DRIV News and Press, Global X Autonomous & Electric Vehicles ETF From 09/15/22

Summary On August 16, 2022, President Biden signed the Inflation Reduction Act (“the Act”) into law. The ramifications of the Act’s duration are substantive. There is still much room to grow if the U.S. wants to decarbonize and spur investments to truly ma...

Summary The world has always relied on the Saudis for decades to calm the oil markets by producing more oil when prices rise, something they are not capable of doing as the truth of their capabilities is now being questioned. We have liquidated our strategic oil reserves, pulled b...

Summary Even though electric vehicles have become mainstream, true driverless vehicles still do not exist. As manufacturers shift to produce cleaner, higher tech options, BEVs are quickly gaining market share over PHEVs. While there is a difference between electric and autonom...

Summary Coal consumption in global power generation decreased during the first half of 2022, compared to the first half 2021. Renewable generation increased by 17% year on year, driven by continued capacity additions. Electric power generation continues to become less carbon i...

Summary DRIV invests in EV stocks, including auto makers, producers of key components, and developers of related technology. The portfolio has a good balance between high-quality category leaders along with several emerging players. We are bullish and expect the fund to trade ...

Summary Crude oil prices are an excellent measure of consumer engagement and activity worldwide. While crude oil contracts, alternative energy sources may experience a rising price cycle. The collapse in the financial markets broke consumer expectations and spending habits as ...

Summary Russia’s Gazprom stated that it had identified a defect in the last working turbine of the Nord Stream gas pipeline that carries Russian gas under the Baltic Sea to Germany. It’s not just a difficult winter that lies ahead for Europe, but at least two or thre...

Summary Jackson Hole reset expectations to focus more on inflation. The U.S. dollar should stabilize over the medium-term amid hawkishness from other central banks and slowing economic data. At stake is Europe’s ability to refill their storage tanks ahead of winter. ...

Summary We are in year 2 of the great supply chain crisis. There are a handful of factors - from chip supply to impacts from climate and conflict - as to when 'normal' production will return. Industry supply has been at or below 26 days for an unprecedented 14 consecutive months. ...

Summary We might have had areas that were a bit of a bubble, like in the SPAC space or meme stocks, but that doesn’t mean the whole market is. Metaverse is going to be much more like augmented reality, and we will use it in different ways that we had not considered. It&...