Portfolio Manager Tim Seymour shares his thoughts on cannabis trends and outlook on the markets in this CNBS 3rd quarter report of 2023. Learn more about Amplify Seymour Cannabis ETF (CNBS), including the top 10 holdings, country allocations, and market allocations.

Audio Commentary by Tim Seymour

Audio Commentary by Tim Seymour

Amplify ETFs and Samsung Asset Management Launch the Amplify Samsung SOFR ETF (SOF)

There is a common saying among investors that markets take the stairs up and the elevator down. This is because the long-term trends that drive markets higher tend to be slow moving and compound over time, whereas the events that create short-term panic tend to be sudden and unexpected. At the same time, history shows that even new market lows tend to be higher than previous peaks. In other words, markets often take the stairs up several floors before riding the elevator down one or two levels. For long-term investors, understanding this dynamic in the current environment is critical to staying focused on important financial goals. A more technical way to frame this dynamic involves the distinction between returns and volatility. Returns are simply the gains that investors experience in their portfolios which, ideally, should be measured over time frames that capture the growth in asset prices across important phases of the market and business cycle. In contrast, volatility measures how much prices swing over days, weeks, or months. These swings often reflect the gap between reality and expectations for investors. Given that expectations can shift wildly in both directions, it should not be surprising that market prices fluctuate as much as they do.=

Audio Commentary by Tim Seymour

Chicago, November 28, 2023—Amplify ETFs announces November income distributions for its ETFs.

Audio Commentary by Tim Seymour

There's an old saying in the financial world: Liquidity is like oxygen you only notice it when it's gone. And some of the most important – and least noticed – suppliers of that liquidity and therefore stability to the financial system are repurchase agreements, or repos. Many investors may be unfamiliar with repos. While their name sounds clunky – it’s important not to confuse “repos” with repossessing a car or other items after failing to pay a loan. The significance of repos to the health of economic and business activity is immense.

Blockchain as a technology is more than just the transfer of value using Bitcoin or Ethereum. It helps industries operate more efficiently as a whole. In last month’s report we highlighted the effectiveness of the blockchain at banks, like JP Morgan, who used tokenization to transfer value more efficiently over their system. We believe that as the financial rails with regulatory scrutiny prove that tokenization can work to store and save value, other industries will embrace the benefits to help solve their own defined issues. We have seen evidence of this lately through the acceleration of patent filing on Non-Fungible Tokens (NFTs) by many major firms.