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A 3x leverage Tesla ETP, or exchange-traded product, is a financial instrument that enables investors to gain exposure to Tesla stock with daily three times the leverage. This means that for every $1 invested in the ETP, an investor would have $3 in daily exposure to Tesla's stock less the management fees.

Topic: Industrials , Technology

Publication Type: ETP and Industry

3x Leverage Tesla ETP Explained

15 March, 2023 | GraniteShares
A 3x leverage Tesla ETP, or exchange-traded product, is a financial instrument that enables investors to gain exposure to Tesla stock with daily three times the leverage. This means that for every $1 invested in the ETP, an investor would have $3 in daily exposure to Tesla's stock less the management fees.

Exchange-traded products (ETPs) are a popular way for investors to gain exposure to various asset classes, such as stocks, bonds, commodities, and currencies. Within the ETP universe, there are two types of products that have gained increasing attention in recent years: short and leveraged ETPs. These products offer the potential for higher returns but come with higher risks.

Topic: Industrials , Technology , Single Stocks

Publication Type: Articles , ETP and Industry

How Short & Leveraged ETPs Work

07 March, 2023 | GraniteShares
Exchange-traded products (ETPs) are a popular way for investors to gain exposure to various asset classes, such as stocks, bonds, commodities, and currencies. Within the ETP universe, there are two types of products that have gained increasing attention in recent years: short and leveraged ETPs. These products offer the potential for higher returns but come with higher risks.

ETPs are exchange-listed investment vehicles. They are the type of securities that are designed to track the underlying security, an index, or other financial instruments. ETPs are just like stocks trade on the stock exchange i.e., their prices fluctuate on a day-to-day basis and intraday. These instruments are considered a low-cost alternative to mutual funds as well as actively managed funds. ETPs can be of a particular stock, indexes like NYSE ETPs, sector-specific indexes, or commodities like gold ETPs, and currencies.

Topic: Technology

Publication Type: Education , Articles , ETP and Industry

All about Exchange Traded Products (ETPs)

04 July, 2022 | GraniteShares
ETPs are exchange-listed investment vehicles. They are the type of securities that are designed to track the underlying security, an index, or other financial instruments. ETPs are just like stocks trade on the stock exchange i.e., their prices fluctuate on a day-to-day basis and intraday. These instruments are considered a low-cost alternative to mutual funds as well as actively managed funds. ETPs can be of a particular stock, indexes like NYSE ETPs, sector-specific indexes, or commodities like gold ETPs, and currencies.

In 2011, China had become a leading manufacturing nation, and later in 2013, it became a leading trading nation. By 2020, the nation had many new patents that were granted each year as the US and Japan combined. The company has been the second-largest economy in the world for 11 consecutive years since 2010. For four straight years, China has been number one in terms of traded volumes in the world. China in 2017 jumped up in traded volume from 26th position in the world and stayed number one since. At present, the country has become the world’s biggest export and importer as well as they are the second-largest importer.

Topic: Financials , Industrials , Technology

Publication Type: Articles , ETP and Industry , Investments

How to Short China

04 July, 2022 | GraniteShares
In 2011, China had become a leading manufacturing nation, and later in 2013, it became a leading trading nation. By 2020, the nation had many new patents that were granted each year as the US and Japan combined. The company has been the second-largest economy in the world for 11 consecutive years since 2010. For four straight years, China has been number one in terms of traded volumes in the world. China in 2017 jumped up in traded volume from 26th position in the world and stayed number one since. At present, the country has become the world’s biggest export and importer as well as they are the second-largest importer.

The Rolls Royce Holding Plc (LON: RR) brand has always been synonymous with precision engineering and high-quality machinery for around a century. The company designs, manufactures, builds, and services integrated power systems that are used on water land or air. However, recently the stock took severe beatings due to various external factors affecting the economy as well as the company’s stock price and financials.

Topic: Industrials

Publication Type: ETP and Industry

Rolls Royce: is it worth investing in now?

04 July, 2022 | GraniteShares
The Rolls Royce Holding Plc (LON: RR) brand has always been synonymous with precision engineering and high-quality machinery for around a century. The company designs, manufactures, builds, and services integrated power systems that are used on water land or air. However, recently the stock took severe beatings due to various external factors affecting the economy as well as the company’s stock price and financials.

How To Short Tesla Stock? Shorting Tesla stock, or Tesla short selling, is a type of investment strategy that many experienced traders repeatedly use. Investors borrow stock from their broker’s inventory and promise to return them once short selling has finished. It usually works as follows:

Topic: Technology

Publication Type: Investment Cases , Investments , Single stock research

How To Short Tesla Stock

09 March, 2023 | GraniteShares
How To Short Tesla Stock? Shorting Tesla stock, or Tesla short selling, is a type of investment strategy that many experienced traders repeatedly use. Investors borrow stock from their broker’s inventory and promise to return them once short selling has finished. It usually works as follows:

In 2011, China had become a leading manufacturing nation, and later in 2013, it became a leading trading nation. By 2020, the nation had many new patents that were granted each year as the US and Japan combined. The company has been the second-largest economy in the world for 11 consecutive years since 2010. For four straight years, China has been number one in terms of traded volumes in the world. China in 2017 jumped up in traded volume from 26th position in the world and stayed number one since. At present, the country has become the world’s biggest export and importer as well as they are the second-largest importer.

Topic: Financials , Industrials , Technology

Publication Type: Articles , ETP and Industry , Investments

How to Short China

04 July, 2022 | GraniteShares
In 2011, China had become a leading manufacturing nation, and later in 2013, it became a leading trading nation. By 2020, the nation had many new patents that were granted each year as the US and Japan combined. The company has been the second-largest economy in the world for 11 consecutive years since 2010. For four straight years, China has been number one in terms of traded volumes in the world. China in 2017 jumped up in traded volume from 26th position in the world and stayed number one since. At present, the country has become the world’s biggest export and importer as well as they are the second-largest importer.

The automotive giant became the first to launch and adopt an electric vehicle. The company recently announced its first-quarter earnings for 2022. The revenue increased by 81% and operating profits were up by 137% (Source: Tesla investor relations). Even with stable earnings for the company the stock had been volatile, increasing 5% when the results were announced and later it plunged.

Topic: Technology

Publication Type: Investment Cases , Investments , Single stock research

Leveraging Tesla using ETPs

26 May, 2022 | GraniteShares
The automotive giant became the first to launch and adopt an electric vehicle. The company recently announced its first-quarter earnings for 2022. The revenue increased by 81% and operating profits were up by 137% (Source: Tesla investor relations). Even with stable earnings for the company the stock had been volatile, increasing 5% when the results were announced and later it plunged.

Check out this article for information about Leveraging Apple Stock safely and a groundbreaking firm that will help you expand your investment portfolio with little hassle.

Topic: Technology

Publication Type: Investment Cases , Investments , Single stock research

Apple Leverage Shares

18 May, 2022 | GraniteShares
Check out this article for information about Leveraging Apple Stock safely and a groundbreaking firm that will help you expand your investment portfolio with little hassle.

Will Rhind, Founder and CEO at ETF provider GraniteShares is warning that Elon Musk’s growing association with cryptocurrencies could lead to growing volatility in Tesla’s share price. Elon Musk has just announced that his rocket company SpaceX will now accept the meme-inspired cryptocurrency dogecoin as payment. Earlier this year Tesla bought $1.5 billion of Bitcoin, and Elon Musk regularly posts positive comments about cryptocurrencies on Twitter.

