WEBVTT - Ticker Madness 0:00:06.280 --> 0:00:09.560 Welcome new trillions. I'm Joel Webber and I'm Eric Belchertis. 0:00:11.320 --> 0:00:14.360 We're in the middle of March Madness. Eric, It's just 0:00:14.400 --> 0:00:17.000 like my favorite time of year, just because it's like 0:00:17.120 --> 0:00:21.360 chaos and I love watching basketball college basketball sports bliss. 0:00:21.520 --> 0:00:24.240 Not only is it great because every game is sudden death, right, 0:00:24.360 --> 0:00:26.279 everybody cares so much. I love that it's better than 0:00:26.320 --> 0:00:28.800 the regular season. But by the time the tournament's over, 0:00:29.080 --> 0:00:31.320 it's kind of springtime and sunny out. It's the greatest 0:00:31.360 --> 0:00:33.760 tournament for multiple reasons for me, and I'm a big 0:00:33.760 --> 0:00:36.920 basketball fan. Two. So we have a special way to 0:00:36.960 --> 0:00:41.360 celebrate the spirit of March Madness with E t f S. 0:00:41.960 --> 0:00:45.280 We've gone to Bloomberg News reporters who cover E t 0:00:45.440 --> 0:00:48.720 F S. We've asked them each to pick their favorite ticker, 0:00:49.120 --> 0:00:52.000 eight different teams, eight different tickers, and we've seated them 0:00:52.000 --> 0:00:54.520 based on assets under management, and we're going to have 0:00:54.640 --> 0:00:57.880 a gigantic SmackDown on today's show. It's going to be 0:00:58.120 --> 0:01:03.920 epic to determine the very best ticker of all. Before 0:01:03.960 --> 0:01:05.760 you tune out, thinking this has nothing to do with 0:01:05.800 --> 0:01:08.319 invest thing, let me tell you two reasons this actually matters. 0:01:08.319 --> 0:01:11.200 And what what you're gonna hear? First of all, marketing 0:01:11.200 --> 0:01:14.800 and ETFs is huge. Of the flows go to two 0:01:14.920 --> 0:01:17.440 or three companies black Rock, Vanguarden, State Street. That leaves 0:01:17.480 --> 0:01:21.160 a hundred and twenty companies fighting over of your money. 0:01:21.560 --> 0:01:24.520 And tickers is a huge marketing advantage if you have 0:01:24.560 --> 0:01:26.920 a good one, it sticks out every category. Now it's 0:01:26.920 --> 0:01:30.160 fifty t F s. So picking a ticker is big business. 0:01:30.240 --> 0:01:32.040 It matters, and it can really help sell an e 0:01:32.080 --> 0:01:34.520 t F. But it can also be a shiny object 0:01:34.600 --> 0:01:36.319 that leads you to something you know once. So the 0:01:36.360 --> 0:01:38.840 ticker shouldn't be all and I think we're gonna, you know, 0:01:39.080 --> 0:01:41.880 explore a lot of that. So so give us a 0:01:41.959 --> 0:01:44.920 couple of examples of how it can help block. The 0:01:44.920 --> 0:01:47.880 blockchain ETF that came out with the ticker bl okay 0:01:48.040 --> 0:01:50.600 came out the same day as another blockchain ETF with 0:01:50.640 --> 0:01:53.800 a ticker blcn, which is, let's admit it, a little 0:01:53.800 --> 0:01:56.360 more boring. Block is just easy. You can say it, 0:01:56.360 --> 0:01:59.680 it's a it's now. Yeah, that block has one seventy 0:01:59.720 --> 0:02:03.480 million blc N give me another one. Fan versus p 0:02:03.680 --> 0:02:06.000 w n D FAN is the Global wind Energy p 0:02:06.240 --> 0:02:09.240 w n D is also a wind energy. Obviously Fan 0:02:09.360 --> 0:02:12.600 kills and Fan has eighty eight million dollars and more importantly, 0:02:12.600 --> 0:02:14.919 it's alive p w n D liquidated in the graveyard. 