'Things are normalizing': ETF market action is 'encouraging' despite economic worries, investor says (via ETFEdgeCNBC)
, that really kind of helped provide some stability to a lot of the dislocations that we were seeing in the marketplace."
Davi also said he was encouraged by the "orderly" trading in the ETF market, as opposed to several weeks ago, when"I think, overall, things feel a little bit more normal. I know the economic front is going to look pretty bad and it's going to look real ugly in terms of unemployment claims, but price action on the ETF front has been encouraging," Davi said. "There's actually been more inflows into ETFs, too.
Ed Rosenberg, senior vice president and head of ETFs at American Century Investments, agreed that the market is moving toward a state of "calm" as volumes drop and spreads tighten. "It seems that the market just needed some time ... to settle into the reality of what's going on," he said in the same "ETF Edge" interview.
Now, with that reality in focus, investors are "looking for signs here and there to jump back in," Rosenberg said.
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