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A Goldilocks economy is the one that has been witnessing steady economic growth but not so much that it can stoke inflation.The US economy is currently in this situation.
ETFs across various categories pulled in $22.1 billion in capital last week.
Here we are, another week and another notch on the bull market belt. Last weekend, we were very bullish coming into this past week on Small Caps, Biotechnology and Regional Banks.
To gain an edge, this is what you need to know today.
The world's biggest economy's growth accelerated in the second quarter, primarily driven by solid consumer spending and higher business investment despite high interest rates.
In recent weeks, investors started pouring significant money into small-cap stocks. The move came after years during which the Street shunned the names because it believed they were not attractive in an era of high interest rates.
Recent economic indicators are helping to make the case for small-cap investing. June's Consumer Price Index (CPI) report dropped by 0.1% for the month, marking the index's first drop since May 2020.
On this week's episode of ETF Prime, host Nate Geraci sat down with VettaFi Editor-in-Chief Lara Crigger to look at the recent rotation into small-cap stocks. Later, Geraci welcomes Bitwise Asset Management CIO Matt Hougan to discuss the investment case for the newly launched spot ether ETFs.
Small-cap stocks moved higher early Tuesday. The Russell 2000 was recently up nearly 1%, outperforming the S&P 500 in morning action.
ETFs across various categories pulled in $49.4 billion in capital last week, pushing the year-to-date inflows to $406.3 billion.