Economist cover: The union’s troubled state

With tightening liquidity, low implied correlations, and potential for a more hawkish Fed outlook, the upside for equities seems limited compared to the downside risks.

The stress and uncertainty of the recent banking crisis has reinforced four ETF truths: investors gravitate to ETFs during times of stress as valuable price discovery tools, ETFs provide additive liquidity beyond what’s available in the primary market, ETF trading doesn’t have an outsized impact on trading of underlying securities, and use cases for ETFs now range from traditional to complex.

Consumer confidence is slipping among lower income groups