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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.

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.

It has listed its ground-breaking FAANG, GAFAM and FATANG ETPs on Borsa Italiana as well as leveraged single stock ETPs offering long and short daily leveraged exposure on the largest individual US stocks Amazon, Apple, Google, Facebook, Microsoft, NVIVIDA, Tesla and Uber.

Topic: Technology , Services Financiers , Single Stocks

Publication Type: ETP and Industry , Single stock research

GRANITESHARES BUILDS ON EUROPEAN EXPANSION WITH ITALIAN LAUNCH

27 May, 2022 | GraniteShares
It has listed its ground-breaking FAANG, GAFAM and FATANG ETPs on Borsa Italiana as well as leveraged single stock ETPs offering long and short daily leveraged exposure on the largest individual US stocks Amazon, Apple, Google, Facebook, Microsoft, NVIVIDA, Tesla and Uber.

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.

Check out this article for information about shorting Tesla 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

How To Short Tesla Stock

13 May, 2021 | GraniteShares
Check out this article for information about shorting Tesla 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.

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.

It has listed its ground-breaking FAANG, GAFAM and FATANG ETPs on Borsa Italiana as well as leveraged single stock ETPs offering long and short daily leveraged exposure on the largest individual US stocks Amazon, Apple, Google, Facebook, Microsoft, NVIVIDA, Tesla and Uber.

Topic: Technology , Services Financiers , Single Stocks

Publication Type: ETP and Industry , Single stock research

GRANITESHARES BUILDS ON EUROPEAN EXPANSION WITH ITALIAN LAUNCH

27 May, 2022 | GraniteShares
It has listed its ground-breaking FAANG, GAFAM and FATANG ETPs on Borsa Italiana as well as leveraged single stock ETPs offering long and short daily leveraged exposure on the largest individual US stocks Amazon, Apple, Google, Facebook, Microsoft, NVIVIDA, Tesla and Uber.

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.

Nio (NYSE: NIO) the electric vehicle manufacturer had a roller coaster ride this year with all the hassle and external factors affecting the sales and revenue. The company develops and manufactures autonomous driving technology, digital technology, electric power trains, and batteries. Nio also innovates and offers industry-leading battery swapping technology in the vehicle, Battery-as-a-service, or BaaS also their proprietary autonomous driving technology, and Autonomous Driving as a Service ADaS. The company has launched various electric vehicles supporting the technology.

Topic: Energy

Publication Type: ETP and Industry , Single stock research

Nio Stock: Bottom Fishing or not?

25 May, 2022 | GraniteShares
Nio (NYSE: NIO) the electric vehicle manufacturer had a roller coaster ride this year with all the hassle and external factors affecting the sales and revenue. The company develops and manufactures autonomous driving technology, digital technology, electric power trains, and batteries. Nio also innovates and offers industry-leading battery swapping technology in the vehicle, Battery-as-a-service, or BaaS also their proprietary autonomous driving technology, and Autonomous Driving as a Service ADaS. The company has launched various electric vehicles supporting the technology.

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.

Stock prices moved higher last week, struggling before Wednesday’s FOMC announcement and then rallying afterwards. Concerns of slower growth and weak earnings reports (accentuated by Walmart’s worse-than expected report after hours Monday) in front of Wednesday’s FOMC announcement pressured prices lower through Tuesday. Wednesday’s as-expected 75bp rate hike, combined with announcement wording suggesting the Fed would be less aggressive going forward, spurred stock prices higher. This risk-on sentiment continued through Friday despite Thursday’s report showing GDP contracted 0.9% in June, the second contraction in a row. Strong earnings reports from Alphabet, Microsoft and Amazon were responsible for stock markets moving higher as well. The 10-year Treasury rate, reacting to expectations of a less aggressive Fed, decreased 10bps. Interestingly, the decline resulted from a 30bp decrease in 10-year real rates offset by a 20bp increase in 10-year inflation expectations. Similarly, the U.S. dollar weakened, also reacting to prospects of less aggressive Fed tightening visà-vis other central banks. At week’s end, the S&P 500 Index rose 4.3% to 4,130.29, the Nasdaq Composite Index climbed 4.7% to 12,390.69, the Dow Jones Industrial Average increased 3.0% to 32,846.45, the 10-year U.S. Treasury rate fell 10 bps to 2.65% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) weakened 0.7%.

