Evolving Times | Weekly Newsletter
The tech selloff continues to present an interesting entry opportunity for investors. Last week, the Nasdaq experienced its worst day since late 2022, and the S&P 500 snapped its 356-session streak without a 2% or greater decline. Despite the recent downturn, both indices remain at June levels, following the S&P 500's 38 record-high closings this year.
The Bank of Canada cut its overnight rate again, with Governor Tiff Macklem highlighting that monetary policy is effectively easing price pressures, allowing for economic growth without inflation risks. In the U.S., the Fed’s preferred inflation gauge, the PCE, showed its slowest price rise since March 2021, boosting hopes for a September rate cut.
We want you to stay in tune with the movements in the markets, so we have carefully selected these articles for you. As always, we hope you enjoy and welcome your feedback.
Evolve in the news! 2 ways to safely invest in AI (Artificial Intelligence).?
Evolve Artificial Intelligence Fund?(Ticker: ARTI)
With that caution in mind, a more prudent approach to tapping into the AI boom is through AI thematic exchange-traded funds (ETFs). The first ETF that stands out is Evolve Artificial Intelligence Fund (TSX:ARTI). This ETF takes a unique approach by combining active management with cutting-edge technology—its portfolio is selected not just by human expertise but with the assistance of an AI system provided by Boosted.AI.
Fed’s key inflation gauge rose 2.5% in June from a year ago, easing path to rate cut.
Evolve S&P 500? Enhanced Yield Fund?(Ticker: ESPX)
An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line with Dow Jones estimates, the Commerce Department reported Friday. The year-over-year gain in May was 2.6%, while the monthly measure was unchanged.
US Banks: Q2 2024 earnings roundup.?
Evolve US Banks Enhanced Yield Fund?(Ticker: CALL)
The Q2 2024 earnings season for US financials and banks revealed robust financial performance across the sector, marked by consistent earnings beats, strong revenue growth, and strategic investments in technology and digital platforms. Most banks reported earnings per share and revenue that surpassed analyst estimates, demonstrating strong operational efficiency and effective cost management. Revenue growth was driven by diverse segments such as global banking, wealth management, investment banking, and trading.
Pfizer’s once-daily weight loss pill poised to disrupt fast-growing injectable market.?
Evolve Global Healthcare Enhanced Yield Fund?(Ticker: LIFE)
领英推荐
Pfizer’s recent announcement that it is advancing a once-daily weight loss pill into mid-stage clinical trials later this year marks a significant development in obesity treatment, one poised to disrupt the rapidly expanding market dominated by injectable drugs. Join us for a look at Pfizer’s strategic approach to developing the once-daily pill, its competitive advantages, the implications for Pfizer’s financial performance and its positioning within the broader competitive landscape.
Apple’s first foldable iPhone could arrive in 2026.
Evolve FANGMA Index ETF?(Ticker: TECH)
Apple continues to work on a foldable iPhone, which could arrive as early as 2026. The phone is rumored to fold horizontally, like the clamshell-style Samsung Galaxy Z Flip. Apple is reportedly still working to flatten the crease that appears when the phone is unfolded and is also attempting to make the device thinner. Rumors also indicate that Apple is working on a much thinner iPhone for 2025.
US spot ether ETFs see net inflows of $106 million on first day.?
Evolve Cryptocurrencies ETF?(Ticker: ETC)
The nine exchange-traded funds (ETFs) tied to the spot price of ether, the world's second-largest cryptocurrency, scooped up net inflows of $106 million on Tuesday as they began trading on U.S. stock exchanges, according to data from CF Benchmarks and several trading firms. The funds that pulled in most of those assets were sponsored by the same firms that emerged as the biggest winners following January's debut of spot bitcoin ETFs, CF Benchmarks, a digital asset index provider, noted.
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With $7 billion in assets under management, Evolve is one of Canada’s fastest growing ETF providers since launching its first ETF in September 2017. Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve’s suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world’s leading investment managers. Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference. Learn more at?www.evolveetfs.com
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The contents of this newsletter are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security whatsoever. The opinions in these articles are those of the author and the publication and do not necessarily represent the opinions of Evolve Funds Group Inc., its partners, service providers, employees or associates.? ?
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