Keep pulling the thread on Michael Gayed.
The Free Markets ETF (FMKT) is designed to invest in companies expected to benefit from deregulation during a potential second term of the Trump presidency.
Donald Trump has stated a policy goal of cutting ten existing regulations for every new regulation that is introduced.
Michael Gayed asserts that the U.S. has outperformed Europe economically not just due to its technology sector, but also because it has less regulation.
The Free Markets ETF (FMKT) focuses its investments in sectors such as industrials, financials, cannabis, nuclear, and aerospace.
Michael Gayed predicts that the technology sector, and specifically Artificial Intelligence, will likely face increased regulation.
The Free Markets ETF (FMKT) traded 400,000 shares on its first day of launch.
At one point, the Free Markets ETF (FMKT) outperformed the S&P 500 by 1,000 basis points.
Tactical Rotation Management uses an AI screening process to identify companies that most frequently mention "deregulation" in their earnings transcripts for the FMKT ETF.
The Trump administration has taken steps to reclassify cannabis, which is viewed as a deregulatory action.
The Free Markets ETF (FMKT) holds a position in Robinhood, which is considered a leader in financial deregulation and a significant player in cryptocurrency.
The mandate for the Free Markets ETF (FMKT) requires that at least 80% of its assets are invested in companies expected to benefit from regulatory shifts.
The prospectus for the Free Markets ETF (FMKT) allows for up to 5% of the portfolio to be allocated to Bitcoin and Ethereum.