Topic: Technology

Publication Type: Investments , Single stock research

TESLA’S GROWING ASSOCIATION WITH CRYPTOCURRENCIES

13 May, 2021 | GraniteShares
Will Rhind, Founder and CEO at ETF provider GraniteShares is warning that Elon Musk’s growing association with cryptocurrencies could lead to growing volatility in Tesla’s share price. Elon Musk has just announced that his rocket company SpaceX will now accept the meme-inspired cryptocurrency dogecoin as payment. Earlier this year Tesla bought $1.5 billion of Bitcoin, and Elon Musk regularly posts positive comments about cryptocurrencies on Twitter.

How To Short Tesla Stock? Shorting Tesla stock, or Tesla short selling, is a type of investment strategy that many experienced traders repeatedly use. Investors borrow stock from their broker’s inventory and promise to return them once short selling has finished. It usually works as follows:

Topic: Technology

Publication Type: Investment Cases , Investments , Single stock research

How To Short Tesla Stock

09 March, 2023 | GraniteShares
How To Short Tesla Stock? Shorting Tesla stock, or Tesla short selling, is a type of investment strategy that many experienced traders repeatedly use. Investors borrow stock from their broker’s inventory and promise to return them once short selling has finished. It usually works as follows:

Investors looking to invest in Tesla should check out these new ways to short Tesla (TSLA) Stock.  Also, take a look at GraniteShares 3x Short Tesla Daily ETP or Short 3x Tesla or -3x Tesla Short.

Topic: Telecoms , Industrials , Technology

Publication Type: Articles , Single stock research

New ways to Short Tesla

30 December, 2022 | GraniteShares
Investors looking to invest in Tesla should check out these new ways to short Tesla (TSLA) Stock.  Also, take a look at GraniteShares 3x Short Tesla Daily ETP or Short 3x Tesla or -3x Tesla Short.

How to Leverage Tesla? You can Leverage Tesla using our single stock 3x Leverage Tesla ETP. The ETP tracks the performance (excluding fees and other adjustments) of the "Solactive Daily Leveraged 3x Long Tesla Inc Index". The index seeks to provide 3 times the daily performance of Tesla Inc shares.

Topic: Industrials , Technology

Publication Type: Single stock research

How to Leverage Tesla Stock

07 October, 2022 | GraniteShares
How to Leverage Tesla? You can Leverage Tesla using our single stock 3x Leverage Tesla ETP. The ETP tracks the performance (excluding fees and other adjustments) of the "Solactive Daily Leveraged 3x Long Tesla Inc Index". The index seeks to provide 3 times the daily performance of Tesla Inc shares.

Exchange-Traded Fund (ETFs) and Exchange Traded Products (ETPs) both in recent times have been exploding and gaining traction from investors. So, it seems like a good opportunity to guide the investors to make an informed decision as to which financial product suits them the best. We will be discussing some of the financial terms people are confused with if what is the differentiating factor Between ETFs and ETPs.  

Publication Type: Single stock research

ETF or ETP - what is the difference?

07 October, 2022 | GraniteShares
Exchange-Traded Fund (ETFs) and Exchange Traded Products (ETPs) both in recent times have been exploding and gaining traction from investors. So, it seems like a good opportunity to guide the investors to make an informed decision as to which financial product suits them the best. We will be discussing some of the financial terms people are confused with if what is the differentiating factor Between ETFs and ETPs.  

Shell PLC (LON: SHEL) is formerly known as Royal Dutch Shell the international energy and petrochemical company formed through a merger of Royal Dutch Petroleum and ‘Shell’ Transport and Trading company in 1907. The company specializes in the exploration of oil and gas and produces fuels, chemicals, and lubricants. Shell is also involved in the marketing and shipping of oil products and chemicals, gas, oil production, and natural gas as well as electricity. In recent times, the company also seems interested in renewable sources of energy including wind, solar, and hydrogen.

Topic: Industrials

Publication Type: ETP and Industry , Single stock research

Shell - Long or Short?

04 July, 2022 | GraniteShares
Shell PLC (LON: SHEL) is formerly known as Royal Dutch Shell the international energy and petrochemical company formed through a merger of Royal Dutch Petroleum and ‘Shell’ Transport and Trading company in 1907. The company specializes in the exploration of oil and gas and produces fuels, chemicals, and lubricants. Shell is also involved in the marketing and shipping of oil products and chemicals, gas, oil production, and natural gas as well as electricity. In recent times, the company also seems interested in renewable sources of energy including wind, solar, and hydrogen.

An up week for all 3 major stock market indexes, rising every day but Wednesday (FOMC announcement day) and despite hawkish Fed Chair Powell comments and lingering banking system concerns. The week opened with news of the UBS acquisition of Credit Suisse helping to slightly alleviate banking system concerns and moving stock markets higher. Focused concerns still remained, however, with First Republic Bank share prices falling nearly 50% (on Monday). All 3 major stock market indexes powered higher Tuesday on the back of diminished banking system concerns and expectations of a “supportive” Fed decision Wednesday. Treasury rates, steeply lower on the back of flight-to-quality investing, reflecting this same sentiment rose sharply Tuesday with the 2-year Treasury rate, for example, climbing 25 bps higher An as-expected 25bp rate hike accompanied by less-than-accommodative comments from Chairman Powell reversed Tuesday’s sentiment, sending stock indexes sharply lower and Treasury rates, once again, sharply lower. While Chairman Powell stated he expected one more 25bp rate increase this year, he also insisted he did not expect the Fed to ease in 2023 despite very possible restrictive credit conditions arising from the current health of the banking system. Risk-on sentiment returned Thursday, though, with markets more or less refuting Chairman Powell’s comments, believing the Fed would indeed ease in 2023, bolstering stock prices and moving Treasury rates lower through the end of the week. Fresh banking system concerns Friday, sending Deutsch Bank shares pronouncedly lower, moved larger bank stock prices lower (though not regional bank stock prices), capping index level gains. For the week, the S&P 500 Index increased 1.4% to 3,970.99 the Nasdaq Composite Index rose 1.7% to 11,823.96, the Dow Jones Industrial Average increased 1.2% to 32,238.15, the 10- year U.S. Treasury rate fell 7bps to 3.37% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) weakened 0.6%.

Topic: Telecoms , Financials , Basic Materials , Energy , Industrials , Technology

Publication Type: Market Commentaries

The Long and Short of it, week ending 24 March 2023

28 March, 2023 | GraniteShares
An up week for all 3 major stock market indexes, rising every day but Wednesday (FOMC announcement day) and despite hawkish Fed Chair Powell comments and lingering banking system concerns. The week opened with news of the UBS acquisition of Credit Suisse helping to slightly alleviate banking system concerns and moving stock markets higher. Focused concerns still remained, however, with First Republic Bank share prices falling nearly 50% (on Monday). All 3 major stock market indexes powered higher Tuesday on the back of diminished banking system concerns and expectations of a “supportive” Fed decision Wednesday. Treasury rates, steeply lower on the back of flight-to-quality investing, reflecting this same sentiment rose sharply Tuesday with the 2-year Treasury rate, for example, climbing 25 bps higher An as-expected 25bp rate hike accompanied by less-than-accommodative comments from Chairman Powell reversed Tuesday’s sentiment, sending stock indexes sharply lower and Treasury rates, once again, sharply lower. While Chairman Powell stated he expected one more 25bp rate increase this year, he also insisted he did not expect the Fed to ease in 2023 despite very possible restrictive credit conditions arising from the current health of the banking system. Risk-on sentiment returned Thursday, though, with markets more or less refuting Chairman Powell’s comments, believing the Fed would indeed ease in 2023, bolstering stock prices and moving Treasury rates lower through the end of the week. Fresh banking system concerns Friday, sending Deutsch Bank shares pronouncedly lower, moved larger bank stock prices lower (though not regional bank stock prices), capping index level gains. For the week, the S&P 500 Index increased 1.4% to 3,970.99 the Nasdaq Composite Index rose 1.7% to 11,823.96, the Dow Jones Industrial Average increased 1.2% to 32,238.15, the 10- year U.S. Treasury rate fell 7bps to 3.37% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) weakened 0.6%.