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

Publication Type: Market Commentaries

The Long and Short of it, week ending 29 July 2022

02 August, 2022 | GraniteShares
Stock prices moved higher last week, struggling before Wednesday’s FOMC announcement and then rallying afterwards. Concerns of slower growth and weak earnings reports (accentuated by Walmart’s worse-than expected report after hours Monday) in front of Wednesday’s FOMC announcement pressured prices lower through Tuesday. Wednesday’s as-expected 75bp rate hike, combined with announcement wording suggesting the Fed would be less aggressive going forward, spurred stock prices higher. This risk-on sentiment continued through Friday despite Thursday’s report showing GDP contracted 0.9% in June, the second contraction in a row. Strong earnings reports from Alphabet, Microsoft and Amazon were responsible for stock markets moving higher as well. The 10-year Treasury rate, reacting to expectations of a less aggressive Fed, decreased 10bps. Interestingly, the decline resulted from a 30bp decrease in 10-year real rates offset by a 20bp increase in 10-year inflation expectations. Similarly, the U.S. dollar weakened, also reacting to prospects of less aggressive Fed tightening visà-vis other central banks. At week’s end, the S&P 500 Index rose 4.3% to 4,130.29, the Nasdaq Composite Index climbed 4.7% to 12,390.69, the Dow Jones Industrial Average increased 3.0% to 32,846.45, the 10-year U.S. Treasury rate fell 10 bps to 2.65% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) weakened 0.7%.

U.S. stock markets ended the week higher with all 3 major indexes increasing 2% or more and with the tech-heavy Nasdaq Composite Index outperforming. Better-than-expected earnings reports were the primary driver for higher stock prices, assisted by a weaker U.S. dollar and falling Treasury rates. Stock markets moved lower Friday, however, following a batch of weaker-than-expected earnings reports. The Nasdaq Composite Index, for example, up over 5% through Thursday, fell almost almost 2% Friday to end the week up 3.3%. The 10-year Treasury rate fell again last week, decreasing 18bps with 10-year real yields responsible for almost the entire move lower. 10- year real yields ended the week at 41bps, down 14bps from the previous week’s close of 55bps. At week’s end, the S&P 500 Index gained 2.5% to close at 3,961.63, the Nasdaq Composite Index climbed 3.3% to 11,834.11, the Dow Jones Industrial Average increased 2.0% to 31,900.61, the 10-year U.S. Treasury rate fell 18 bps to 2.75% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) weakened 1.3%.

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

Publication Type: Market Commentaries

The Long and Short of it, week ending 22 July 2022

26 July, 2022 | GraniteShares
U.S. stock markets ended the week higher with all 3 major indexes increasing 2% or more and with the tech-heavy Nasdaq Composite Index outperforming. Better-than-expected earnings reports were the primary driver for higher stock prices, assisted by a weaker U.S. dollar and falling Treasury rates. Stock markets moved lower Friday, however, following a batch of weaker-than-expected earnings reports. The Nasdaq Composite Index, for example, up over 5% through Thursday, fell almost almost 2% Friday to end the week up 3.3%. The 10-year Treasury rate fell again last week, decreasing 18bps with 10-year real yields responsible for almost the entire move lower. 10- year real yields ended the week at 41bps, down 14bps from the previous week’s close of 55bps. At week’s end, the S&P 500 Index gained 2.5% to close at 3,961.63, the Nasdaq Composite Index climbed 3.3% to 11,834.11, the Dow Jones Industrial Average increased 2.0% to 31,900.61, the 10-year U.S. Treasury rate fell 18 bps to 2.75% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) weakened 1.3%.

