HACK News and Press, ETFMG Prime Cyber Security From 03/02/23

Summary Fourth-quarter results showed consumers balked at higher prices. Together, Google, Amazon, and Microsoft command roughly three-quarters of the cloud market and we find the soft results for all three to be a potential canary in the coal mine for the economy. We expect the foc...

Summary Outside of a brief period last summer, the Technology sector has seen its relative strength line sit in negative territory for nearly the whole of the past year. While Tech’s relative strength is not as weak as it once was and is closing in on the first positive readings ...

Summary ChatGPT has ignited the world’s imagination about the power of artificial intelligence. Surging popular interest has renewed optimism that this may be the “killer app” of cloud computing. It’s not too soon for equity investors in the technology se...

Summary As the stock market continues to see volatility with inflation and interest rate hikes, the pace of technological change has taken a giant leap forward and created opportunities for investors. ChatGPT has been compared to the invention of the internet, robots are being introduce...

Summary Artificial Intelligence (AI) has garnered a fair amount of hype over the past two months. However, investors may be focusing on the wrong set of companies. In this report, we focus on two areas that we believe are overlooked and offer outsized opportunities: cybersecurity an...

Summary Loosening Big Tech's labor stronghold may help level the global playing field. We believe many of our international holdings will be able to capitalize on dislocated labor markets. International investing offers the opportunity to access markets with technology innovators wh...

Summary HACK is an ETF that invests in a focused basket of stocks in the cybersecurity business. Cyberattacks are expected to grow an estimated $10.5 trillion in damages annually by 2025. This creates a massive opportunity for the companies HACK invests in. We like this ETF but limi...

Summary Last week, the Federal Reserve continued to decelerate its rate hikes with a quarter-point hike. Investors have been celebrating that the worst is behind us and the prospects of a soft landing in the economy is the base-case scenario. Despite the perceived Fed pivot, the Fed...

Summary As we head into the end of January, technical conditions in major stock indexes are showing a lot of strength. We think a bear market that could easily trim 50% from indexes is in the cards, but timing is everything. We find price action-driven measures more reliable than su...

Summary When I think about the lessons learned from 2022, I think the biggest lesson is valuations matter. I do think this is the most predicted recession that I've ever seen, certainly, in my career. Investors of all stripes, whether you're an asset allocator or a stock picker, I t...