Banking system concerns, inflation and this week’s FOMC meeting dominated the market’s attention last week. FDIC, Treasury and Fed support provided to Silicon Valley Bank fleetingly shored up banking concern sentiment but the precarious position of First Republic Bank (as well as of Swiss bank Credit Suisse) despite support received by the Fed and a consortium of large banks sharply weakened it. Expectations of the Fed not raising rates this week increased from 0% to (at one point) 33% in the face of banking system concerns and despite a CPI release (Tuesday) showing core inflation increased MoM. Indeed, the Fed’s balance sheet, which the Fed has been strenuously working to reduce, increased $300 billion last week as the Fed acted to provide needed liquidity to the banking system. The 10-year Treasury rate dropped 26bps, moved not only by a flight to quality but also on expectations of less aggressive Fed monetary policy. Reflecting those expectations as well, the Nasdaq Composite Index strongly outperformed the other 2 major indexes, gaining over 4% compared to an almost unchanged Dow Jones Industrial Average and an up 1% S&P 500 Index. The 4 largest tech stocks – Alphabet, Amazon, Apple and Microsoft - had their best week in a long time (Microsoft increased the most, jumping 12% higher). For the week, the S&P 500 Index increased 1.4% to 3,916.64, the Nasdaq Composite Index rose 4.4% to 11,630.51, the Dow Jones Industrial Average decreased 0.2% to 31,858.89, the 10-year U.S. Treasury rate fell 26bp to 3.44% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) weakened 0.7%.

Topic: Telecoms , Financials , Basic Materials , Energy , Industrials , Technology

Publication Type: Market Commentaries

The Long and Short of it, week ending 17 March 2023

20 March, 2023 | GraniteShares
Banking system concerns, inflation and this week’s FOMC meeting dominated the market’s attention last week. FDIC, Treasury and Fed support provided to Silicon Valley Bank fleetingly shored up banking concern sentiment but the precarious position of First Republic Bank (as well as of Swiss bank Credit Suisse) despite support received by the Fed and a consortium of large banks sharply weakened it. Expectations of the Fed not raising rates this week increased from 0% to (at one point) 33% in the face of banking system concerns and despite a CPI release (Tuesday) showing core inflation increased MoM. Indeed, the Fed’s balance sheet, which the Fed has been strenuously working to reduce, increased $300 billion last week as the Fed acted to provide needed liquidity to the banking system. The 10-year Treasury rate dropped 26bps, moved not only by a flight to quality but also on expectations of less aggressive Fed monetary policy. Reflecting those expectations as well, the Nasdaq Composite Index strongly outperformed the other 2 major indexes, gaining over 4% compared to an almost unchanged Dow Jones Industrial Average and an up 1% S&P 500 Index. The 4 largest tech stocks – Alphabet, Amazon, Apple and Microsoft - had their best week in a long time (Microsoft increased the most, jumping 12% higher). For the week, the S&P 500 Index increased 1.4% to 3,916.64, the Nasdaq Composite Index rose 4.4% to 11,630.51, the Dow Jones Industrial Average decreased 0.2% to 31,858.89, the 10-year U.S. Treasury rate fell 26bp to 3.44% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) weakened 0.7%.

U.S stock markets ended noticeably lower last week, pressured – initially – by growing Fed-induced recession concerns and – later – by contagion fears excited by the failure of Silicon Valley Bank on Friday. Fed Chair Powell’s testimony before the Senate on Tuesday added to expectations of a more aggressive Fed with Chairman Powell commenting that the strength of the jobs market, spending and factory production may warrant a faster pace of rate hikes. As a result, all 3 major stock indexes fell more than 1 ¼ percent. His testimony before the House on Wednesday seemed to slightly walk back Tuesday’s comments, with Chairman Powell saying no decision had been made regarding the size of the rate hike in this month’s upcoming meeting, lifting markets off their Tuesdays’ lows. All 3 major indexes fell sharply Thursday, ostensibly due to an initial jobless claims number, though greater than expected, still indicative of a tight jobs market, bolstering expectations of a strong jobs report Friday. News of Silicon Valley Bank’s distress (i.e., needing to raise capital after its sale of assets left a significant shortfall) with its stock price plummeting 60%, may have also contributed to Thursday’s decline as well. Friday’s eagerly anticipated jobs report, though sending mixed signals, provided reason for the Fed to refrain from returning to its aggressive tightening policy and maintain its 25bp, wait-and-see approach. While jobs created increased more than expected, the unemployment rate ticked higher and wage pressures cooled. Stock indexes attempted to move higher following the report but news of Silicon Valley Bank’s failure (and the accompanying contagion fears) pushed all 3 major stock indexes over 1% lower. Treasury rates across the curve moved sharply lower, reacting to both safe-haven demand and growing sentiment the Fed, mindful of Silicon Valley Bank fallout, would need to ease sooner than previously expected. Similarly, The U.S. dollar, up over 1% through Wednesday, weakened significantly, also reacting to expectations of changing Fed monetary policy. For the week, the S&P 500 Index fell 4.5% to 3,861.59, the Nasdaq Composite Index dropped 4.7% to 11,138.89, the Dow Jones Industrial Average declined 4.4% to 31,109.96, the 10-year U.S. Treasury rate fell 26bp to 3.70% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) strengthened 0.1%.

Topic: Telecoms , Financials , Basic Materials , Energy , Industrials , Technology

Publication Type: Market Commentaries

The Long and Short of it, week ending 10 March 2023

13 March, 2023 | GraniteShares
U.S stock markets ended noticeably lower last week, pressured – initially – by growing Fed-induced recession concerns and – later – by contagion fears excited by the failure of Silicon Valley Bank on Friday. Fed Chair Powell’s testimony before the Senate on Tuesday added to expectations of a more aggressive Fed with Chairman Powell commenting that the strength of the jobs market, spending and factory production may warrant a faster pace of rate hikes. As a result, all 3 major stock indexes fell more than 1 ¼ percent. His testimony before the House on Wednesday seemed to slightly walk back Tuesday’s comments, with Chairman Powell saying no decision had been made regarding the size of the rate hike in this month’s upcoming meeting, lifting markets off their Tuesdays’ lows. All 3 major indexes fell sharply Thursday, ostensibly due to an initial jobless claims number, though greater than expected, still indicative of a tight jobs market, bolstering expectations of a strong jobs report Friday. News of Silicon Valley Bank’s distress (i.e., needing to raise capital after its sale of assets left a significant shortfall) with its stock price plummeting 60%, may have also contributed to Thursday’s decline as well. Friday’s eagerly anticipated jobs report, though sending mixed signals, provided reason for the Fed to refrain from returning to its aggressive tightening policy and maintain its 25bp, wait-and-see approach. While jobs created increased more than expected, the unemployment rate ticked higher and wage pressures cooled. Stock indexes attempted to move higher following the report but news of Silicon Valley Bank’s failure (and the accompanying contagion fears) pushed all 3 major stock indexes over 1% lower. Treasury rates across the curve moved sharply lower, reacting to both safe-haven demand and growing sentiment the Fed, mindful of Silicon Valley Bank fallout, would need to ease sooner than previously expected. Similarly, The U.S. dollar, up over 1% through Wednesday, weakened significantly, also reacting to expectations of changing Fed monetary policy. For the week, the S&P 500 Index fell 4.5% to 3,861.59, the Nasdaq Composite Index dropped 4.7% to 11,138.89, the Dow Jones Industrial Average declined 4.4% to 31,109.96, the 10-year U.S. Treasury rate fell 26bp to 3.70% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) strengthened 0.1%.