Stock markets moved lower again last week with inflation/recession fears dominating markets. Higher-thanexpected CPI and PPI releases (Wednesday and Thursday, respectively) rekindled Fed-induced recession concerns with rising expectations of continued aggressive Fed tightening. Weaker-than-expected earnings reports from JP Morgan and Morgan Stanley pushed financial stocks lower, contributing to the overall market’s decline. Stock markets recovered a good portion of their losses through Thursday on Friday, however, with a stronger-thanexpected retail sales report and better-than-expected earnings reports from Wells Fargo, Citigroup and UnitedHealth Group somewhat ameliorating recession concerns. The 10-year Treasury rate decreased 15bps last week, perhaps reflecting investor sentiment that inflation has peaked and that the Fed will act to reduce rates sooner than expected. 10-year real yields were responsible for the all the decline in the 10-year Treasury rate, falling 16bps to 55bps from 71bps at the end of the previous week. At week’s end, the S&P 500 Index decreased 0.9% to 3,863.16, the Nasdaq Composite Index fell 1.6% to 11,452.42, the Dow Jones Industrial Average inched lower 0.2% to 31,286.20, the 10-year U.S. Treasury rate fell 15 bps to 2.93% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 1.0%.

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

Publication Type: Market Commentaries

The Long and Short of it, week ending 15 July 2022

19 July, 2022 | GraniteShares
Stock markets moved lower again last week with inflation/recession fears dominating markets. Higher-thanexpected CPI and PPI releases (Wednesday and Thursday, respectively) rekindled Fed-induced recession concerns with rising expectations of continued aggressive Fed tightening. Weaker-than-expected earnings reports from JP Morgan and Morgan Stanley pushed financial stocks lower, contributing to the overall market’s decline. Stock markets recovered a good portion of their losses through Thursday on Friday, however, with a stronger-thanexpected retail sales report and better-than-expected earnings reports from Wells Fargo, Citigroup and UnitedHealth Group somewhat ameliorating recession concerns. The 10-year Treasury rate decreased 15bps last week, perhaps reflecting investor sentiment that inflation has peaked and that the Fed will act to reduce rates sooner than expected. 10-year real yields were responsible for the all the decline in the 10-year Treasury rate, falling 16bps to 55bps from 71bps at the end of the previous week. At week’s end, the S&P 500 Index decreased 0.9% to 3,863.16, the Nasdaq Composite Index fell 1.6% to 11,452.42, the Dow Jones Industrial Average inched lower 0.2% to 31,286.20, the 10-year U.S. Treasury rate fell 15 bps to 2.93% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 1.0%.

Stock markets moved higher last week with all 3 major stock indexes posting gains. The Nasdaq Composite Index strongly outperformed the S&P 500 Index and the Dow Jones Industrial Average, boosted by strong tech stock performance. Risk-on sentiment combined with growing expectations inflation my have peaked drove stock prices higher through Thursday. Wednesday’s FOMC minutes release confirmed the Fed’s commitment to fight inflation even at the risk of recession, spurring stock prices - especially tech stock prices – higher as inflation concerns mitigated. Friday’s stronger-than-expected Non-Farm payroll report somewhat renewed inflation concerns and increased expectations of aggressive Fed tightening but also contributed to the belief the economy may be strong enough to avoid a recession even in the face of concerted Fed action. The 10-year Treasury rate increased 19bps last week driven almost entirely by higher real rates. 10-year inflation expectations were almost unchanged at 2.37%. At week’s end, the S&P 500 Index gained 1.9% to 3,899.38, the Nasdaq Composite Index rose 4.6% to 11,635.31, the Dow Jones Industrial Average increased 0.8% to 31,339.20, the 10-year U.S. Treasury rate increased 19 bps to 3.08% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 1.7%.

