The following are some of the news items mentioned in the first few days of Feb 2024:

  • Given the gloomy chinese markets, most of the money is flowing in to overseas ETFs. In Jan 2024, there was 2 busd fund inflows in to ETFs that stock US markets. There was 204 musd inflows in to Japanese markets
  • CSI 300 has tumbled to a five year low after losing more than 7pct this year.
  • Invesco Great Wall Fund Managment’t ETF tracking the Nasdaq 100 had the heaviest inflow last month at 513 musd
  • Since the debut, the nine new ETFs have received 5.2 busd in inflows, offsetting the 4.4 busd in outflows from GBTC.
  • With the nonfarm payroll data coming in strong, it seems unlikely that fed will start cutting in March this year
  • Magnificent Seven accounted for 45 pct of the SPY return in Jan
  • Meta dazzled the shareholders with yet another impressive earnings report, soared 20 pct. The stock was trading at 398 on Feb 1 and it rallied to 475 by the end of next day.
  • GBTC discount goes to zero
  • Reddit picks NYSE for IPO