An up-week for major stock market indexes with investor sentiment gently shifting from overarching concerns of a Fed-induced economic slowdown to guarded optimism of Fed restraint amidst a resilient economy. Indexes moved slightly lower through Wednesday, reacting to stronger-than-expected manufacturing activity, pending home sales and non-defence capital goods orders. Comments from Fed officials Thursday, however, supporting 25bp increment rate increases to allow time to ascertain effects from to-date accumulated increases, bolstered risk-on sentiment pushing indexes higher Thursday and Friday. Friday’s gains were the greatest and came despite much stronger-than-expected services sector activity (based on S&P Global U.S. Services PMI Index). 10-year Treasury rates also reflected the change in investor sentiment over the week, ending the week almost unchanged despite rising 11bps intraweek. Interestingly, a 13bp decline in 10-year real rates was offset entirely by a 14bp increase in 10-year inflation expectations. For the week, the S&P 500 Index increased 1.9% to 4,045.64, the Nasdaq Composite Index rose 2.6% to 11,689.01, the Dow Jones Industrial Average gained 1.7% to 33,390.35, the 10-year U.S. Treasury rate increased 1bp to 3.96% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) weakened 0.7%.

Topic: Telecoms , Financials , Basic Materials , Energy , Industrials , Technology

Publication Type: Market Commentaries

The Long and Short of it, week ending 03 March 2023

06 March, 2023 | GraniteShares
An up-week for major stock market indexes with investor sentiment gently shifting from overarching concerns of a Fed-induced economic slowdown to guarded optimism of Fed restraint amidst a resilient economy. Indexes moved slightly lower through Wednesday, reacting to stronger-than-expected manufacturing activity, pending home sales and non-defence capital goods orders. Comments from Fed officials Thursday, however, supporting 25bp increment rate increases to allow time to ascertain effects from to-date accumulated increases, bolstered risk-on sentiment pushing indexes higher Thursday and Friday. Friday’s gains were the greatest and came despite much stronger-than-expected services sector activity (based on S&P Global U.S. Services PMI Index). 10-year Treasury rates also reflected the change in investor sentiment over the week, ending the week almost unchanged despite rising 11bps intraweek. Interestingly, a 13bp decline in 10-year real rates was offset entirely by a 14bp increase in 10-year inflation expectations. For the week, the S&P 500 Index increased 1.9% to 4,045.64, the Nasdaq Composite Index rose 2.6% to 11,689.01, the Dow Jones Industrial Average gained 1.7% to 33,390.35, the 10-year U.S. Treasury rate increased 1bp to 3.96% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) weakened 0.7%.

Stock markets started the week on a sour note, with all 3 major indexes falling 2% or more Tuesday (the first trading day of a holiday-shortened week). Tuesday’s dour sentiment was a continuation of the previous week’s but with investors ratcheting up concerns of Fed monetary policy moving rates higher for longer following stronger-than-expected business activity as measured by the PMI Composite Flash release. Wednesday’s release of FOMC minutes revealed no new substantive insights, moving stock index levels only slightly. Thursday saw all three indexes move higher, benefiting from a surging NVDA stock price (up 14%) and despite falling initial jobless claims and increased market expectations of a 50bp rate hike in March. Friday’s higher-than-expected PCE Price Index release combined with a much greater-than-expected increase in consumer spending added to market expectations of more aggressive Fed monetary policy causing all 3 indexes to drop at least 1%. Reflecting similar sentiment as the stock market, the 10-year Treasury rate rose and the U.S. dollar strengthened. The 13bp increase in 10-year Treasury rates came almost entirely from rising real rates (up 12bps). For the week, the S&P 500 Index decreased 2.7% to 3,970.04, the Nasdaq Composite Index fell 3.3% to 11,394.94, the Dow Jones Industrial Average dropped 3.0% to 32,817.05, the 10-year U.S. Treasury rate rose 13bp to 3.95% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) strengthened 1.3%.

Topic: Telecoms , Financials , Basic Materials , Energy , Industrials , Technology

Publication Type: Market Commentaries

The Long and Short of it, week ending 24 February 2023

28 February, 2023 | GraniteShares
Stock markets started the week on a sour note, with all 3 major indexes falling 2% or more Tuesday (the first trading day of a holiday-shortened week). Tuesday’s dour sentiment was a continuation of the previous week’s but with investors ratcheting up concerns of Fed monetary policy moving rates higher for longer following stronger-than-expected business activity as measured by the PMI Composite Flash release. Wednesday’s release of FOMC minutes revealed no new substantive insights, moving stock index levels only slightly. Thursday saw all three indexes move higher, benefiting from a surging NVDA stock price (up 14%) and despite falling initial jobless claims and increased market expectations of a 50bp rate hike in March. Friday’s higher-than-expected PCE Price Index release combined with a much greater-than-expected increase in consumer spending added to market expectations of more aggressive Fed monetary policy causing all 3 indexes to drop at least 1%. Reflecting similar sentiment as the stock market, the 10-year Treasury rate rose and the U.S. dollar strengthened. The 13bp increase in 10-year Treasury rates came almost entirely from rising real rates (up 12bps). For the week, the S&P 500 Index decreased 2.7% to 3,970.04, the Nasdaq Composite Index fell 3.3% to 11,394.94, the Dow Jones Industrial Average dropped 3.0% to 32,817.05, the 10-year U.S. Treasury rate rose 13bp to 3.95% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) strengthened 1.3%.

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT RIO TINTO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230116

Topic: Industrials

Publication Type: Regulatory News

3SRI - 1st security holder notice of consolidation

16 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT RIO TINTO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230116

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT GLECNORE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316

Topic: Industrials

Publication Type: Regulatory News

3SGL - 1st security holder notice of consolidation

16 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT GLECNORE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG SQUARE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316

Topic: Financials

Publication Type: Regulatory News

3LSQ - 1st security holder notice of consolidation

16 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG SQUARE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG PAYPAL DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316

Topic: Financials

Publication Type: Regulatory News

3LPP - 1st security holder notice of consolidation

16 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG PAYPAL DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG COINBASE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES

Topic: Financials

Publication Type: Regulatory News

3LCO - NOTICE OF AMENDMENT OF MRA 20230203

03 February, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG COINBASE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES

A 3x leverage Tesla ETP, or exchange-traded product, is a financial instrument that enables investors to gain exposure to Tesla stock with daily three times the leverage. This means that for every $1 invested in the ETP, an investor would have $3 in daily exposure to Tesla's stock less the management fees.