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

Publication Type: Market Commentaries

The Long and Short of it, week ending 08 July 2022

12 July, 2022 | GraniteShares
Stock markets moved higher last week with all 3 major stock indexes posting gains. The Nasdaq Composite Index strongly outperformed the S&P 500 Index and the Dow Jones Industrial Average, boosted by strong tech stock performance. Risk-on sentiment combined with growing expectations inflation my have peaked drove stock prices higher through Thursday. Wednesday’s FOMC minutes release confirmed the Fed’s commitment to fight inflation even at the risk of recession, spurring stock prices - especially tech stock prices – higher as inflation concerns mitigated. Friday’s stronger-than-expected Non-Farm payroll report somewhat renewed inflation concerns and increased expectations of aggressive Fed tightening but also contributed to the belief the economy may be strong enough to avoid a recession even in the face of concerted Fed action. The 10-year Treasury rate increased 19bps last week driven almost entirely by higher real rates. 10-year inflation expectations were almost unchanged at 2.37%. At week’s end, the S&P 500 Index gained 1.9% to 3,899.38, the Nasdaq Composite Index rose 4.6% to 11,635.31, the Dow Jones Industrial Average increased 0.8% to 31,339.20, the 10-year U.S. Treasury rate increased 19 bps to 3.08% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 1.7%.

U.S. stock markets ended the week lower with the S&P 500 Index recording its worst first-half performance since 1970 (the first half ended Thursday). Weak consumer confidence levels combined with earnings misses, unexpected lowering of earnings and revenue guidance and hawkish comments by Fed Chairman Powell helped pushed the S&P 500 Index over 3% lower and the Nasdaq Composite Index 5% lower through Thursday. Concerns of slowing growth and recession, however, receded Friday with all three Indexes increasing close to 1%. A slighly lower increase in the PCE price index compared to the previous month (Thursday release) combined with lowerthan-expected Chicago PMI and ISM Manufacturing levels as well as falling household spending helped support stock prices on hopes of peaking inflation and sooner-than-expected Fed easing. Supporting this sentiment, the 10-year Treasury rate fell 25bps last week, this time with almost all the decline coming from falling inflation expectations. 10-year real yields climbed as high as 70bps through Wednesday, but ended the week 3bps lower at 53bps. At week’s end, the S&P 500 Index fell 2.2% to 3,825.33, the Nasdaq Composite Index dropped 4.1% to 11,127.84, the Dow Jones Industrial Average decreased 1.3% to 31,0977.46, the 10-year U.S. Treasury rate fell 25 bps to 2.89% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 0.9%.

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

Publication Type: Market Commentaries

The Long and Short of it, week ending 01 July 2022

05 July, 2022 | GraniteShares
U.S. stock markets ended the week lower with the S&P 500 Index recording its worst first-half performance since 1970 (the first half ended Thursday). Weak consumer confidence levels combined with earnings misses, unexpected lowering of earnings and revenue guidance and hawkish comments by Fed Chairman Powell helped pushed the S&P 500 Index over 3% lower and the Nasdaq Composite Index 5% lower through Thursday. Concerns of slowing growth and recession, however, receded Friday with all three Indexes increasing close to 1%. A slighly lower increase in the PCE price index compared to the previous month (Thursday release) combined with lowerthan-expected Chicago PMI and ISM Manufacturing levels as well as falling household spending helped support stock prices on hopes of peaking inflation and sooner-than-expected Fed easing. Supporting this sentiment, the 10-year Treasury rate fell 25bps last week, this time with almost all the decline coming from falling inflation expectations. 10-year real yields climbed as high as 70bps through Wednesday, but ended the week 3bps lower at 53bps. At week’s end, the S&P 500 Index fell 2.2% to 3,825.33, the Nasdaq Composite Index dropped 4.1% to 11,127.84, the Dow Jones Industrial Average decreased 1.3% to 31,0977.46, the 10-year U.S. Treasury rate fell 25 bps to 2.89% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 0.9%.

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UBER DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

Topic: Industrials

Publication Type: Regulatory News

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UBER DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

19 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UBER DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UNICREDIT DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

Topic: Financials

Publication Type: Regulatory News

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UNICREDIT DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

19 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UNICREDIT DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG MICROSTRATEGY DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

Topic: Technology

Publication Type: Regulatory News

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG MICROSTRATEGY DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

19 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG MICROSTRATEGY DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG PALANTIR DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

Topic: Technology

Publication Type: Regulatory News

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG PALANTIR DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

19 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG PALANTIR DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220519

Topic: Industrials

Publication Type: Regulatory News

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220519

19 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220519

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.
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.
It has listed its ground-breaking FAANG, GAFAM and FATANG ETPs on Borsa Italiana as well as leveraged single stock ETPs offering long and short daily leveraged exposure on the largest individual US stocks Amazon, Apple, Google, Facebook, Microsoft, NVIVIDA, Tesla and Uber.

