QUICK SPARK: QQQ, VOO Lead ETF Inflows as Investors Rotate Into Gold and Treasurys
QQQ attracted $860.25 million and VOO $693.23 million in ETF inflows Thursday, while GLD added $627.68 million as total ETF flows reached $2.83 billion.
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High job openings contrast with falling hires, leaving the Fed trapped between rising inflation and cooling job growth.
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QQQ attracted $860.25 million and VOO $693.23 million in ETF inflows Thursday, while GLD added $627.68 million as total ETF flows reached $2.83 billion.
Global bond yields surge as U.S., U.K., and Japan reach multi-year highs. Robin Brooks breaks down the structural sell-off.
The 10-year Treasury yield hit 4.80% Tuesday, the highest since January 2025. The Treasury doubled buyback program last month.
VOO led ETF inflows with $3.3B. Investors also poured money into Treasury and gold ETFs; total ETF flows reached $5.3B on Thursday.
A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.
Stocks rallied and Treasury yields retreated from three-year highs after Fed Governor Waller signaled he could back a rate hold, sending bitcoin above $80,000.