Topic: Industrials , Technology

Publication Type: ETP and Industry

3x Leverage Tesla ETP Explained

15 March, 2023 | GraniteShares
A 3x leverage Tesla ETP, or exchange-traded product, is a financial instrument that enables investors to gain exposure to Tesla stock with daily three times the leverage. This means that for every $1 invested in the ETP, an investor would have $3 in daily exposure to Tesla's stock less the management fees.
Exchange-traded products (ETPs) are a popular way for investors to gain exposure to various asset classes, such as stocks, bonds, commodities, and currencies. Within the ETP universe, there are two types of products that have gained increasing attention in recent years: short and leveraged ETPs. These products offer the potential for higher returns but come with higher risks.

Topic: Industrials , Technology , Single Stocks

Publication Type: Articles , ETP and Industry

How Short & Leveraged ETPs Work

07 March, 2023 | GraniteShares
Exchange-traded products (ETPs) are a popular way for investors to gain exposure to various asset classes, such as stocks, bonds, commodities, and currencies. Within the ETP universe, there are two types of products that have gained increasing attention in recent years: short and leveraged ETPs. These products offer the potential for higher returns but come with higher risks.
ETPs are exchange-listed investment vehicles. They are the type of securities that are designed to track the underlying security, an index, or other financial instruments. ETPs are just like stocks trade on the stock exchange i.e., their prices fluctuate on a day-to-day basis and intraday. These instruments are considered a low-cost alternative to mutual funds as well as actively managed funds. ETPs can be of a particular stock, indexes like NYSE ETPs, sector-specific indexes, or commodities like gold ETPs, and currencies.

Topic: Technology

Publication Type: Education , Articles , ETP and Industry

All about Exchange Traded Products (ETPs)

04 July, 2022 | GraniteShares
ETPs are exchange-listed investment vehicles. They are the type of securities that are designed to track the underlying security, an index, or other financial instruments. ETPs are just like stocks trade on the stock exchange i.e., their prices fluctuate on a day-to-day basis and intraday. These instruments are considered a low-cost alternative to mutual funds as well as actively managed funds. ETPs can be of a particular stock, indexes like NYSE ETPs, sector-specific indexes, or commodities like gold ETPs, and currencies.
In 2011, China had become a leading manufacturing nation, and later in 2013, it became a leading trading nation. By 2020, the nation had many new patents that were granted each year as the US and Japan combined. The company has been the second-largest economy in the world for 11 consecutive years since 2010. For four straight years, China has been number one in terms of traded volumes in the world. China in 2017 jumped up in traded volume from 26th position in the world and stayed number one since. At present, the country has become the world’s biggest export and importer as well as they are the second-largest importer.

Topic: Financials , Industrials , Technology

Publication Type: Articles , ETP and Industry , Investments

How to Short China

04 July, 2022 | GraniteShares
In 2011, China had become a leading manufacturing nation, and later in 2013, it became a leading trading nation. By 2020, the nation had many new patents that were granted each year as the US and Japan combined. The company has been the second-largest economy in the world for 11 consecutive years since 2010. For four straight years, China has been number one in terms of traded volumes in the world. China in 2017 jumped up in traded volume from 26th position in the world and stayed number one since. At present, the country has become the world’s biggest export and importer as well as they are the second-largest importer.
The Rolls Royce Holding Plc (LON: RR) brand has always been synonymous with precision engineering and high-quality machinery for around a century. The company designs, manufactures, builds, and services integrated power systems that are used on water land or air. However, recently the stock took severe beatings due to various external factors affecting the economy as well as the company’s stock price and financials.

Topic: Industrials

Publication Type: ETP and Industry

Rolls Royce: is it worth investing in now?

04 July, 2022 | GraniteShares
The Rolls Royce Holding Plc (LON: RR) brand has always been synonymous with precision engineering and high-quality machinery for around a century. The company designs, manufactures, builds, and services integrated power systems that are used on water land or air. However, recently the stock took severe beatings due to various external factors affecting the economy as well as the company’s stock price and financials.

How To Short Tesla Stock? Shorting Tesla stock, or Tesla short selling, is a type of investment strategy that many experienced traders repeatedly use. Investors borrow stock from their broker’s inventory and promise to return them once short selling has finished. It usually works as follows:

Topic: Technology

Publication Type: Investment Cases , Investments , Single stock research

How To Short Tesla Stock

09 March, 2023 | GraniteShares
How To Short Tesla Stock? Shorting Tesla stock, or Tesla short selling, is a type of investment strategy that many experienced traders repeatedly use. Investors borrow stock from their broker’s inventory and promise to return them once short selling has finished. It usually works as follows:
In 2011, China had become a leading manufacturing nation, and later in 2013, it became a leading trading nation. By 2020, the nation had many new patents that were granted each year as the US and Japan combined. The company has been the second-largest economy in the world for 11 consecutive years since 2010. For four straight years, China has been number one in terms of traded volumes in the world. China in 2017 jumped up in traded volume from 26th position in the world and stayed number one since. At present, the country has become the world’s biggest export and importer as well as they are the second-largest importer.

Topic: Financials , Industrials , Technology

Publication Type: Articles , ETP and Industry , Investments

How to Short China

04 July, 2022 | GraniteShares
In 2011, China had become a leading manufacturing nation, and later in 2013, it became a leading trading nation. By 2020, the nation had many new patents that were granted each year as the US and Japan combined. The company has been the second-largest economy in the world for 11 consecutive years since 2010. For four straight years, China has been number one in terms of traded volumes in the world. China in 2017 jumped up in traded volume from 26th position in the world and stayed number one since. At present, the country has become the world’s biggest export and importer as well as they are the second-largest importer.
The automotive giant became the first to launch and adopt an electric vehicle. The company recently announced its first-quarter earnings for 2022. The revenue increased by 81% and operating profits were up by 137% (Source: Tesla investor relations). Even with stable earnings for the company the stock had been volatile, increasing 5% when the results were announced and later it plunged.

Topic: Technology

Publication Type: Investment Cases , Investments , Single stock research

Leveraging Tesla using ETPs

26 May, 2022 | GraniteShares
The automotive giant became the first to launch and adopt an electric vehicle. The company recently announced its first-quarter earnings for 2022. The revenue increased by 81% and operating profits were up by 137% (Source: Tesla investor relations). Even with stable earnings for the company the stock had been volatile, increasing 5% when the results were announced and later it plunged.
Check out this article for information about Leveraging Apple Stock safely and a groundbreaking firm that will help you expand your investment portfolio with little hassle.

Topic: Technology

Publication Type: Investment Cases , Investments , Single stock research

Apple Leverage Shares

18 May, 2022 | GraniteShares
Check out this article for information about Leveraging Apple Stock safely and a groundbreaking firm that will help you expand your investment portfolio with little hassle.
Will Rhind, Founder and CEO at ETF provider GraniteShares is warning that Elon Musk’s growing association with cryptocurrencies could lead to growing volatility in Tesla’s share price. Elon Musk has just announced that his rocket company SpaceX will now accept the meme-inspired cryptocurrency dogecoin as payment. Earlier this year Tesla bought $1.5 billion of Bitcoin, and Elon Musk regularly posts positive comments about cryptocurrencies on Twitter.