Topic: Technology , Services Financiers , Single Stocks

Publication Type: ETP and Industry , Single stock research

GRANITESHARES BUILDS ON EUROPEAN EXPANSION WITH ITALIAN LAUNCH

27 May, 2022 | GraniteShares
It has listed its ground-breaking FAANG, GAFAM and FATANG ETPs on Borsa Italiana as well as leveraged single stock ETPs offering long and short daily leveraged exposure on the largest individual US stocks Amazon, Apple, Google, Facebook, Microsoft, NVIVIDA, Tesla and Uber.

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.
Check out this article for information about shorting Tesla 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

How To Short Tesla Stock

13 May, 2021 | GraniteShares
Check out this article for information about shorting Tesla 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.

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.
It has listed its ground-breaking FAANG, GAFAM and FATANG ETPs on Borsa Italiana as well as leveraged single stock ETPs offering long and short daily leveraged exposure on the largest individual US stocks Amazon, Apple, Google, Facebook, Microsoft, NVIVIDA, Tesla and Uber.

Topic: Technology , Services Financiers , Single Stocks

Publication Type: ETP and Industry , Single stock research

GRANITESHARES BUILDS ON EUROPEAN EXPANSION WITH ITALIAN LAUNCH

27 May, 2022 | GraniteShares
It has listed its ground-breaking FAANG, GAFAM and FATANG ETPs on Borsa Italiana as well as leveraged single stock ETPs offering long and short daily leveraged exposure on the largest individual US stocks Amazon, Apple, Google, Facebook, Microsoft, NVIVIDA, Tesla and Uber.
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.
Nio (NYSE: NIO) the electric vehicle manufacturer had a roller coaster ride this year with all the hassle and external factors affecting the sales and revenue. The company develops and manufactures autonomous driving technology, digital technology, electric power trains, and batteries. Nio also innovates and offers industry-leading battery swapping technology in the vehicle, Battery-as-a-service, or BaaS also their proprietary autonomous driving technology, and Autonomous Driving as a Service ADaS. The company has launched various electric vehicles supporting the technology.

Topic: Energy

Publication Type: ETP and Industry , Single stock research

Nio Stock: Bottom Fishing or not?

25 May, 2022 | GraniteShares
Nio (NYSE: NIO) the electric vehicle manufacturer had a roller coaster ride this year with all the hassle and external factors affecting the sales and revenue. The company develops and manufactures autonomous driving technology, digital technology, electric power trains, and batteries. Nio also innovates and offers industry-leading battery swapping technology in the vehicle, Battery-as-a-service, or BaaS also their proprietary autonomous driving technology, and Autonomous Driving as a Service ADaS. The company has launched various electric vehicles supporting the technology.
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.

Stock prices moved higher last week, struggling before Wednesday’s FOMC announcement and then rallying afterwards. Concerns of slower growth and weak earnings reports (accentuated by Walmart’s worse-than expected report after hours Monday) in front of Wednesday’s FOMC announcement pressured prices lower through Tuesday. Wednesday’s as-expected 75bp rate hike, combined with announcement wording suggesting the Fed would be less aggressive going forward, spurred stock prices higher. This risk-on sentiment continued through Friday despite Thursday’s report showing GDP contracted 0.9% in June, the second contraction in a row. Strong earnings reports from Alphabet, Microsoft and Amazon were responsible for stock markets moving higher as well. The 10-year Treasury rate, reacting to expectations of a less aggressive Fed, decreased 10bps. Interestingly, the decline resulted from a 30bp decrease in 10-year real rates offset by a 20bp increase in 10-year inflation expectations. Similarly, the U.S. dollar weakened, also reacting to prospects of less aggressive Fed tightening visà-vis other central banks. At week’s end, the S&P 500 Index rose 4.3% to 4,130.29, the Nasdaq Composite Index climbed 4.7% to 12,390.69, the Dow Jones Industrial Average increased 3.0% to 32,846.45, the 10-year U.S. Treasury rate fell 10 bps to 2.65% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) weakened 0.7%.

