whether you embrace or reject etfs, they are here to stay. the flows signal broader market trends. let s check in with eric balchunas. a snapshot of the flows and the theme is risky assets like the stocks. eric: thank you, scarlet. i m feeling like a broken record. every week, i am saying people are excited about the fed being accommodative. it felt like about two months. another week of the same thing. $15 billion into etf s. we have spy, the cuse. you also have ibv and some vanguard funds. both major player types are buying in. i thought, this seems to have started in the beginning of june when the fed reassured markets. let s capture june and july. the complexion of the flows is changing and this chart shows it is. june and july, etf s took in $85 billion. that is more than the rest of the year combined. that is a lot of money coming in. u.s. equity etf s are taking in three times more than they did at the beginning part of the year. more than fixed income. they are now th
this creates enough uncertainty to where even the strong payrolls report that we got today is likely going to secure that cut. we are going to get a 50 basis points one way or the other. mr. trump now knows the buttons he has to press to get the outcomes that he wants. good policy, bad policy, the white house is listening. that is why you are seeing the president be so aggressive right now. to the extent trump continues to push on the trade war and that hurts economic growth and creates these downside risk, presumably means that central banks will push more in terms of easier monetary policy. jay powell has made clear that he is willing to step into the breach and backstop the president in this trade war. this is an adverse feedback loop that could get very dangerous. jonathan: joining us to discuss is oksana aronov, priya misra, and robert tipp. oksana, that interplay between the federal reserve and trade policy from the white house, just talk to us about it. o
issue will dominate a thinking at the fed. you have to extrapolate this and you can about the fed delivering a series of cuts. strong payrolls report that we can t today is likely going to secure that cut. we are going to get a 50 basis points one way or another. mr. trump now knows the funds he has to press to get the outcomes that he wants. that is why you are sitting president from so aggressive right now. to the extent trump continues to push on the trade war and that creates a downside risks, presumably means central banks will push more in terms of easier monetary policy. jay powell has made clear that he is willing to backstop the president in this trade war. this is an adverse feedback loop that could get very dangerous. joining us to discuss is oksana aronov, priya misra, and robert tipp. oksana, that interplay between the federal reserve and trade policy from the white house, talk about it. fat one from the frying pan into the fire with that announceme
delivering a series of cuts. this creates enough uncertainty where even the strong payrolls report that we got today is likely going to secure that cut. we are going to get a 50 basis points one way or another. r. trump now knows the buttons he has to press to get the outcomes that he wants. good policy, that policy, the white house is listening. that is why you are seeing the president be so aggressive right now. to the extent trump continues to push on the trade war and that hurts economic growth and creates a downside risks, presumably means central banks will push more in terms of easier monetary policy. jay powell has made clear that he is willing to backstop the president in this trade war. this is an adverse feedback loop that could get very dangerous. jonathan: joining us to discuss is oksana aronov, priya misra, and robert tipp. jonathan: i m jonathan ferro. oksana, that interplay between this is bloomberg real yield. the federal reserve and trade it
numbers. inflation has been muted. inflation and wage pressures are modest. where having really great job growth, super good job growth. it s stable, it is fine. there is no inflation. the head winds fading. we are calling it nirvana. jonathan: we can play that opening sequence every month and the next month and the next month, and it would be relevant. let s bring in the table. kathleen, how long have we been doing this goldilocks business with the payrolls report? forever. it is getting really old. jonathan: is it going to change? it will, and i think we are getting close. everything is so crowded it is poised to just jump. it is goldilocks for the economy is good for the bond market. everything else i would say so, yes. it will go on for a long time. what i think we will find out if s that a lot of the business cycle was a combination of the fed being hyper aggressive in the rate movements and not aggressive enough in tamping down on aggressive lending.