COMMENTARY The old adage of “sell in May and go away” need not apply this year as May produced returns in the S&P 500 of nearly 5%, more than offsetting the loss from April. Moreover, in contrast to April where only one sector produced positive returns, May had only one sector (Energy) with negative performance. As has been the trend in 2024, May set the new all-time high for major equity benchmark indices. While overall volumes in exchange-traded securities were lower than in prior months, investors have shown remarkable patience in continuing to hold equity securities while geopolitics and the Fed compete for headlines

Audio Commentary by Tim Seymour

Blockchain is Replacing Trust with Truth BLOK ETF rebounded 7.17% (NAV return) in May and closed the month up 10.83% YTD (view standardized performance). The biggest contributor to this performance was Core Scientific (CORZ) stock, the Fund’s largest position in the Bitcoin mining category. CORZ took a moonshot up 62% and nearly half of the month’s attribution came from upside in CORZ stock and bonds, together adding about 2% and MicroStrategy adding 1.43%. We only highlight investments that move the needle by greater than 1% in this section.

Leading ETF provider celebrated for excellence in digital asset solutions Amplify ETFs, a leading provider of innovative exchange-traded funds, is thrilled to announce that it has been honored with a prestigious With Intelligence Mutual Fund and ETF Award, highlighting its commitment to delivering cutting-edge investment solutions.

Leading ETF provider celebrated for excellence in digital asset solutions Amplify ETFs, a leading provider of innovative exchange-traded funds, is thrilled to announce that it has been honored with a prestigious With Intelligence Mutual Fund and ETF Award, highlighting its commitment to delivering cutting-edge investment solutions.

Chicago, June 27, 2024—Amplify ETFs announces June income distributions for its ETFs.

Chicago, June 27, 2024—Amplify ETFs announces June income distributions for its ETFs.

Audio Commentary by Tim Seymour

Audio Commentary by Tim Seymour

COMMENTARY The end of June also wraps up the first half of 2024 and was certainly full of surprises, not unlike a typical year. Investor sentiment shifted from wondering if the rally was sustainable to wondering how high the market could go. In fact, the S&P 500 averaged a new all-time high approximately every four days through the first half of the year. Looking forward, the second half of the year will likely continue to have surprises with an election, potentially the first (or second) rate cut by the Fed and seasonal market forces that should keep investors engaged and likely be full of surprises.