Topic: Technology

Publication Type: Investments , Single stock research

TESLA’S GROWING ASSOCIATION WITH CRYPTOCURRENCIES

13 May, 2021 | GraniteShares
Will Rhind, Founder and CEO at ETF provider GraniteShares is warning that Elon Musk’s growing association with cryptocurrencies could lead to growing volatility in Tesla’s share price. Elon Musk has just announced that his rocket company SpaceX will now accept the meme-inspired cryptocurrency dogecoin as payment. Earlier this year Tesla bought $1.5 billion of Bitcoin, and Elon Musk regularly posts positive comments about cryptocurrencies on Twitter.

How To Short Tesla Stock? Shorting Tesla stock, or Tesla short selling, is a type of investment strategy that many experienced traders repeatedly use. Investors borrow stock from their broker’s inventory and promise to return them once short selling has finished. It usually works as follows:

Topic: Technology

Publication Type: Investment Cases , Investments , Single stock research

How To Short Tesla Stock

09 March, 2023 | GraniteShares
How To Short Tesla Stock? Shorting Tesla stock, or Tesla short selling, is a type of investment strategy that many experienced traders repeatedly use. Investors borrow stock from their broker’s inventory and promise to return them once short selling has finished. It usually works as follows:
Investors looking to invest in Tesla should check out these new ways to short Tesla (TSLA) Stock.  Also, take a look at GraniteShares 3x Short Tesla Daily ETP or Short 3x Tesla or -3x Tesla Short.

Topic: Telecoms , Industrials , Technology

Publication Type: Articles , Single stock research

New ways to Short Tesla

30 December, 2022 | GraniteShares
Investors looking to invest in Tesla should check out these new ways to short Tesla (TSLA) Stock.  Also, take a look at GraniteShares 3x Short Tesla Daily ETP or Short 3x Tesla or -3x Tesla Short.
How to Leverage Tesla? You can Leverage Tesla using our single stock 3x Leverage Tesla ETP. The ETP tracks the performance (excluding fees and other adjustments) of the "Solactive Daily Leveraged 3x Long Tesla Inc Index". The index seeks to provide 3 times the daily performance of Tesla Inc shares.

Topic: Industrials , Technology

Publication Type: Single stock research

How to Leverage Tesla Stock

07 October, 2022 | GraniteShares
How to Leverage Tesla? You can Leverage Tesla using our single stock 3x Leverage Tesla ETP. The ETP tracks the performance (excluding fees and other adjustments) of the "Solactive Daily Leveraged 3x Long Tesla Inc Index". The index seeks to provide 3 times the daily performance of Tesla Inc shares.
Exchange-Traded Fund (ETFs) and Exchange Traded Products (ETPs) both in recent times have been exploding and gaining traction from investors. So, it seems like a good opportunity to guide the investors to make an informed decision as to which financial product suits them the best. We will be discussing some of the financial terms people are confused with if what is the differentiating factor Between ETFs and ETPs.  

Publication Type: Single stock research

ETF or ETP - what is the difference?

07 October, 2022 | GraniteShares
Exchange-Traded Fund (ETFs) and Exchange Traded Products (ETPs) both in recent times have been exploding and gaining traction from investors. So, it seems like a good opportunity to guide the investors to make an informed decision as to which financial product suits them the best. We will be discussing some of the financial terms people are confused with if what is the differentiating factor Between ETFs and ETPs.  
Shell PLC (LON: SHEL) is formerly known as Royal Dutch Shell the international energy and petrochemical company formed through a merger of Royal Dutch Petroleum and ‘Shell’ Transport and Trading company in 1907. The company specializes in the exploration of oil and gas and produces fuels, chemicals, and lubricants. Shell is also involved in the marketing and shipping of oil products and chemicals, gas, oil production, and natural gas as well as electricity. In recent times, the company also seems interested in renewable sources of energy including wind, solar, and hydrogen.

Topic: Industrials

Publication Type: ETP and Industry , Single stock research

Shell - Long or Short?

04 July, 2022 | GraniteShares
Shell PLC (LON: SHEL) is formerly known as Royal Dutch Shell the international energy and petrochemical company formed through a merger of Royal Dutch Petroleum and ‘Shell’ Transport and Trading company in 1907. The company specializes in the exploration of oil and gas and produces fuels, chemicals, and lubricants. Shell is also involved in the marketing and shipping of oil products and chemicals, gas, oil production, and natural gas as well as electricity. In recent times, the company also seems interested in renewable sources of energy including wind, solar, and hydrogen.

An up week for all 3 major stock market indexes, rising every day but Wednesday (FOMC announcement day) and despite hawkish Fed Chair Powell comments and lingering banking system concerns. The week opened with news of the UBS acquisition of Credit Suisse helping to slightly alleviate banking system concerns and moving stock markets higher. Focused concerns still remained, however, with First Republic Bank share prices falling nearly 50% (on Monday). All 3 major stock market indexes powered higher Tuesday on the back of diminished banking system concerns and expectations of a “supportive” Fed decision Wednesday. Treasury rates, steeply lower on the back of flight-to-quality investing, reflecting this same sentiment rose sharply Tuesday with the 2-year Treasury rate, for example, climbing 25 bps higher An as-expected 25bp rate hike accompanied by less-than-accommodative comments from Chairman Powell reversed Tuesday’s sentiment, sending stock indexes sharply lower and Treasury rates, once again, sharply lower. While Chairman Powell stated he expected one more 25bp rate increase this year, he also insisted he did not expect the Fed to ease in 2023 despite very possible restrictive credit conditions arising from the current health of the banking system. Risk-on sentiment returned Thursday, though, with markets more or less refuting Chairman Powell’s comments, believing the Fed would indeed ease in 2023, bolstering stock prices and moving Treasury rates lower through the end of the week. Fresh banking system concerns Friday, sending Deutsch Bank shares pronouncedly lower, moved larger bank stock prices lower (though not regional bank stock prices), capping index level gains. For the week, the S&P 500 Index increased 1.4% to 3,970.99 the Nasdaq Composite Index rose 1.7% to 11,823.96, the Dow Jones Industrial Average increased 1.2% to 32,238.15, the 10- year U.S. Treasury rate fell 7bps to 3.37% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) weakened 0.6%.

Topic: Telecoms , Financials , Basic Materials , Energy , Industrials , Technology