0:02:15.040 --> 0:02:17.959 So literally worst case scenario, like the better chicker wins 0:02:18.040 --> 0:02:20.400 the war. But a good ticker doesn't always save the 0:02:20.480 --> 0:02:23.399 day absolutely, Like a ticker is like icing on the cake, 0:02:23.440 --> 0:02:25.680 but it's not the cake. For example, here's some good 0:02:25.680 --> 0:02:28.040 tickers where from the graveyard. These are E t F 0:02:28.160 --> 0:02:31.800 that are liquidated, waste wst E for the waste management 0:02:31.800 --> 0:02:35.080 ETF gone room for the car, et F that's gone, 0:02:35.160 --> 0:02:38.560 bite restaurants, f A A for airlines, and puff for 0:02:38.919 --> 0:02:42.400 sins as basically gambling in cigarette stocks gone. Why why 0:02:42.440 --> 0:02:44.720 didn't those work? A lot of times it comes down 0:02:44.720 --> 0:02:47.760 to timing. But like in the case of Careu Australia 0:02:47.800 --> 0:02:50.080 small cap that was around when Australia has some good runs, 0:02:50.080 --> 0:02:53.359 but it's just too niche. It sliced the it sliced 0:02:53.400 --> 0:02:57.800 the onion too thinly, and no one cares. This episode 0:02:59.240 --> 0:03:05.360 ticker madness. Okay, So joining us today, we have a 0:03:05.400 --> 0:03:08.880 bunch of different Bloomberg News reporters and we also have 0:03:09.520 --> 0:03:12.720 an editor named David Papadopoulos, who's going to be the 0:03:12.840 --> 0:03:18.080 judge deciding who advances. Now, I've already paid him off 0:03:18.280 --> 0:03:20.959 so that I win this whole thing. But maybe you 0:03:21.000 --> 0:03:23.920 guys have paid him off too. But David, welcome to 0:03:23.919 --> 0:03:26.600 the show. Thank you very much. And actually, Joel I, 0:03:26.600 --> 0:03:29.400 I was greatly appreciative, and I was shocked that no 0:03:29.400 --> 0:03:31.560 one else drew me a little cash. It's not too late. 0:03:31.639 --> 0:03:34.840 He's probably still able to take bribes um, which is 0:03:34.880 --> 0:03:37.240 actually really in the spirit of marsh madness with what's 0:03:37.240 --> 0:03:40.160 actually been going on with the n C double A. Okay, 0:03:40.520 --> 0:03:47.200 first matchup Move versus E M. T Y. I'm gonna 0:03:47.200 --> 0:03:49.560 throw it over to that bracket. Can you introduce yourselves 0:03:50.080 --> 0:03:52.680 what you do and why you've picked the tickers that 0:03:52.720 --> 0:03:56.360 you've picked. Okay, I'm Suzanne Whale. I picked Move, which 0:03:56.360 --> 0:03:59.480 is the ticker for Van Eck Factor's Agro Business et F. 0:04:00.200 --> 0:04:03.400 I picked because it's a classic, it's been around since 0:04:03.440 --> 0:04:06.600 two thousand seven. It's the most evocative ticker out there. 0:04:07.040 --> 0:04:08.640 You think, moo, you think, what do you think if 0:04:08.640 --> 0:04:10.400 you think of a farm, you think of agri business. 0:04:10.440 --> 0:04:16.799 That's it. That's the two seed. The seventh seed, Ben 0:04:17.040 --> 0:04:20.160 Steve Hman, Yeah, yourself. My name is Ben Steve Berman. 0:04:20.200 --> 0:04:24.160 I cover personal finance here and my pick is E 0:04:24.279 --> 0:04:28.240 M T Y or empty, which is the pro shares 0:04:28.320 --> 0:04:31.479 decline of the retail story TF. So basically, this is 0:04:32.279 --> 0:04:34.320 what I love about it is it's funny, and also 0:04:34.360 --> 0:04:38.800 it's this delightfully evil bet against main street retail in 0:04:38.839 --> 0:04:41.880 the United States. This is a brand new ETF came 0:04:41.920 --> 0:04:44.800 out in November, doesn't have very many assets so far. 0:04:45.320 --> 0:04:48.440 But what I love is, first all that's funny, and 0:04:48.440 --> 0:04:51.480 second of all that it's very evocative of this post 0:04:51.480 --> 0:04:56.599 apocalyptic landscape that so many malls and shopping centers all 0:04:56.600 --> 0:04:58.880 across this country you're turning into. And it's basically this 0:04:59.080 --> 0:05:01.560 bet that all that gonna go and can continue to 0:05:01.600 --> 0:05:04.920 go and get worse, and Amazon's gonna eat everybody's lunch. 0:05:05.000 --> 0:05:06.479 I want to throw a little shade on this. I 0:05:06.480 --> 0:05:08.840 want to know I use the word evocative, Okay, So 0:05:08.880 --> 0:05:10.880 I think it's sort of you know, I've got a 0:05:10.880 --> 0:05:13.520 new ticker for Ben's argument here, which is like l 0:05:13.600 --> 0:05:16.800 A M A lamb. So I'm just throwing that out there. 