Services and luxury retail. Love them or hate them, etfs are here to stay, and etf nerds get a read on the Broader Market trends. Eric balchunas is very comfortable being known as bloombergs head etf nerd. Eric every week we talk about flows going into etfs. And we talk about flows into active. If you add them together you get a negative number, 150 to 180 billion has flown out of the whole enchilada this year. Thats what this shows, the cumulative flows into u. S. Stock funds have been drifting down, and this year it has been 150 billion. That seems counterintuitive given the market is going up. People are wondering, are investors bailing on the stock market . The answer is no, heres why, lets look at the assets. This is the law of large numbers. 10 trillion are in ets, index funds that mutually invest in stocks. The market is up 25 thats a 2. 5 trillion asset gain. Thats a good year. Heres the outflow. 150 billion is put into scale by looking at this. Essentially investors have sold
Joins us to share how price conscious shoppers are navigating the store. Katie welcome to bloomberg markets. You take a look at these market and it is definitely a monday morning. The s p 500 up by about half of 1 building on last weeks losses. The same thing if you look at the nasdaq 100 and the big stocks. All the while you are seeing a little bit of a bump to volatility. The picture now higher by about one point or so, looking at a 16 handle. But lets get back to reddit because reddit and its investors looking to raise as much as 748 million, one of the biggest ipos so far this year. Ed ludlow joins us from San Francisco with the latest. 31 34 per share, where would that put us . The upper end of the range, it is a valuation of five point 4 billion. But if you take a look at the diluted valuation which would include restricted stock units, options awarded staff, it is nearer to 6. 4 billion. Either way, it is a significant ipo in the Technology Sector for this year and it has been a
Welcome to barrons round table getting behind the headlines and prepare you for the week ahead. Im jack otter. Coming up, most investors would rather paloer taxes and Franklin Tempton cio explains where to get tax free gains and well dive into the next big trends for the coming years and years t intelligence and how you can invest and some earning more based on companys esg performance. Is this another ploy to raise salaries. We begin with three things investors ought to think about right now. Wasnt just big tech this week. The entire market did well. Plus, the may jobs report shows while the economy added more jobs than expected, Unemployment Rate shot up. More big retailers are getting caught up in the culture wars with ad campaigns tied to pride month and interesting investing opportunity here. And an ftc crackdown on mna means Arbitrage Funds may be great investments. I have my guests with me tonight. Ben, weve been talking every week about how its only tech stocks driving the mark
So he says were going with jordan . Guess what, theyre going to go with jordan. Its basically all done by the crying at this point. Because the white house says, no, he has to take it back, now theyre taking action because the border issue is going to affect the next election. This is about math. Trying to do something to save their butts in the election. When it comes to the democratic party, the party has not been messaging to black males when it relates to crime and the border and all these other issues, and the economy as well. Inflation is still a positive number. You can tell me its decreasing when it actually goes negative, then ill believe its actually decreasing. You can stand under my umbrella stuart all right. Good morning, everyone. Yes, it is 11 00 on the east coast. This is friday all day. On the markets, up and down and down and and up, all over the place. Strong employment report this morning, the market went down, then came back, down again, now your dow is down 45, an
Were going to tell you about the new drug trial results weighing on that company today. Guess how it went. Well, it went well for someone else yeah. Exactly. Box office blues Movie Theater stocks are getting crushed again today. Six superheroes cant even save those shares being very opaque here but well explain coming up in a little bit. First, breaking news, just this afternoon on fed chair janet yellen, our dom chu has more on the story. All right, so guys, Federal Reserve chairman janet yellen will be leaving the fed completely in february and this is what some fed observers say is no real surprise. Fed chair yellens term as chairman expires in february we know this and President Trump has already made his pick to be the next fed head thats current fed governor Jerome Powell, of course, pending confirmation by the senate there had been some speculation around the notion, perhaps, yellen would maintain a presence on the fed board of governors since her term adds a governor of the cen