Hot Reads: ProShares Seeing Record Inflows

ProShares Draws Record Inflows as Investors Bet on Volatility (Financial Times)
The ETF provider’s index trackers are increasingly popular even as their value falls amid tech rout.

Biggest Junk-Bond ETF Draws Most Cash Since 2020 as Debt Rallies (Bloomberg)
Exchange-traded fund investors are piling into bets on junk bonds as the securities start the year with a strong comeback.

Brazil ETFs Drop After Bolsonaro Supporters Storm Brazilian Congress (MarketWatch)
Shares of Brazil ETFs fell Monday morning, after rioters supporting former Brazilian President Jair Bolsonaro stormed the country’s Congress over the weekend. 

Why Investors Should Play Defense and Worry About Growth Opportunities Later (Institutional Investor)|
The potential profits recession should lead investors to look beyond the U.S. market, argues Richard Bernstein Advisors.

Dollar’s Influence on Stock Market Isn’t Trivial (The Capital Spectator)
There’s a fundamental connection between the U.S. economy and the value of the dollar in foreign-currency terms.

Brace for the ‘Pain Trades’ of 2023 (Financial Advisor Magazine)|
What are the most likely “pain trades” that will catch the market flat-footed?

BlockFi Says It Repaid Investor $15 Million to Settle Over Crypto Crash (Reuters)
Executives of bankrupt crypto lender BlockFi have repaid an investor $15 million to settle a threatened lawsuit over the company’s cratering equity value in summer 2022.

Opinion: These 2 Things Worry Me More Than Anything Right Now, And Neither of Them Is the Jobs Report (The Street)
The Fed believes it will keep interest rates elevated through the end of 2023. The bond market isn’t buying it.