Publication Type: Market Commentaries

The Long and Short of it, week ending 24 March 2023

28 March, 2023 | GraniteShares
An up week for all 3 major stock market indexes, rising every day but Wednesday (FOMC announcement day) and despite hawkish Fed Chair Powell comments and lingering banking system concerns. The week opened with news of the UBS acquisition of Credit Suisse helping to slightly alleviate banking system concerns and moving stock markets higher. Focused concerns still remained, however, with First Republic Bank share prices falling nearly 50% (on Monday). All 3 major stock market indexes powered higher Tuesday on the back of diminished banking system concerns and expectations of a “supportive” Fed decision Wednesday. Treasury rates, steeply lower on the back of flight-to-quality investing, reflecting this same sentiment rose sharply Tuesday with the 2-year Treasury rate, for example, climbing 25 bps higher An as-expected 25bp rate hike accompanied by less-than-accommodative comments from Chairman Powell reversed Tuesday’s sentiment, sending stock indexes sharply lower and Treasury rates, once again, sharply lower. While Chairman Powell stated he expected one more 25bp rate increase this year, he also insisted he did not expect the Fed to ease in 2023 despite very possible restrictive credit conditions arising from the current health of the banking system. Risk-on sentiment returned Thursday, though, with markets more or less refuting Chairman Powell’s comments, believing the Fed would indeed ease in 2023, bolstering stock prices and moving Treasury rates lower through the end of the week. Fresh banking system concerns Friday, sending Deutsch Bank shares pronouncedly lower, moved larger bank stock prices lower (though not regional bank stock prices), capping index level gains. For the week, the S&P 500 Index increased 1.4% to 3,970.99 the Nasdaq Composite Index rose 1.7% to 11,823.96, the Dow Jones Industrial Average increased 1.2% to 32,238.15, the 10- year U.S. Treasury rate fell 7bps to 3.37% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) weakened 0.6%.
Banking system concerns, inflation and this week’s FOMC meeting dominated the market’s attention last week. FDIC, Treasury and Fed support provided to Silicon Valley Bank fleetingly shored up banking concern sentiment but the precarious position of First Republic Bank (as well as of Swiss bank Credit Suisse) despite support received by the Fed and a consortium of large banks sharply weakened it. Expectations of the Fed not raising rates this week increased from 0% to (at one point) 33% in the face of banking system concerns and despite a CPI release (Tuesday) showing core inflation increased MoM. Indeed, the Fed’s balance sheet, which the Fed has been strenuously working to reduce, increased $300 billion last week as the Fed acted to provide needed liquidity to the banking system. The 10-year Treasury rate dropped 26bps, moved not only by a flight to quality but also on expectations of less aggressive Fed monetary policy. Reflecting those expectations as well, the Nasdaq Composite Index strongly outperformed the other 2 major indexes, gaining over 4% compared to an almost unchanged Dow Jones Industrial Average and an up 1% S&P 500 Index. The 4 largest tech stocks – Alphabet, Amazon, Apple and Microsoft - had their best week in a long time (Microsoft increased the most, jumping 12% higher). For the week, the S&P 500 Index increased 1.4% to 3,916.64, the Nasdaq Composite Index rose 4.4% to 11,630.51, the Dow Jones Industrial Average decreased 0.2% to 31,858.89, the 10-year U.S. Treasury rate fell 26bp to 3.44% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) weakened 0.7%.

Topic: Telecoms , Financials , Basic Materials , Energy , Industrials , Technology

Publication Type: Market Commentaries

The Long and Short of it, week ending 17 March 2023

20 March, 2023 | GraniteShares
Banking system concerns, inflation and this week’s FOMC meeting dominated the market’s attention last week. FDIC, Treasury and Fed support provided to Silicon Valley Bank fleetingly shored up banking concern sentiment but the precarious position of First Republic Bank (as well as of Swiss bank Credit Suisse) despite support received by the Fed and a consortium of large banks sharply weakened it. Expectations of the Fed not raising rates this week increased from 0% to (at one point) 33% in the face of banking system concerns and despite a CPI release (Tuesday) showing core inflation increased MoM. Indeed, the Fed’s balance sheet, which the Fed has been strenuously working to reduce, increased $300 billion last week as the Fed acted to provide needed liquidity to the banking system. The 10-year Treasury rate dropped 26bps, moved not only by a flight to quality but also on expectations of less aggressive Fed monetary policy. Reflecting those expectations as well, the Nasdaq Composite Index strongly outperformed the other 2 major indexes, gaining over 4% compared to an almost unchanged Dow Jones Industrial Average and an up 1% S&P 500 Index. The 4 largest tech stocks – Alphabet, Amazon, Apple and Microsoft - had their best week in a long time (Microsoft increased the most, jumping 12% higher). For the week, the S&P 500 Index increased 1.4% to 3,916.64, the Nasdaq Composite Index rose 4.4% to 11,630.51, the Dow Jones Industrial Average decreased 0.2% to 31,858.89, the 10-year U.S. Treasury rate fell 26bp to 3.44% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) weakened 0.7%.
U.S stock markets ended noticeably lower last week, pressured – initially – by growing Fed-induced recession concerns and – later – by contagion fears excited by the failure of Silicon Valley Bank on Friday. Fed Chair Powell’s testimony before the Senate on Tuesday added to expectations of a more aggressive Fed with Chairman Powell commenting that the strength of the jobs market, spending and factory production may warrant a faster pace of rate hikes. As a result, all 3 major stock indexes fell more than 1 ¼ percent. His testimony before the House on Wednesday seemed to slightly walk back Tuesday’s comments, with Chairman Powell saying no decision had been made regarding the size of the rate hike in this month’s upcoming meeting, lifting markets off their Tuesdays’ lows. All 3 major indexes fell sharply Thursday, ostensibly due to an initial jobless claims number, though greater than expected, still indicative of a tight jobs market, bolstering expectations of a strong jobs report Friday. News of Silicon Valley Bank’s distress (i.e., needing to raise capital after its sale of assets left a significant shortfall) with its stock price plummeting 60%, may have also contributed to Thursday’s decline as well. Friday’s eagerly anticipated jobs report, though sending mixed signals, provided reason for the Fed to refrain from returning to its aggressive tightening policy and maintain its 25bp, wait-and-see approach. While jobs created increased more than expected, the unemployment rate ticked higher and wage pressures cooled. Stock indexes attempted to move higher following the report but news of Silicon Valley Bank’s failure (and the accompanying contagion fears) pushed all 3 major stock indexes over 1% lower. Treasury rates across the curve moved sharply lower, reacting to both safe-haven demand and growing sentiment the Fed, mindful of Silicon Valley Bank fallout, would need to ease sooner than previously expected. Similarly, The U.S. dollar, up over 1% through Wednesday, weakened significantly, also reacting to expectations of changing Fed monetary policy. For the week, the S&P 500 Index fell 4.5% to 3,861.59, the Nasdaq Composite Index dropped 4.7% to 11,138.89, the Dow Jones Industrial Average declined 4.4% to 31,109.96, the 10-year U.S. Treasury rate fell 26bp to 3.70% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) strengthened 0.1%.

Topic: Telecoms , Financials , Basic Materials , Energy , Industrials , Technology