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

Publication Type: Market Commentaries

The Long and Short of it, week ending 29 July 2022

02 August, 2022 | GraniteShares
Stock prices moved higher last week, struggling before Wednesday’s FOMC announcement and then rallying afterwards. Concerns of slower growth and weak earnings reports (accentuated by Walmart’s worse-than expected report after hours Monday) in front of Wednesday’s FOMC announcement pressured prices lower through Tuesday. Wednesday’s as-expected 75bp rate hike, combined with announcement wording suggesting the Fed would be less aggressive going forward, spurred stock prices higher. This risk-on sentiment continued through Friday despite Thursday’s report showing GDP contracted 0.9% in June, the second contraction in a row. Strong earnings reports from Alphabet, Microsoft and Amazon were responsible for stock markets moving higher as well. The 10-year Treasury rate, reacting to expectations of a less aggressive Fed, decreased 10bps. Interestingly, the decline resulted from a 30bp decrease in 10-year real rates offset by a 20bp increase in 10-year inflation expectations. Similarly, the U.S. dollar weakened, also reacting to prospects of less aggressive Fed tightening visà-vis other central banks. At week’s end, the S&P 500 Index rose 4.3% to 4,130.29, the Nasdaq Composite Index climbed 4.7% to 12,390.69, the Dow Jones Industrial Average increased 3.0% to 32,846.45, the 10-year U.S. Treasury rate fell 10 bps to 2.65% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) weakened 0.7%.
U.S. stock markets ended the week higher with all 3 major indexes increasing 2% or more and with the tech-heavy Nasdaq Composite Index outperforming. Better-than-expected earnings reports were the primary driver for higher stock prices, assisted by a weaker U.S. dollar and falling Treasury rates. Stock markets moved lower Friday, however, following a batch of weaker-than-expected earnings reports. The Nasdaq Composite Index, for example, up over 5% through Thursday, fell almost almost 2% Friday to end the week up 3.3%. The 10-year Treasury rate fell again last week, decreasing 18bps with 10-year real yields responsible for almost the entire move lower. 10- year real yields ended the week at 41bps, down 14bps from the previous week’s close of 55bps. At week’s end, the S&P 500 Index gained 2.5% to close at 3,961.63, the Nasdaq Composite Index climbed 3.3% to 11,834.11, the Dow Jones Industrial Average increased 2.0% to 31,900.61, the 10-year U.S. Treasury rate fell 18 bps to 2.75% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) weakened 1.3%.

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

Publication Type: Market Commentaries

The Long and Short of it, week ending 22 July 2022

26 July, 2022 | GraniteShares
U.S. stock markets ended the week higher with all 3 major indexes increasing 2% or more and with the tech-heavy Nasdaq Composite Index outperforming. Better-than-expected earnings reports were the primary driver for higher stock prices, assisted by a weaker U.S. dollar and falling Treasury rates. Stock markets moved lower Friday, however, following a batch of weaker-than-expected earnings reports. The Nasdaq Composite Index, for example, up over 5% through Thursday, fell almost almost 2% Friday to end the week up 3.3%. The 10-year Treasury rate fell again last week, decreasing 18bps with 10-year real yields responsible for almost the entire move lower. 10- year real yields ended the week at 41bps, down 14bps from the previous week’s close of 55bps. At week’s end, the S&P 500 Index gained 2.5% to close at 3,961.63, the Nasdaq Composite Index climbed 3.3% to 11,834.11, the Dow Jones Industrial Average increased 2.0% to 31,900.61, the 10-year U.S. Treasury rate fell 18 bps to 2.75% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) weakened 1.3%.
Stock markets moved lower again last week with inflation/recession fears dominating markets. Higher-thanexpected CPI and PPI releases (Wednesday and Thursday, respectively) rekindled Fed-induced recession concerns with rising expectations of continued aggressive Fed tightening. Weaker-than-expected earnings reports from JP Morgan and Morgan Stanley pushed financial stocks lower, contributing to the overall market’s decline. Stock markets recovered a good portion of their losses through Thursday on Friday, however, with a stronger-thanexpected retail sales report and better-than-expected earnings reports from Wells Fargo, Citigroup and UnitedHealth Group somewhat ameliorating recession concerns. The 10-year Treasury rate decreased 15bps last week, perhaps reflecting investor sentiment that inflation has peaked and that the Fed will act to reduce rates sooner than expected. 10-year real yields were responsible for the all the decline in the 10-year Treasury rate, falling 16bps to 55bps from 71bps at the end of the previous week. At week’s end, the S&P 500 Index decreased 0.9% to 3,863.16, the Nasdaq Composite Index fell 1.6% to 11,452.42, the Dow Jones Industrial Average inched lower 0.2% to 31,286.20, the 10-year U.S. Treasury rate fell 15 bps to 2.93% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 1.0%.

