Summary
PPI Chart
Soft PPI data makes these three chip stocks worth buying
July producer prices (PPI) came in flat month-over-month, lower than a 0.2% increase economists had forecast. The reading pulled the probability of a Fed rate hike in September down significantly, driving the benchmark S&P 500 index to a record close near 7,799 while the Nasdaq gained 0.8%.
Spot gold at $4,387/oz after July PPI posts flat 0.0%, core PPI up 0.2%
The gold market is holding steady after the latest data shows U.S. producers saw easing price pressures on balance last month.The headline Producer Price Index (PPI) posted a flat 0.0% in July, following June's unrevised -0.3% drop, the U.S. Labor Department announced on Thursday. The latest headline data was lower than expectations, as economists looked for a 0.2% increase.
PPI Slides in June on Lower Oil Prices, Q2 Results Continue
Year over year wholesale inflation pulls back to +5.5%, 100 bps lower than last month's initial print.
ASTORIA REAL ASSETS ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 11,256 | $239,610 | $240,788.35 | $1,178.35 | 0.49% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 8,541 | $100,563.33 | $183,956.06 | $83,392.73 | 82.93% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 16,144 | $343,673.47 | $351,874.62 | $8,201.15 | 2.39% |
 John P. Quinn Vermillion & White Wealth Management Group LLC | 200,895 | $3.33M | $4.34M | $1.01M | 30.25% |
 Scott Ungar BlackDiamond Wealth Management LLC | 81,145 | $1.11M | $1.74M | $635,203.18 | 57.38% |
ASTORIA REAL ASSETS ETF (PPI) FAQ
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ASTORIA REAL ASSETS ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund operates as an actively managed exchange-traded fund (ETF) with a strategic focus on inflation-adaptable investments. It aims to capitalize on the increase in the rate of rising costs of goods and services by investing mainly in securities spread over multiple asset classes. Its investment strategy targets assets expected to offer benefits amidst inflationary pressures, thereby providing a specialized investment solution for those looking to hedge against inflation in their portfolios. The fund's management team actively selects investments with the potential for growth or stability in an environment characterized by rising inflation, leveraging their expertise to navigate the complex landscape of inflation-impacted assets. Although it is a non-diversified fund, its investment choices span various sectors and asset types, aiming to capture growth from inflationary trends without being confined to a single category of assets.
Products and Services
The fund offers a unique blend of investment in securities across different sectors and asset classes tailored to thrive in inflationary conditions. Their products and services include:
- Equity Securities - Focus on investing in the stocks of companies operating within sectors traditionally benefitting from inflation, such as energy, financials, industrials, and materials. These companies are believed to possess the ability to pass on higher costs to consumers or benefit from increased prices of goods and services, thereby potentially performing well during inflationary periods.
- Investments in Other ETFs - Part of the fund's strategy includes allocating investments to other ETFs. These ETFs may directly or indirectly target commodities or fixed income securities, expanding the fund's reach into assets that are often considered to be good hedges against inflation. Commodities, for instance, can provide a direct benefit from rising prices, while certain fixed income securities might offer inflation-protected returns.
