How the Election Splits Big Tech

In this episode of ETF Zoo, ETF.com hosts Dave Nadig and Sumit Roy are joined by Aniket Ullal of CFRA Research and Jeffrey Ptak of Morningstar to break down the market reaction to the midterm election. The S&P 500 rose nearly 2%, but the real story was under the surface. Hyperscalers like Amazon, Microsoft, and Google rallied, while chipmakers such as NVIDIA and Broadcom slid and neocloud CoreWeave dropped 16% in the immediate wake of the election. All but one of more than 50 data center referendums went the restrictive way, and the Zoo crew explores how a slower AI buildout could reshape winners and losers. They also discuss why AI-related debt flowing into corporate bond ETFs may actually benefit fixed income investors. From there, the conversation turns to bonds and the ever-expanding ETF universe. Jeff Ptak explains why investors finally appear to be getting paid for duration risk, and shares research showing that active managers beat their benchmarks less often than index trackers. The group weighs in on new credit default swap ETFs, the staying power of leveraged single-stock funds, and whether uncapped sector ETFs are just single-stock bets in disguise. They close with a skeptical look at 56 newly filed long-call option ETFs. Follow along with the conversation at https://www.etf.com/sections/podcasts/etf-zoo-how-election-splits-big-tech