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

Publication Type: Market Commentaries

The Long and Short of it, week ending 15 July 2022

19 July, 2022 | GraniteShares
Stock markets moved lower again last week with inflation/recession fears dominating markets. Higher-thanexpected CPI and PPI releases (Wednesday and Thursday, respectively) rekindled Fed-induced recession concerns with rising expectations of continued aggressive Fed tightening. Weaker-than-expected earnings reports from JP Morgan and Morgan Stanley pushed financial stocks lower, contributing to the overall market’s decline. Stock markets recovered a good portion of their losses through Thursday on Friday, however, with a stronger-thanexpected retail sales report and better-than-expected earnings reports from Wells Fargo, Citigroup and UnitedHealth Group somewhat ameliorating recession concerns. The 10-year Treasury rate decreased 15bps last week, perhaps reflecting investor sentiment that inflation has peaked and that the Fed will act to reduce rates sooner than expected. 10-year real yields were responsible for the all the decline in the 10-year Treasury rate, falling 16bps to 55bps from 71bps at the end of the previous week. At week’s end, the S&P 500 Index decreased 0.9% to 3,863.16, the Nasdaq Composite Index fell 1.6% to 11,452.42, the Dow Jones Industrial Average inched lower 0.2% to 31,286.20, the 10-year U.S. Treasury rate fell 15 bps to 2.93% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 1.0%.
Stock markets moved higher last week with all 3 major stock indexes posting gains. The Nasdaq Composite Index strongly outperformed the S&P 500 Index and the Dow Jones Industrial Average, boosted by strong tech stock performance. Risk-on sentiment combined with growing expectations inflation my have peaked drove stock prices higher through Thursday. Wednesday’s FOMC minutes release confirmed the Fed’s commitment to fight inflation even at the risk of recession, spurring stock prices - especially tech stock prices – higher as inflation concerns mitigated. Friday’s stronger-than-expected Non-Farm payroll report somewhat renewed inflation concerns and increased expectations of aggressive Fed tightening but also contributed to the belief the economy may be strong enough to avoid a recession even in the face of concerted Fed action. The 10-year Treasury rate increased 19bps last week driven almost entirely by higher real rates. 10-year inflation expectations were almost unchanged at 2.37%. At week’s end, the S&P 500 Index gained 1.9% to 3,899.38, the Nasdaq Composite Index rose 4.6% to 11,635.31, the Dow Jones Industrial Average increased 0.8% to 31,339.20, the 10-year U.S. Treasury rate increased 19 bps to 3.08% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 1.7%.

