Hello, I'm Frank Colin. Welcome to CNBC. com.We are talking the current ETF market, which year to date has net inflows of $1.09% trillion, very close to last year's record of 1.12% trend. And to discuss ETFs, and also get an ETF pick. I'm joined by Jay Hatfield, the CEO, the CEO of Infrastructure Capital Partners.You're also the CIO, Jay. Thanks for joining us. >> Thanks, Frank.Great to be on. >> All right. ETF inflows topping one trillion again for the second straight year.What do you think that says about ...

Is it over. >> Uh, yeah. >> Woo.>> It's over. >> What the hell is going on in crypto right now. And what comes next.Because rate cuts are here. Quantitative tightening is coming to an end, meaning quantitative easing is just about to begin. Trump and she had a successful meeting. America and China had a successful meeting.But meanwhile, Bitcoin continues to dump while alts bleed to new lows. I'm tired, boss. >> What the hell is going on here.So, let me get this straight. No rate cuts, we see a dump. Rate cu ...

Joining me now to discuss is JP Morgan's global chairman of investment banking and capital markets, Liz Meyers. Liz, thanks for being here. Yeah, >> great to be here.>> So, we saw the IPO window opening and then of course over the last 28 days, we've had this government shutdown. So, how would you characterize the pipeline now and just the overall sentiment around the capital markets. Well, I would say notwithstanding the this brief pause in things, the IPO market's been really vibrant and I think what's be ...

Market Analysis & Trends - Bitcoin closed above the bull market support band, a crucial indicator for maintaining the current cycle [2][3] - Staying above the 50-week moving average is vital for the bull market's integrity; the 50-week moving average is approximately $13,000 [6][8] - Bitcoin dominance has been slowly trending higher, moving from 57% to 59% over the past month and a half [17] - A break above 60% Bitcoin dominance could trigger a significant surge [18] Key Levels & Indicators - The 20-week SMA is around $13,400, and Bitcoin closed the week at $13,550 [8] - Watching for weekly closes below prior highs, especially around $125,000 if new all-time highs are reached, is crucial for identifying potential market turning points [16][22] External Factors - Speculation about the Federal Reserve potentially ending quantitative tightening may be influencing Bitcoin dominance [9][10]

Technological Disruption - The financial industry may struggle to comprehend emerging technologies like the internet, Bitcoin, or artificial intelligence, similar to how JP Morgan might have struggled to understand them 100 years ago [1]

Mackenzie Sagalas is here on the rally in Coinbase. Phil Leau is tracking the action in Ford. Mac, we begin with you on coin.Coinbase shares are up around 10%, Scott, after JP Morgan upgraded its rating to overweight and raised its price target to $44, citing new opportunities and an attractive valuation. Now, the bank saying the stock still looks undervalued compared to other public crypto companies like Circle and Bullish. One key catalyst here, how Coinbase is monetizing USDC, that dollarback stable coin ...

Market Sentiment & Trade - Market views any positive developments in China trade favorably [1] - Market had shifted focus away from trade until recent trade tensions resurfaced, impacting AI-related sectors due to rare earth material concerns [2] - Market sentiment is currently focused on a strong economy, positive earnings, and potential rate cuts [3] - China trade headline risk is present, but not viewed as material risk based on CH's calm reaction [6][7] Momentum & Rotation - Market experienced a momentum unwind, potentially nearing its end, with the first negative month in seven and declines in MTUM names [4][9] - Despite the momentum unwind, the overall market remains up, indicating a rotational move rather than outright distribution [10] - Momentum shakeout hasn't significantly impacted broader market sectors; some sectors like healthcare and discretionary are improving [11][12] - Debate exists whether the momentum unwind is over or still in progress, with Morgan Stanley suggesting it's only halfway through [9] Sector Performance & Economic Indicators - Defensive sectors, like healthcare, are outperforming in October, potentially due to profit-taking and rotation into underperforming assets [5] - Banks are showing slight weakness, but overall, leaning into strength is still favored [8] - High yield CDX remains relatively calm despite bankruptcies, indicating no significant deterioration in credit markets or consumer stocks; consumer stocks may be reaccelerating [7] - Utilities' performance is tied to power and AI, diminishing its reliability as a defensive sector indicator [14] Market Breadth & Global Markets - Market breadth remains relatively strong, with a significant percentage of S&P 500 companies above their 200-day moving average [15] - Global markets, including China, Japan, and Europe, are reaching new highs, indicating no widespread negative impact from the momentum unwind [12]

Market Outlook - JP Morgan expects the Fed to end Quantitative Tightening (QT) during this month's FOMC meeting [1] - The end of QT is considered bullish for markets [1]

Pro tip for Scott Bessent from @JPSpinetto: Argentina’s latest market turmoil reflects deep, historic uncertainty that a US Treasury lifeline is unlikely to fix (via @opinion) https://t.co/f1Wx9oq7Xi ...

The Kadena organization is shutting down, and while the JP Morgan vets' blockchain will remain online, the KDA token is plummeting. https://t.co/apwwBWcciF ...