Sumit Roy

Can the global economy avoid an oil crisis if the Strait of Hormuz remains shut? Let’s do the math.

Oil prices vs the stock market. Notice any patterns? Cause I don’t

Isn’t it funny that colloquially platinum is considered more prestigious than gold, yet today gold is 2.5x more valuable than platinum? For many years platinum actually was the more expensive metal, so the framing stuck around even after the pricing flipped.

2026's best performing ETF with a 243% gain is $BWET. The fund tracks tanker freight futures which have surged due to the war in the Middle East. But shipping rates have historically been mean reverting, making the ETF more like a trading tool than an investment. Case in point: $BDRY, which tracks dry bulk freight futures, saw a massive spike of its own in 2021, but gave it all back the following year.

Korean stocks are down 17% from their highs*, but would need to fall another 22% from here to erase their 2026 gains. Not a prediction! Just a little context for how crazy the move higher has been *(based on overnight trading in $EWY)

Hard to think of a stock sitting at the center of two more diametrically opposing narratives than Palantir ( $PLTR). On one hand, the world is in chaos, defense spending is surging, and governments need AI to combat enemies. On the other, there are growing fears that AI will destroy software business models. Forward EV/sales is down to 44x from 88x, but this is still an expensive stock! Bulls haven't given up on it

The average Magnificent 7 stock is down 16% from its highs, yet the S&P 500 is down just 1.6%! Maybe concentration risk isn’t as big a deal as people think? $MSFT -27.2% $META -18.4% $TSLA -17.8% $AMZN -17.8% $NVDA -13% $GOOGL -10.2% $AAPL -6.2% $QQQ -4.6% $VOO -1.6% Mag 7 % of S&P 500: 33% Mag 7 % of Nasdaq 100: 41%

The $ORR ETF managed by @orrdavid is crushing the S&P 500 for a second straight year. A look at the long/short strategy: etf.com/sections/featu…

With $WMT trading at a 45x forward P/E, how much would $AMZN's retail business be worth as a standalone company?

Bitcoin fell below two symbolic levels today: its pre-Trump election price and its 2021 cycle high (today's intraday low $66,600) $BTC

It's hard to get excited about software stocks right now, but $IGV (software ETF) is getting close to a decent layer of support. Could be enough for at least a short-term bounce

$PLTR is trading at its lowest forward EV/Sales ratio since last April. Still super expensive but hey, it's a pretty big drop from the high! (44x today vs 88x)

My interview is here: etf.com/sections/featu…

Just had a nice chat with Maurits Pot, who is behind the $DSPY ETF. It's an interesting way to reduce stock market concentration risk. Basically they take each position in the S&P 500 (the biggest stock, the second biggest stock, etc.) and look at the average historical weighting for that position and weight the current stocks in the index based on those weights. So $NVDA today is 4% in this ETF vs 7.5% for a traditional S&P 500 fund like $VOO. Worth a look if concentration risk is something you're worried about

It's still in the red on a year-to-date basis though ($332 million of outflows)

$SLV had the largest inflow in its 20 year history yesterday ($2.7 billion) per Bloomberg

@BobPisani @etfcom Thanks Bob!

Here is a great example of how leveraged ETFs can play an outsized role in pricing, in this case a leveraged silver ETF. Good job by @sumitroy2. bit.ly/4ryqM2N @etfcom

The SpaceX stake in Ron Baron's ETF $RONB was reduced from 22% to 14% in the past week as $46 million has flowed into the fund. Dilution is a real risk for these funds that hold private investments!