance identified between $5,525 and $5,600 [5]. Group 2: ETF Performance - Five key gold ETFs have entered the top 10th percentile of momentum scores, indicating strong relative price strength and volatility [1][2]. - The ETFs include Goldman Sachs Physical Gold ETF, SPDR Gold Trust, SPDR Gold MiniShares Trust, iShares Gold Trust, and VanEck Merk Gold ETF, all showing positive momentum across three critical timeframes [2]. Group 3: Market Dynamics - The Federal Reserve's decision to keep interest rates unchanged at 3.50%–3.75% has lowered the opportunity cost for holding gold, reinforcing prolonged monetary support [2][3]. - Investors are increasingly moving towards tangible assets like gold due to rising geopolitical uncertainties, particularly tensions between the U.S. and Iran [3][4]. Group 4: Investor Outlook - The short-term outlook for gold is positive, with an upward trend observed over the last couple of months [5]. - The medium-term trend has also been sustained positively over the last couple of quarters, while the long-term outlook shows a sustained upward movement over the past year [5].

Core Viewpoint - The U.S. dollar has reached a four-year low, influenced by various factors including expectations of further Federal Reserve rate cuts, tariff-related uncertainties, and concerns regarding Fed independence, which have collectively diminished investor confidence in the U.S. macroeconomic outlook [1]. Economic Indicators - The U.S. Dollar Index (DXY) has decreased by 1.94% over the past month and 10.74% over the past year, with an all-time decline of 19.81% [2]. Interest Rate Expectations - Anticipations of further interest rate cuts by the Federal Reserve in 2026 are contributing to the dollar's decline, as lower rates make the dollar less appealing to foreign investors [3][4]. Geopolitical Factors - Geopolitical tensions and renewed tariff frictions have heightened market volatility, leading to a decrease in investor appetite for U.S. assets and a rotation of capital away from the United States, which further pressures the dollar [5][6]. Capital Flows - A significant outflow of capital from U.S. equity funds was noted, with investors withdrawing a net $5.26 billion in the week ending January 21, indicating reduced demand for the dollar [7]. Investment Strategies - In light of the weakening dollar, portfolio diversification and hedging are becoming increasingly important for investors. Funds such as the WisdomTree Emerging Currency Strategy Fund (CEW) provide exposure to various emerging currencies and have seen a positive performance, gaining 1.24% over the past month and 13.94% over the past year [9][10]. Precious Metals - The weakening dollar has led to increased interest in precious metals, with commodity funds attracting a net inflow of $1.96 billion in the week ending January 21, marking a trend of net purchases over 10 out of the last 11 weeks [12]. Emerging Market Opportunities - The decline of the dollar is also driving interest in global equity funds, particularly emerging market ETFs, which may offer higher returns for investors willing to take on additional risk [14][15].

Core Insights - The Invesco S&P SmallCap 600® Pure Value ETF (RZV) is expected to underperform the market as represented by the iShares Core S&P [1] Group 1: Investment Strategy - The ETF employs a maximalist value strategy, which may not align with current market conditions [1] - The individual investor and writer, Vasily Zyryanov, focuses on identifying underpriced equities with strong upside potential and overappreciated companies with inflated valuations [1] Group 2: Sector Focus - Zyryanov pays particular attention to the energy sector, including oil & gas supermajors, mid-cap, and small-cap exploration & production companies, as well as oilfield services firms [1] - His research also encompasses various other industries, such as mining, chemicals, and luxury goods [1] Group 3: Analytical Approach - A meticulous assessment of Free Cash Flow and Return on Capital is emphasized to gain deeper insights into investment opportunities [1] - The belief is that while some growth stocks may deserve premium valuations, it is crucial for investors to evaluate whether the market's current opinions are justified [1]