0:05:17.160 --> 0:05:20.400 So before I rule here, I gotta ask so Ben, 0:05:21.160 --> 0:05:24.640 as I make that bet against right, and I bet 0:05:24.640 --> 0:05:28.520 sort of the retail pocalypse tangibly, How do I? How 0:05:28.560 --> 0:05:31.039 does this eat? How does it? What is it invest in? 0:05:31.120 --> 0:05:34.200 How does that? So? It is? It uses a swap 0:05:34.680 --> 0:05:39.680 and which means that it's it's basically shorting another index, 0:05:39.720 --> 0:05:42.560 which is the bricks and mortar retail stores index, and 0:05:42.560 --> 0:05:46.360 it's so that that has all the classics, Gap, Dick, 0:05:46.400 --> 0:05:51.880 Sporting Goods, Dollar General, Ross Stores, like all these traditional 0:05:52.000 --> 0:05:55.320 mainline retailers that are struggling. The other thing I love 0:05:55.360 --> 0:05:58.200 about it is that, as Eric and Joe have talked 0:05:58.200 --> 0:06:01.240 about on this show many times, betting on one of 0:06:01.240 --> 0:06:04.320 these inverse ets is actually pretty dangerous strategy. So in 0:06:04.400 --> 0:06:06.880 some ways, the empty that could be happening here is 0:06:06.880 --> 0:06:08.520 not just the emptying of the retail stores. It could 0:06:08.560 --> 0:06:11.000 be the emptying of the investment accounts of the people 0:06:11.000 --> 0:06:13.479 who invest in this thing, because it could be a 0:06:13.480 --> 0:06:17.960 really dangerous play. That's nice, Ben, that just went next level. Well, 0:06:18.200 --> 0:06:20.440 she's saying before I rule here, do you do a 0:06:20.560 --> 0:06:25.920 final any final words? Um, I'm just going with classic 0:06:26.000 --> 0:06:29.280 and I'm going with like food, this is food, this 0:06:29.360 --> 0:06:33.120 is global, this is huge. I'm being a positive, positive 0:06:33.120 --> 0:06:39.080 force in the world supposed to be negativity. We've got, 0:06:39.080 --> 0:06:41.560 We've got, we've got a ruling, and we have we 0:06:41.680 --> 0:06:47.680 have our very first upset after Moon after Moon was 0:06:47.680 --> 0:06:49.560 putting it on him early and it looked like a 0:06:49.600 --> 0:06:52.039 total blowout. It looked like it was early on. It 0:06:52.080 --> 0:06:56.520 was move twenty three. Empty seven Empty just kind of 0:06:56.600 --> 0:06:59.080 kept wearing me down. Ultimately, what told me beyond the 0:06:59.120 --> 0:07:01.080 great Empty name, is that it is just a huge 0:07:01.120 --> 0:07:04.360 part of the of the American story, the investing story, 0:07:04.400 --> 0:07:06.800 in the economy story, what empty is about, and that 0:07:06.800 --> 0:07:10.640 that's opposed to Yeah, I suppose that's correct, that's post. 0:07:12.000 --> 0:07:15.360 This is stunning. I'm shocked. You know. I frequently call 0:07:15.440 --> 0:07:18.320 Moo the Mona Lisa of E T F tickers. It's perfect, 0:07:18.400 --> 0:07:21.280 that usually makes the number one of everybody's list. But man, 0:07:21.320 --> 0:07:23.720 empty is pretty good and made a good case I 0:07:23.720 --> 0:07:26.160 should have paid off Papa Topolos. Okay, now we're gonna 0:07:26.160 --> 0:07:30.440 go to Philadelphia to the Wells Fargo Center where Eric 0:07:31.000 --> 0:07:33.880 is a three seed, and we kind of let him 0:07:34.080 --> 0:07:36.080 have a little bit of an advantage, which he actually 0:07:36.120 --> 0:07:39.920 has two tickers, Yin and Yang, which he's going to 0:07:39.960 --> 0:07:43.000 talk about as a grouping and then with a six 0:07:43.080 --> 0:07:48.120 seed Carolina Wilson with Tan ca. Yeah, Carolina Wilson, I 0:07:48.200 --> 0:07:50.240 cover E t F s for the U S Stocks 0:07:50.280 --> 0:07:53.560 team here, and I'm from Miami, Florida, where everyone and 0:07:53.600 --> 0:07:58.480 their mother quite literally wants to be more tan. And 0:07:58.520 --> 0:08:01.800 I think actually the floor area has the most tanning 0:08:01.800 --> 0:08:04.800 salons and any other state in the country. Yeah, I 0:08:04.800 --> 0:08:07.520 think I was pretty torn undering research on on spray 0:08:07.560 --> 0:08:10.360 tans and fake tans versus what tan actually does. But no, 0:08:10.480 --> 0:08:14.760 so I have the Guggenheim Solar Energy Index e t F. 0:08:15.040 --> 0:08:17.160 And since the whole point of this is to defend 0:08:17.280 --> 0:08:21.000 the importance of a ticker, Tan has already undergone an 0:08:21.000 --> 0:08:25.440 easy peasy stress test scenario for this, and Eric has 0:08:25.480 --> 0:08:28.960 Actually this is from one of your handy dandy Bloomberg. 