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

Publication Type: Market Commentaries

The Long and Short of it, week ending 08 July 2022

12 July, 2022 | GraniteShares
Stock markets moved higher last week with all 3 major stock indexes posting gains. The Nasdaq Composite Index strongly outperformed the S&P 500 Index and the Dow Jones Industrial Average, boosted by strong tech stock performance. Risk-on sentiment combined with growing expectations inflation my have peaked drove stock prices higher through Thursday. Wednesday’s FOMC minutes release confirmed the Fed’s commitment to fight inflation even at the risk of recession, spurring stock prices - especially tech stock prices – higher as inflation concerns mitigated. Friday’s stronger-than-expected Non-Farm payroll report somewhat renewed inflation concerns and increased expectations of aggressive Fed tightening but also contributed to the belief the economy may be strong enough to avoid a recession even in the face of concerted Fed action. The 10-year Treasury rate increased 19bps last week driven almost entirely by higher real rates. 10-year inflation expectations were almost unchanged at 2.37%. At week’s end, the S&P 500 Index gained 1.9% to 3,899.38, the Nasdaq Composite Index rose 4.6% to 11,635.31, the Dow Jones Industrial Average increased 0.8% to 31,339.20, the 10-year U.S. Treasury rate increased 19 bps to 3.08% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 1.7%.
U.S. stock markets ended the week lower with the S&P 500 Index recording its worst first-half performance since 1970 (the first half ended Thursday). Weak consumer confidence levels combined with earnings misses, unexpected lowering of earnings and revenue guidance and hawkish comments by Fed Chairman Powell helped pushed the S&P 500 Index over 3% lower and the Nasdaq Composite Index 5% lower through Thursday. Concerns of slowing growth and recession, however, receded Friday with all three Indexes increasing close to 1%. A slighly lower increase in the PCE price index compared to the previous month (Thursday release) combined with lowerthan-expected Chicago PMI and ISM Manufacturing levels as well as falling household spending helped support stock prices on hopes of peaking inflation and sooner-than-expected Fed easing. Supporting this sentiment, the 10-year Treasury rate fell 25bps last week, this time with almost all the decline coming from falling inflation expectations. 10-year real yields climbed as high as 70bps through Wednesday, but ended the week 3bps lower at 53bps. At week’s end, the S&P 500 Index fell 2.2% to 3,825.33, the Nasdaq Composite Index dropped 4.1% to 11,127.84, the Dow Jones Industrial Average decreased 1.3% to 31,0977.46, the 10-year U.S. Treasury rate fell 25 bps to 2.89% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 0.9%.

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

Publication Type: Market Commentaries

The Long and Short of it, week ending 01 July 2022

05 July, 2022 | GraniteShares
U.S. stock markets ended the week lower with the S&P 500 Index recording its worst first-half performance since 1970 (the first half ended Thursday). Weak consumer confidence levels combined with earnings misses, unexpected lowering of earnings and revenue guidance and hawkish comments by Fed Chairman Powell helped pushed the S&P 500 Index over 3% lower and the Nasdaq Composite Index 5% lower through Thursday. Concerns of slowing growth and recession, however, receded Friday with all three Indexes increasing close to 1%. A slighly lower increase in the PCE price index compared to the previous month (Thursday release) combined with lowerthan-expected Chicago PMI and ISM Manufacturing levels as well as falling household spending helped support stock prices on hopes of peaking inflation and sooner-than-expected Fed easing. Supporting this sentiment, the 10-year Treasury rate fell 25bps last week, this time with almost all the decline coming from falling inflation expectations. 10-year real yields climbed as high as 70bps through Wednesday, but ended the week 3bps lower at 53bps. At week’s end, the S&P 500 Index fell 2.2% to 3,825.33, the Nasdaq Composite Index dropped 4.1% to 11,127.84, the Dow Jones Industrial Average decreased 1.3% to 31,0977.46, the 10-year U.S. Treasury rate fell 25 bps to 2.89% and the U.S. dollar (as measured by the ICE U.S. Dollar index - DXY) strengthened 0.9%.

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UBER DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

Topic: Industrials

Publication Type: Regulatory News

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UBER DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

19 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UBER DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UNICREDIT DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

Topic: Financials

Publication Type: Regulatory News

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UNICREDIT DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

19 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG UNICREDIT DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG MICROSTRATEGY DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

Topic: Technology

Publication Type: Regulatory News

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG MICROSTRATEGY DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

19 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG MICROSTRATEGY DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG PALANTIR DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

Topic: Technology

Publication Type: Regulatory News

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG PALANTIR DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518

19 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG PALANTIR DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220518
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220519

Topic: Industrials

Publication Type: Regulatory News

GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220519

19 May, 2022 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X LONG NIO DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20220519
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