GS: VIX call skew hit all all time high of 1.5x (the 3 month 5/50 delta call). Volatility is low, but tails are priced extremely rich. This makes call spreads attractive 👀 https://t.co/DC7iMeDpSH
ETF investors go from comfortably bullish to extremely bullish as the gap between 6M rolling equity ETF flows vs SPX return is about as wide as it's ever been. Also volume in 2x/3x long ETFs is up to 2021 levels. And 90% of the flows going into US-focused ETFs via @psarofagis https://t.co/HdiRzcEn80
ETFs saw more than $1 trillion of inflows this year, which is the first time in history this has happened. (h/t @philrosenn) https://t.co/ggPbgIHT6g

Global assets in exchange-traded funds (ETFs) surged to a record $15 trillion in 2024, marking a 32% increase from the previous year. This growth is attributed to significant market performance, with 60% of the increase driven by market gains and 40% from investor inflows. In 2024 alone, investors contributed $1.7 trillion to ETFs, representing the first time the industry has seen over $1 trillion in inflows in a single year. The 50-day average of daily inflows into equity ETFs reached a record $4.7 billion on December 3. Notably, sectors such as Small Cap and Broad Debt are experiencing the largest inflows, while Theme and Health Care sectors are seeing outflows. The bullish sentiment is further highlighted by a notable increase in trading activity in leveraged ETFs, reflecting a shift in investor confidence towards US-focused ETFs.