0:08:31.240 --> 0:08:34.959 So two solar ETFs launched about ten years ago, within 0:08:35.400 --> 0:08:38.800 about a week of each other. So Tan was one. 0:08:38.840 --> 0:08:42.720 What a great taker. And kWt I think it's like 0:08:42.800 --> 0:08:45.000 for kill a lot. But do you want to guess 0:08:45.000 --> 0:08:48.680 where most of the assets on volume one too? And Dan, 0:08:49.080 --> 0:08:51.079 but I'm talking about Tan raking in close to four 0:08:51.160 --> 0:08:54.680 hundred million dollars in assets and kWt didn't even manage 0:08:54.720 --> 0:08:57.360 to get much more than fifteen million dollars. So if 0:08:57.400 --> 0:08:59.240 you don't want to believe me, I mean you could 0:08:59.280 --> 0:09:02.760 follow the money. You've done your research, alright, Eric, what 0:09:02.840 --> 0:09:06.200 do you got? I picked UH to leverage ETFs triple 0:09:06.320 --> 0:09:10.800 leveraged China Yin and Yang the Direction Daily Foot see 0:09:10.880 --> 0:09:13.760 China Bull three x shares and the Bear three x shares. 0:09:14.400 --> 0:09:16.560 And the reason I picked these is because who doesn't 0:09:16.559 --> 0:09:19.760 love the Yin yang symbol. I mean, it's basically thousands 0:09:19.800 --> 0:09:23.600 of years old. It's a from Chinese philosophy, which is 0:09:23.640 --> 0:09:27.200 perfect because here you're betting on either bullish China or 0:09:27.280 --> 0:09:29.760 barish China, right, and it's it's one of the rare 0:09:29.880 --> 0:09:31.640 ts where you don't even need to know the name. 0:09:31.679 --> 0:09:34.080 Really you know what's going on there. I mean you 0:09:34.120 --> 0:09:36.719 probably should because it's leveraged, and that adds a whole 0:09:36.720 --> 0:09:39.560 another wrinkle. But I think it's a good ticker, especially 0:09:39.600 --> 0:09:41.800 because when you have leverage going one way and the other, 0:09:42.240 --> 0:09:44.240 it's real nice to have two things that appear to 0:09:44.280 --> 0:09:47.120 be opposite, and I think this one nails it. And 0:09:47.160 --> 0:09:48.880 you know, when you go back, look, the balance of 0:09:48.880 --> 0:09:51.520 the universe is sort of contained in the Yin yang symbol, 0:09:52.160 --> 0:09:54.280 and to me, that's sort of the leverage et F area. 0:09:54.360 --> 0:09:57.040 You've got, you know, equal number going long, equal number 0:09:57.040 --> 0:09:59.800 going short. But unfortunately they all don't bounce out. They 0:09:59.840 --> 0:10:02.559 do lose money over time. So as we've talked about 0:10:02.559 --> 0:10:05.920 many times their trading tools. But in our traffic light system, 0:10:05.960 --> 0:10:08.120 this is a hard red light. But that doesn't take 0:10:08.160 --> 0:10:10.000 away from the fact that it's just a killer ticker. 0:10:10.120 --> 0:10:12.680 But just a little dig on tan. I think tan 0:10:12.840 --> 0:10:14.560 is what you get. In fact, I think you get 0:10:14.559 --> 0:10:20.120 burnt when you hold tan susception. But but the investors 0:10:20.160 --> 0:10:24.080 of that get a nice juicy yield because since those 0:10:24.080 --> 0:10:27.920 solar stocks are so hated, they are really like that 0:10:28.080 --> 0:10:31.120 they're required for shorts, and so this thing brings in 0:10:31.160 --> 0:10:34.679 some extra cash because of its like aggressive securities crowd. 