Astoria

Asset Management · ETF Sponsor · OCIO | Macro & Quant-Driven | High-Conviction Portfolios | $PPI $ROE $GQQQ $AGGA $IQGR

[Astoria @AstoriaAdvisors]

Three years ago, "owning the S&P 500" increasingly meant leaning on a handful of mega-cap names. We thought investors deserved another option.
That's why we built ROE — the Astoria US Equal Weight Quality Kings ETF. One simple idea: instead of owning companies based only on how large they've become, own high-quality businesses equally. #ETF #EqualWeight #QualityInvesting #ROE #Astoria
▶ Watch the intro: "Why We Built ROE"
Learn more: https://t.co/EDFOSgbmgb

[Astoria @AstoriaAdvisors]

Before asking what to buy, ask what the money is for.

Growth, income, or protection?

Your goal should drive your portfolio—not the headlines.

https://t.co/mxqRXLj096

[Astoria @AstoriaAdvisors]

@choffstein Congrats! Those events are not easy to put together!

[Astoria @AstoriaAdvisors]

How does Astoria approach risk management?
We look at three things: business cycles, earnings & valuations, and sentiment & positioning - then use those signals to balance opportunity, diversification, and downside risk.
https://t.co/KH2Agjw23K

[Astoria @AstoriaAdvisors]

@EconomPic @QuietProsperity It’s optimized against the MSCI USA index which is basically SPX or R1. The original intent was slight tilt against the bench but completely agree it’s nearly a perfect fit

@Todd_Sohn ha written about this many times also

[Astoria @AstoriaAdvisors]

These deals are all circular in nature.

Everything works, until it doesn’t, even if we live in a passive world.

(On the margin, I prefer to diversify and own equal weight, value, international, and real assets).

[StockMarket.News @_Investinq]

BlackRock's Rick Rieder says he has never seen AI financing this big, and the cost of debt now rivals the cost of equity

"I've never seen anything like it in terms of the size of the financing that's coming in both debt markets, equity markets"

"The cost of debt has actually equilibrated in many ways to the cost of equity for some of these companies"

"I've heard people compare this to the internet bubble. These companies are throwing off real revenue, real cash flow"

AI borrowing has pushed U.S. high-grade bond sales to an annual record, with Meta, SpaceX and Broadcom all raising in the past few days $META $AVGO

When debt costs as much as equity, the biggest borrowers start selling stock

via @markets, featuring @BlackRock

[Astoria @AstoriaAdvisors]

Hard to imagine that the Fed isn’t hiking more.

We are running pretty hot based on several indicators.

[StockMarket.News @_Investinq]

BofA head of US economics Aditya Bhave says the Fed should hike again tomorrow

"Inflation's been horrible"

"Why not get that second one done in October"

"This is really Warsh's opportunity"

BofA sees about 75 basis points of hikes in total, December and March if the Fed holds tomorrow, with risks of more. Rate-sensitive names like $TLT and $IWM are in the crosshairs

The market is about to find out how much Chair Warsh breaks from the old playbook

via @CNBC

[Astoria @AstoriaAdvisors]

@teddyfuse @bryantparknyc Can’t wait!

[Astoria @AstoriaAdvisors]

@Todd_Sohn Cyclicals due for a bounce…

[Astoria @AstoriaAdvisors]

Most portfolios stick to static benchmarks. Ours adapt.

Astoria’s Dynamic ETF Managed Portfolios adjust risk budgets as the macro environment changes, applying one business-cycle framework across five risk profiles.

Explore the strategies: https://t.co/6v6g6aNnPv

[Astoria @AstoriaAdvisors]

@EricBalchunas A few of the mag 7 stocks (Amazon, Google, etc) already have huge stakes in the company so most plain vanilla tech stocks (and $SPY and $QQQ) already own a huge chunk of $ANT

And the circular nature of this AI goes around and around and around…

[Neil Sethi NEW account @neilsethinew]

BBG: The S&P 500 equal-weight index is on track for its largest outperformance since April 2009.

[Astoria @AstoriaAdvisors]

I’m looking forward to seeing everyone at the FPA of South Carolina Annual Symposium!

Astoria is proud to be a sponsor. Join me on October 29 at 12:30 PM for “Beyond Beta: Active ETF Strategies, Diversification Techniques.”

See you in Greenville!

#FPASouthCarolina #ActiveETFs

[Astoria @AstoriaAdvisors]

@MorganStanley: "60% of all stocks in the Russell 3000 are down more than 20% since earnings revisions breadth peaked and the mid cycle transition began in June. It's been worse for early cycle stocks."

[Astoria @AstoriaAdvisors]

@teddyfuse @JenniFusaro1 What time should I come over? 😜😜

[Astoria @AstoriaAdvisors]

Our Hedge Growth model combines income-oriented ETFs with high-yield and AAA-rated fixed income, seeking growth and income with reduced sensitivity to equity market drawdowns.

Check out our insights to learn more: https://t.co/oLIz9t7sz6

[Astoria @AstoriaAdvisors]

@JeremyDSchwartz @EricBalchunas Almost every Knick playoff game was like tonight’s game. lol.

You guys have an impressive team.

[Astoria @AstoriaAdvisors]

@syouth1 I mean how late is this to be launching a fund like this?

[Astoria @AstoriaAdvisors]

@EconomPic Very cool!

[Astoria @AstoriaAdvisors]

$RSP +39bps today.