Hot Reads: Dimon Warns Inflation Might Linger

Plus, investors’ neutral positioning could dampen stock market’s rise.

JPMorgan’s Dimon Says Inflation Could Still Bite (Reuters) 
Jamie Dimon warns that one month of good numbers doesn’t necessarily mean inflation has been vanquished.  

Big Short in Stocks Fades After $300B Unwind (Bloomberg) 
Cutting bearish bets means U.S. market may have trouble moving higher. 

EM & Europe Equity ETFs Roar Back to Life (Financial Times) 
Data from BlackRock indicates ETF investors at the global level are pumping money into European equity and even more into emerging market ETFs.  

Retail Investors Ramp Up Switch From Mutual Funds to ETFs (ETF Strategy) 
European white-label ETF platform HANetf has published research indicating more than one-fifth of retail investors switched their investments from mutual funds to ETFs in the past year. 

Eliminate the Debt Ceiling (Jackson Hole Economics) 
The periodic chaos and exceptional measures associated with the U.S. federal debt ceiling are costly, unnecessary and could well end in catastrophe.  

Is It Risk-On Again? (The Capital Spectator) 
It’s often difficult to determine the risk appetite in the markets, but you can get a fairly good idea by comparing the performance of different factors, sectors and asset classes with each other.  

MSCI to Revise Adani Group Weightings in Indexes (Financial Times) 
Revision may mean Indian conglomerate’s weightings in benchmarks are reduced. 

Crypto Fans Pile Into ‘Faddish’ AI Tokens Amid ChatGPT Mania (Bloomberg) 
Digital assets focused on AI have been skyrocketing since ChatGPT became an internet phenomenon. 

What Is an ETF Expense Ratio? (TipRanks) 
The annual expense ratio for an ETF has multiple components, and it’s not the only cost associated with trading the ETF vehicle.