0:10:34.760 --> 0:10:37.720 The crowd is not even agreement. I am literally surrounded 0:10:37.720 --> 0:10:41.040 by e T F nerds. Yeah, except for the Greek, 0:10:41.040 --> 0:10:44.240 except for the job um. So we have a ruling. 0:10:44.760 --> 0:10:47.400 We have a ruling, and and what is ultimately it 0:10:47.440 --> 0:10:50.160 was also it was a close game here, but ultimately 0:10:50.200 --> 0:10:54.000 sometimes the higher seed wins, and the higher seed despite 0:10:54.080 --> 0:10:56.840 the whole thing being a touch convoluted. Frankly, you know, 0:10:56.880 --> 0:11:00.200 triple leverage, the multiple tickers, the higher seed wins out. 0:11:00.440 --> 0:11:02.760 Carolina did give up a good fight, ultimately a touch 0:11:02.880 --> 0:11:04.800 too much stick on Florida. I only want to hear 0:11:04.840 --> 0:11:07.320 so much about Florida, just as you prepare for for 0:11:07.440 --> 0:11:09.600 next time around. But I did like the I did 0:11:09.760 --> 0:11:11.880 like to fight. And also the fact that he pulled 0:11:11.920 --> 0:11:16.199 out that plunge on you late. That wasn't helpful. I'm 0:11:19.440 --> 0:11:21.600 by the way, why do people are to eat any bits? 0:11:21.559 --> 0:11:31.640 Wouldn't you need them more of? Not enough? It's all 0:11:31.720 --> 0:11:37.720 right Brackett too. We've got Danny Burger in London with 0:11:37.840 --> 0:11:41.840 her ticker this is a one seed s m h. 0:11:42.160 --> 0:11:45.640 And she's going against Lukawa at an eighth seed with 0:11:45.679 --> 0:11:50.360 a ticker boon. Danny, Who are you? What do you do? 0:11:50.720 --> 0:11:55.640 What's your ticker? I am a cross asset reporter. I 0:11:56.679 --> 0:11:59.480 besides reporting on cross asset, I also eat a lot 0:11:59.480 --> 0:12:02.160 of snacks out of the London pantry. I consider that 0:12:02.440 --> 0:12:05.840 my profession you're joining. I am based in London, yes indeed, 0:12:05.840 --> 0:12:08.360 but as you can tell from my accent, I come 0:12:08.559 --> 0:12:12.200 from New York, so I I am hip with the 0:12:12.280 --> 0:12:15.400 US based tickers. For some reason, the tickers aren't as 0:12:15.440 --> 0:12:18.480 exciting in Europe, so I did go with a U 0:12:18.720 --> 0:12:23.679 S one this time around. And why why SMH? Okay, well, 0:12:23.720 --> 0:12:25.320 first of all, I want to take issue with the 0:12:25.320 --> 0:12:28.000 fact that I'm a one seed this. I think I'm 0:12:28.040 --> 0:12:31.720 coming here as the underdog because s m H was 0:12:31.760 --> 0:12:34.320 not intended to be a fun ticker. This is the 0:12:34.400 --> 0:12:38.880 Van Eck vector's semiconductor e t F. And the reason 0:12:39.080 --> 0:12:43.120 SMH is so brilliant is because it's not gimmicky, but 0:12:43.240 --> 0:12:46.640 still it is fresh. It is new. S MH, for 0:12:46.679 --> 0:12:50.520 those who don't know, is internet lingo for shaking my head. 0:12:50.600 --> 0:12:54.079 And there's no way that Van Eck decided when they 0:12:54.160 --> 0:12:56.920 made s MH that they wanted a ticker that was 0:12:56.960 --> 0:12:59.320 shaking my head. Yeah, but you know one point three 0:12:59.320 --> 0:13:01.959 billion and sets. Okay, yeah, But the reason I love 0:13:02.040 --> 0:13:04.760 this so much is that every single time this thing 0:13:04.800 --> 0:13:10.760 sells off, they're outflows. You can say, s MH a 0:13:10.840 --> 0:13:14.640 billion from this fund is awesome. I love how like 0:13:14.840 --> 0:13:18.640 accidentally perfect this is. Well. Vadek is the same company 0:13:18.640 --> 0:13:22.360 that has a ticker crack the reserve for the triple 0:13:22.400 --> 0:13:25.440 leverage junior goal miners, but it's actually the some sort 0:13:25.480 --> 0:13:28.800 of like oil type ETF. I've heard enough from the 0:13:29.160 --> 0:13:31.160 from London. Give me the real h down. I want 0:13:31.160 --> 0:13:32.440 to hear what they have to say. All right, lu 0:13:32.559 --> 0:13:35.439 Kawa Boone. Al Right, I'm Luka I am also a 0:13:35.600 --> 0:13:38.600 