ETF's interesting PB, some 10 trillion USD held in them globally in 2024 only 100 billion 20 years ago.
A small but significant portion is "uneducated" passive investment subject to the latest headline, geopolitical crisis or what the taxi driver tipped, very much momentum dollars at sector level.
In these historically small commodity sectors like Uranium, Li and even Crypto we have huge inflows trying to find a home which really has nothing to do with valid historic stock valuations, its investment sector down not individual stock up, facilitated by the ease of investments in ETF's.
Makes for interesting trading, make sure your on the right side of it.