Publication Type: Market Commentaries

The Long and Short of it, week ending 10 March 2023

13 March, 2023 | GraniteShares
U.S stock markets ended noticeably lower last week, pressured – initially – by growing Fed-induced recession concerns and – later – by contagion fears excited by the failure of Silicon Valley Bank on Friday. Fed Chair Powell’s testimony before the Senate on Tuesday added to expectations of a more aggressive Fed with Chairman Powell commenting that the strength of the jobs market, spending and factory production may warrant a faster pace of rate hikes. As a result, all 3 major stock indexes fell more than 1 ¼ percent. His testimony before the House on Wednesday seemed to slightly walk back Tuesday’s comments, with Chairman Powell saying no decision had been made regarding the size of the rate hike in this month’s upcoming meeting, lifting markets off their Tuesdays’ lows. All 3 major indexes fell sharply Thursday, ostensibly due to an initial jobless claims number, though greater than expected, still indicative of a tight jobs market, bolstering expectations of a strong jobs report Friday. News of Silicon Valley Bank’s distress (i.e., needing to raise capital after its sale of assets left a significant shortfall) with its stock price plummeting 60%, may have also contributed to Thursday’s decline as well. Friday’s eagerly anticipated jobs report, though sending mixed signals, provided reason for the Fed to refrain from returning to its aggressive tightening policy and maintain its 25bp, wait-and-see approach. While jobs created increased more than expected, the unemployment rate ticked higher and wage pressures cooled. Stock indexes attempted to move higher following the report but news of Silicon Valley Bank’s failure (and the accompanying contagion fears) pushed all 3 major stock indexes over 1% lower. Treasury rates across the curve moved sharply lower, reacting to both safe-haven demand and growing sentiment the Fed, mindful of Silicon Valley Bank fallout, would need to ease sooner than previously expected. Similarly, The U.S. dollar, up over 1% through Wednesday, weakened significantly, also reacting to expectations of changing Fed monetary policy. For the week, the S&P 500 Index fell 4.5% to 3,861.59, the Nasdaq Composite Index dropped 4.7% to 11,138.89, the Dow Jones Industrial Average declined 4.4% to 31,109.96, the 10-year U.S. Treasury rate fell 26bp to 3.70% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) strengthened 0.1%.
An up-week for major stock market indexes with investor sentiment gently shifting from overarching concerns of a Fed-induced economic slowdown to guarded optimism of Fed restraint amidst a resilient economy. Indexes moved slightly lower through Wednesday, reacting to stronger-than-expected manufacturing activity, pending home sales and non-defence capital goods orders. Comments from Fed officials Thursday, however, supporting 25bp increment rate increases to allow time to ascertain effects from to-date accumulated increases, bolstered risk-on sentiment pushing indexes higher Thursday and Friday. Friday’s gains were the greatest and came despite much stronger-than-expected services sector activity (based on S&P Global U.S. Services PMI Index). 10-year Treasury rates also reflected the change in investor sentiment over the week, ending the week almost unchanged despite rising 11bps intraweek. Interestingly, a 13bp decline in 10-year real rates was offset entirely by a 14bp increase in 10-year inflation expectations. For the week, the S&P 500 Index increased 1.9% to 4,045.64, the Nasdaq Composite Index rose 2.6% to 11,689.01, the Dow Jones Industrial Average gained 1.7% to 33,390.35, the 10-year U.S. Treasury rate increased 1bp to 3.96% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) weakened 0.7%.

Topic: Telecoms , Financials , Basic Materials , Energy , Industrials , Technology

Publication Type: Market Commentaries

The Long and Short of it, week ending 03 March 2023

06 March, 2023 | GraniteShares
An up-week for major stock market indexes with investor sentiment gently shifting from overarching concerns of a Fed-induced economic slowdown to guarded optimism of Fed restraint amidst a resilient economy. Indexes moved slightly lower through Wednesday, reacting to stronger-than-expected manufacturing activity, pending home sales and non-defence capital goods orders. Comments from Fed officials Thursday, however, supporting 25bp increment rate increases to allow time to ascertain effects from to-date accumulated increases, bolstered risk-on sentiment pushing indexes higher Thursday and Friday. Friday’s gains were the greatest and came despite much stronger-than-expected services sector activity (based on S&P Global U.S. Services PMI Index). 10-year Treasury rates also reflected the change in investor sentiment over the week, ending the week almost unchanged despite rising 11bps intraweek. Interestingly, a 13bp decline in 10-year real rates was offset entirely by a 14bp increase in 10-year inflation expectations. For the week, the S&P 500 Index increased 1.9% to 4,045.64, the Nasdaq Composite Index rose 2.6% to 11,689.01, the Dow Jones Industrial Average gained 1.7% to 33,390.35, the 10-year U.S. Treasury rate increased 1bp to 3.96% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) weakened 0.7%.
Stock markets started the week on a sour note, with all 3 major indexes falling 2% or more Tuesday (the first trading day of a holiday-shortened week). Tuesday’s dour sentiment was a continuation of the previous week’s but with investors ratcheting up concerns of Fed monetary policy moving rates higher for longer following stronger-than-expected business activity as measured by the PMI Composite Flash release. Wednesday’s release of FOMC minutes revealed no new substantive insights, moving stock index levels only slightly. Thursday saw all three indexes move higher, benefiting from a surging NVDA stock price (up 14%) and despite falling initial jobless claims and increased market expectations of a 50bp rate hike in March. Friday’s higher-than-expected PCE Price Index release combined with a much greater-than-expected increase in consumer spending added to market expectations of more aggressive Fed monetary policy causing all 3 indexes to drop at least 1%. Reflecting similar sentiment as the stock market, the 10-year Treasury rate rose and the U.S. dollar strengthened. The 13bp increase in 10-year Treasury rates came almost entirely from rising real rates (up 12bps). For the week, the S&P 500 Index decreased 2.7% to 3,970.04, the Nasdaq Composite Index fell 3.3% to 11,394.94, the Dow Jones Industrial Average dropped 3.0% to 32,817.05, the 10-year U.S. Treasury rate rose 13bp to 3.95% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) strengthened 1.3%.

Topic: Telecoms , Financials , Basic Materials , Energy , Industrials , Technology

Publication Type: Market Commentaries

The Long and Short of it, week ending 24 February 2023

28 February, 2023 | GraniteShares
Stock markets started the week on a sour note, with all 3 major indexes falling 2% or more Tuesday (the first trading day of a holiday-shortened week). Tuesday’s dour sentiment was a continuation of the previous week’s but with investors ratcheting up concerns of Fed monetary policy moving rates higher for longer following stronger-than-expected business activity as measured by the PMI Composite Flash release. Wednesday’s release of FOMC minutes revealed no new substantive insights, moving stock index levels only slightly. Thursday saw all three indexes move higher, benefiting from a surging NVDA stock price (up 14%) and despite falling initial jobless claims and increased market expectations of a 50bp rate hike in March. Friday’s higher-than-expected PCE Price Index release combined with a much greater-than-expected increase in consumer spending added to market expectations of more aggressive Fed monetary policy causing all 3 indexes to drop at least 1%. Reflecting similar sentiment as the stock market, the 10-year Treasury rate rose and the U.S. dollar strengthened. The 13bp increase in 10-year Treasury rates came almost entirely from rising real rates (up 12bps). For the week, the S&P 500 Index decreased 2.7% to 3,970.04, the Nasdaq Composite Index fell 3.3% to 11,394.94, the Dow Jones Industrial Average dropped 3.0% to 32,817.05, the 10-year U.S. Treasury rate rose 13bp to 3.95% and the U.S. dollar (as measured by the ICE U.S. Dollar index – DXY) strengthened 1.3%.

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT RIO TINTO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230116

Topic: Industrials

Publication Type: Regulatory News

3SRI - 1st security holder notice of consolidation

16 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT RIO TINTO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230116
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT GLECNORE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316

Topic: Industrials

Publication Type: Regulatory News

3SGL - 1st security holder notice of consolidation

16 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT GLECNORE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG SQUARE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316

Topic: Financials

Publication Type: Regulatory News

3LSQ - 1st security holder notice of consolidation

16 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG SQUARE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG PAYPAL DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316

Topic: Financials

Publication Type: Regulatory News

3LPP - 1st security holder notice of consolidation

16 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG PAYPAL DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES 20230316
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG COINBASE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES

Topic: Financials

Publication Type: Regulatory News

3LCO - NOTICE OF AMENDMENT OF MRA 20230203

03 February, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG COINBASE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF CONDOLIDATION OF SECURITIES
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