Crosshasset reporter and as you will be able to tell 0:13:38.640 --> 0:13:42.040 at some point from my accent, originally from Canada. But 0:13:42.160 --> 0:13:45.520 you know again before starting to extol the virtues of Boone, 0:13:46.000 --> 0:13:48.000 and you know that is the n Y S. Pickens 0:13:48.040 --> 0:13:51.559 oil response e t F A first really again, like 0:13:51.760 --> 0:13:55.200 Danny over there, like to question the wisdom of both 0:13:55.320 --> 0:13:58.280 Danny and whoever put these tickers together. The number one 0:13:58.400 --> 0:14:01.719 rank is going to a product that's an abbreviation for 0:14:01.840 --> 0:14:05.880 a negative form of non verbal communication, coming about from 0:14:06.040 --> 0:14:09.760 what millennial do when they're too lazy to spell things. 0:14:10.400 --> 0:14:12.480 When I look at my portfolio, the last thing I 0:14:12.600 --> 0:14:15.600 want to do is think shaking my head. Last thing 0:14:15.720 --> 0:14:20.160 like this terrible, terrible branding, terrible advertising. Danny makes the 0:14:20.240 --> 0:14:23.280 case against it better than I ever could. But it's 0:14:23.320 --> 0:14:27.000 hard for like this octogenary in this multi multi, multi 0:14:27.200 --> 0:14:32.560 multi millionaira wildcat raider turned oil tycoon could ever be 0:14:32.600 --> 0:14:34.600 considered an underdog or the new kid on the block. 0:14:34.680 --> 0:14:36.880 But that's the case with Boone. This e t F 0:14:37.080 --> 0:14:40.239 is it's brand new, it's got very little in assets. 0:14:40.640 --> 0:14:43.720 But what it is is it's basically it's a reflection 0:14:43.800 --> 0:14:48.440 of the most defining macro trend, probably since the financial crisis, 0:14:48.800 --> 0:14:51.320 and that's the rise of U S Energy. Ta Boon, 0:14:51.440 --> 0:14:54.800 along with his lieutenants who helped formulate this Equal Weight Fund, 0:14:55.040 --> 0:14:57.320 wants you to go in all in on the US 0:14:57.560 --> 0:15:00.600 energy renaissance. We got things like I'll away in there. 0:15:00.680 --> 0:15:04.800 You've got things like cutie Brands, First Solar. But inasmuch 0:15:04.840 --> 0:15:06.560 as this is kind of, you know, an energy and 0:15:06.600 --> 0:15:08.760 an energy link to play, I think the timing is 0:15:08.800 --> 0:15:13.080 also pretty darn good for Boone. Right now, the relative 0:15:13.120 --> 0:15:17.400 performance of energy stocks versus the spires has trailed and 0:15:17.520 --> 0:15:20.200 lagged the oil price by the most on record. So 0:15:20.280 --> 0:15:22.880 you know, at some point we've got to be playing 0:15:22.960 --> 0:15:25.000 catch up, and I think Boone is the way to 0:15:25.080 --> 0:15:27.320 catch up. And you know, some e t F providers 0:15:27.840 --> 0:15:29.800 they want to have their name on the ice of 0:15:29.840 --> 0:15:32.840 the Madison Square Garden. Like Spider T. Boon Pickens, he 0:15:32.960 --> 0:15:35.040 wants his name on the front of the stadium both 0:15:35.160 --> 0:15:37.560 his name and his company's name. So if you've got 0:15:37.640 --> 0:15:40.160 some aspiration, I think you're going. Here's the thing. I 0:15:40.200 --> 0:15:41.880 don't need a rebottle period. I've got I've got to 0:15:41.920 --> 0:15:44.320 I've got a ruling. By the way, eight seed coming 0:15:44.360 --> 0:15:47.680 out thick. Yeah, you gotta lay it all up. I 0:15:47.680 --> 0:15:49.280 don't know what you're gonna have for leader rounds, but 0:15:49.360 --> 0:15:51.400 it's like eight seeds showing up. That's all I got. 0:15:51.880 --> 0:15:54.800 Vermont over here. Yeah, No, the H doesn't have to 0:15:54.840 --> 0:15:57.160 do in this case. Worry about later rounds because H's 0:15:57.160 --> 0:16:01.400 got knocked out. I'm gonna say this so so, Luke, 0:16:01.440 --> 0:16:05.320 here's the thing. I love the energy and the firepower, 0:16:06.040 --> 0:16:08.680 and and I think as you come back to this 0:16:08.760 --> 0:16:10.680 next year, you know you're gonna do well. But all 0:16:10.720 --> 0:16:12.240 the end of the day, what does he in here? 0:16:13.000 --> 0:16:14.760 Is boon is It's just it's just ultimate, it's just 0:16:14.840 --> 0:16:17.840 too scrawny. It's just I can't two and a half million. 