Eric Balchunas

Eric Balchunas


Senior ETF Analyst for @Bloomberg Intelligence. Tired Dad. Rutgers Alum. Gen X-er. Catch me on “ETF IQ” on @BloombergTV & “Trillions” on iTunes.

34449 followers  •  2300 follow  •    •   https://t.co/J79h0H0niK

Slay Jr is awesome, a bright spot on this shaky team, as well as one of the Top 5 coolest names ever for a CB. So perfect seeing it on the back of his jersey after he wreaks havoc on some poor WR.

Couple things on the "record" stock fund outflows last wk that BoFA reporting: 1. $10.5b of it is SPY, which counts but this isn't ma and pa, mostly trader noise. 2. $3b of it is Vgrd heartbeat trade so shouldn't count. 3. $15b is active MFs, but they lose that much every wk.

Meanwhile $QQQ took in $7b as did many US eq ETFs. The whole scary headline is built on the abnormal $10b in outflows for $SPY. But that could come back in 2min bc institutions plus its volume last wk was meh=no one panicked, hence the bounce today.

@nategeraci  It is weird although tbd I feel like this year really silenced a lot of ppl, Tesla shorts were a big % of her bashers and they are curr in hiding.

“With their beloved Greek letters” is just one of many scathing lines in this piece about how NYC subway pension (and other institutions) lost 95% of their investment in a HF called “Structured Alpha

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Philly. Nature knows better than to f with us.

Actual sign on 95S. Philly sports is in a sad state to say the least. I feel no empathy, front office did it to themselves by trying to outsmart the obvious..

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Interesting post on Reddit and something I suspect we'll see more with each correction: retail traders surrendering to the comfort and logic of diversified funds, which most curr shun bc not "fast" enough..

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Interesting.. ARK Adds SPAC Led By Chamath Palihapitiya to $ARKW Ahead Of Opendoor Merger $IPOB via @benzinga 

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Boom--> NYSE files to list leveraged Bitcoin ETFs, many flavors incl 2x and -2x, here's full list, h/t @fintechfrank 

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The Robinhood Effect in one glorious chart via @NateGeraci 

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ETFs saw $31b(!) in outflows last week. To illustrate how crazy that is, here's ETF flows for the past 80 weeks..

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History was made today as $SPY became the first security to ever trade over $100b in a day (104b to be exact). An absurd amount of activity that speaks to the deep level of fear in the market and gravity of situation. (for context $AAPL's avg daily volume is like $6b).

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Robinhood makes about $100m selling order flow. Here's a nice breakdown of who is paying for it:

NO FEAR: $SPY volume is DEAD, only $12b traded past two days, lowest reading since Christmas Eve. Even some single stocks traded more, which rarely happens. No one tweaking their portfolio, feeling content, a confluence of Fed pacification, late summer-ness and sports returning..

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TIL: Robinhood traders only acct for about 1% of equity volume (altho they get about 50% of the attn)

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