How Passive Indexes Are Funding MicroStrategy's Bitcoin Purchases BLOK’s NAV returns were up 24.89% in November, leading the YTD performance to 67.73% (see standardized performance). This positive performance was achieved broadly and certainly reflects the optimism around crypto policies and the more friendly regulations that are expected to come from the new administration. More important than just price action, we believe that companies and investors can now begin to truly again embrace the inevitable future of blockchain innovation. In January, BLOK will celebrate its 7th year, so it is with tremendous pride we conclude this year with great results and optimism.
COMMENTARY The S&P 500 closed November as the best month of the year so far with every one of the 11 sectors notching a green month. With the uncertainty of the election and another FOMC (Federal Open Market Committee) meeting in the rear-view mirror, investors went full risk-on and didn’t look back. It probably helped that earnings season wrapped up with companies in the S&P 500 growing an average of 5.8% and more than half of the index members beating estimates. The VIX fell throughout the month from the low-20s back to the low-teens, where it spent much of the year. Looking ahead, seasonal strength may continue into the "Santa Claus" market period, though offsetting factors like tax-loss selling and geopolitical tensions can never be overlooked.
The Cannabis Recap - November 21, 2024
The Cannabis Recap - November 26, 2024
Amplify ETFs Declares November Income Distributions for its Income ETFs
Amplify ETFs Declares November Income Distributions for its Income ETFs
The Cannabis Recap - December 04, 2024
BLOK-Chain Monthly December 2024
The Cannabis Recap - December 10, 2024
DIVO Commentary November 2024
The Cannabis Recap - December 16, 2024
Amplify ETFs Declares December Income Distributions for its Income ETFs