COMMENTARY Risk assets, like the equity and fixed income markets, dislike uncertainty as it introduces greater variability to the inputs for valuations, corporate guidance and interest rate outlooks. With the changing administration in the White House and an FOMC that has left the door open to many possibilities in 2025, it’s clear why markets started the year on the back foot. Presidential tweets that threaten tariffs – a hallmark of Trumps first term – only added to the uncertainty for investors. By mid-January the S&P 500 was struggling to stay positive and the VIX was flirting with elevated levels near 20. Eventually the appetite for risk returned and the S&P 500 rallied back from mid-month losses to finish the month higher. The VIX headed lower, and investors turned their attention to Q4 corporate earnings along with many companies providing their first glimpse into guidance for 2025.

Amplify Bloomberg U.S. Treasury 12% Premium Income ETF (TLTP) Chicago, IL—February 19, 2025 – Amplify ETFs, a leading provider of innovative exchange-traded funds, emphasizes its 12% option income strategy by renaming the TLTP ETF to the Amplify Bloomberg U.S. Treasury 12% Premium Income ETF (formerly Amplify Bloomberg U.S. Treasury Target High Income ETF), effective today. The fund will continue trading under its existing CBOE ticker, TLTP.

Amplify Bloomberg U.S. Treasury 12% Premium Income ETF (TLTP) Chicago, IL—February 19, 2025 – Amplify ETFs, a leading provider of innovative exchange-traded funds, emphasizes its 12% option income strategy by renaming the TLTP ETF to the Amplify Bloomberg U.S. Treasury 12% Premium Income ETF (formerly Amplify Bloomberg U.S. Treasury Target High Income ETF), effective today. The fund will continue trading under its existing CBOE ticker, TLTP.

Chicago, February 27, 2025—Amplify ETFs announces February income distributions for its income ETFs.

Chicago, February 27, 2025—Amplify ETFs announces February income distributions for its income ETFs.

Audio Commentary by Tim Seymour

Audio Commentary by Tim Seymour

Audio Commentary by Tim Seymour

COMMENTARY The equity markets began February on a positive note, buoyed by early optimism about the changing administration, but the mood shifted as inflation fears resurfaced and uncertainty over potential tariffs escalated. Concerns about rising consumer prices, driven by proposed trade policies, rattled investors, leading to a significant sell-off in the back half of the month. This uncertainty was mirrored by a sharp spike in the CBOE Volatility Index (VIX) which crossed above 20 near month-end, its highest level since mid-December. Investor attention will likely remain fixed on tariff announcements and the shifting geopolitical landscape in the weeks ahead.

Big Firms Are Getting Louder