0:16:17.920 --> 0:16:20.200 It's I just I just can't. I'm not Feelish's back 0:16:20.280 --> 0:16:26.560 to back La. He's still fighting. He's still and one one. 0:16:26.560 --> 0:16:28.920 I'm gonna fit in London, London. You survived in advance, 0:16:28.960 --> 0:16:30.640 but you gotta bring a little more fire that it 0:16:30.760 --> 0:16:35.800 was sleeping. It was leep, I'm not you know, if 0:16:35.880 --> 0:16:39.800 ultimately Boone didn't do itself in with its scrawniness, that 0:16:39.880 --> 0:16:41.600 you would have gotten knocked out. You gotta bring a little, 0:16:41.600 --> 0:16:44.400 a little something more for the next round we have. 0:16:44.560 --> 0:16:46.680 We have Joel is the what seed? Jel, I'm a 0:16:46.720 --> 0:16:49.080 four seed, you're a four seed, and we have Rachel 0:16:49.160 --> 0:16:52.840 Evans who is a five five. Oh, so this is 0:16:52.880 --> 0:16:54.920 a good one. This is that four five matchup. Anybody 0:16:54.960 --> 0:16:57.720 could win here. Joel is coming at us with the 0:16:57.840 --> 0:17:00.640 ticker would, and Rachel has the ticker she. So we're 0:17:00.640 --> 0:17:03.080 gonna start with the four seed Joel, go ahead, all right. 0:17:03.280 --> 0:17:07.560 Wood is the I Shares Global Timber four Street et F. 0:17:07.920 --> 0:17:11.520 I picked this one because I'm an Oregonian. Yeah. So 0:17:12.240 --> 0:17:16.280 back when the Ducks won their only n C Double 0:17:16.359 --> 0:17:19.560 A title, it was all about the big guys from Oregon, right, 0:17:19.640 --> 0:17:23.119 So I'm picking the big trees. Going with the Wood. 0:17:23.600 --> 0:17:26.320 This is a thematic et F, which is one of 0:17:26.359 --> 0:17:28.640 the things that Eric and I often get to talk 0:17:28.640 --> 0:17:31.000 about it on the show because they're in vogue a 0:17:31.040 --> 0:17:35.760 little bit. Uh. This has been crushing it up over 0:17:35.800 --> 0:17:39.160 the last year. It's got companies that are not only 0:17:39.320 --> 0:17:41.520 US and North American. You got a little bit of 0:17:41.560 --> 0:17:43.760 Canadian in there, You've got some Brazil you also got 0:17:43.840 --> 0:17:47.440 some other global stuff. So I like that it's diversified regionally. 0:17:48.520 --> 0:17:50.920 And then what's been crushing it has been the fact 0:17:50.960 --> 0:17:54.679 that e commerce has been buying up everything paper. Right, 0:17:54.800 --> 0:17:57.440 You've got all these Amazon Prime boxes. You need cardboard 0:17:57.520 --> 0:18:00.480 for that. So I think it's a strong play. I 0:18:00.560 --> 0:18:03.200 will say that I don't like this head to head magic. 0:18:06.760 --> 0:18:11.400 I'm yeah, I'm I'm really scared of this, but I've 0:18:11.480 --> 0:18:14.920 made my case all right. Well, and so Rachel, just 0:18:15.000 --> 0:18:17.760 a little bit who you are and also the ticker 0:18:17.880 --> 0:18:19.680 that you brought and why you did it. So my 0:18:19.760 --> 0:18:21.600 name is Rachel Evans. I'm an E t F reporter 0:18:21.760 --> 0:18:24.200 based here in New York, though we're a very international 0:18:24.280 --> 0:18:27.160 bunch today as I'm from the UK originally. So I've 0:18:27.240 --> 0:18:29.560 come to you guys with SHE, which is the Spider 0:18:29.880 --> 0:18:33.040 s s G a Gender Diversity Index e TF SHE. 0:18:33.600 --> 0:18:35.760 Now what that E t F does is it invests 0:18:35.800 --> 0:18:40.040 in companies that really have a positive attitude towards getting 0:18:40.119 --> 0:18:43.720 women onto boards, getting women into executive positions. And having 0:18:43.760 --> 0:18:48.680 women CEOs, chairs, other executives and directors. The reason I 0:18:49.119 --> 0:18:52.119 chose this ticker is because for me, a ticker should 0:18:52.200 --> 0:18:54.440 stick in the mind, should be simple, it should be 0:18:54.480 --> 0:18:56.600 evocative and tell you what the fund does, but it 0:18:56.640 --> 0:18:59.520 should also be memorable. Now this is where for for me, 0:18:59.720 --> 0:19:03.679 she really stands out, partly because of my English heritage. Right, 0:19:03.920 --> 0:19:06.200 so growing up in the nine nineties and the UK, 0:19:06.600 --> 0:19:09.480 notting Hill was a massive movie, and the end of 0:19:09.520 --> 0:19:12.280 the credits notting Hill you have Elvis Costello doing a 0:19:12.400 --> 0:19:16.200 great version of She by Charles Asnivor. Every time I 0:19:16.280 --> 0:19:18.720 look up this ticker on the terminal, I sing she 0:19:19.040 --> 0:19:21.240 in my head and sometimes occasionally out loud as well. 0:19:21.560 --> 0:19:25.879 So for me, can you sing it now? She face? 0:19:26.000 --> 0:19:31.920 So I can't forget not only are we in the 0:19:31.960 --> 0:19:34.800 middle of the meat you moment, but I picked would 0:19:35.640 --> 0:19:38.680 head to head with she going to bring up another 0:19:38.760 --> 0:19:40.880 thing that's perfect for this tape, but I will say, 0:19:41.000 --> 0:19:42.760 I just want there's some rony here, which you know, 0:19:42.800 --> 0:19:46.280 I looked up your holdings number one holding fer Yes, 0:19:46.680 --> 0:19:49.680 So top of all this, there's a viagraa moment going on. 0:19:49.880 --> 0:19:53.159 So it's just like that's the interesting thing when you 0:19:53.240 --> 0:19:55.679 do look at the holdings like this is often categorized 0:19:55.680 --> 0:19:58.040 as an environmental social Governance fund, and obviously on the 0:19:58.080 --> 0:20:00.159 governance side you can see why that is. But it 0:20:00.240 --> 0:20:02.640 doesn't necessarily tick the boxes that you might see from 0:20:02.640 --> 0:20:05.080 a typical E s G fund. It's not steering clear 0:20:05.160 --> 0:20:07.600 of your kind of multinationals. It's steering into that and 0:20:07.680 --> 0:20:10.720 rewarding those that really kind of actually advocate for women. 0:20:10.960 --> 0:20:12.280 But I would just say on the point of the 0:20:12.600 --> 0:20:15.440 Me too movement, these guys have been incredible with their 0:20:15.480 --> 0:20:17.960 marketing from the word go. This This et F was 0:20:18.040 --> 0:20:20.800 launched on International Women's Stay Back in twenty six they 0:20:20.880 --> 0:20:25.879 set up the Fearless Girl sculpture downtown. Everybody shrinking over here, Rachel. 0:20:25.920 --> 0:20:28.000 How much money is in the ct F. It's just 0:20:28.119 --> 0:20:30.960 over three million, and that's its weakness. But when you 0:20:31.040 --> 0:20:32.879 look at e t F, you really only start to 0:20:32.920 --> 0:20:35.560 see growth and assets from about the three year mark onwards. 0:20:36.560 --> 0:20:38.800 She now has two years under its belt, so I'm 0:20:38.880 --> 0:20:41.320 thinking that come March next year, we're really going to 0:20:41.440 --> 0:20:43.679 start to see people moving money in. But with three 0:20:43.760 --> 0:20:47.640 hundred million, it's hardly all right, all right, there haven't 0:20:47.680 --> 0:20:50.280 been many blowouts so far, but this was this was 0:20:50.359 --> 0:20:55.359 one of them. Rachel just put it out. I'm going 0:20:55.400 --> 0:20:56.680 to say one of the things. I mean now it 0:20:56.760 --> 0:20:59.200 was Rachel, really good man. I mean, you're just for 0:20:59.320 --> 0:21:01.840 you next year. Don't come in with your first thought 0:21:01.880 --> 0:21:03.960 them being like, you know, I picked this one because 0:21:04.160 --> 0:21:08.040 I'm for more a god in. Nobody can't. No one can't. 0:21:08.600 --> 0:21:11.320 It's pronounced Oregon. So that's shame on you. We'll see 0:21:11.359 --> 0:21:14.200 if you come back next year. You can't fire the 0:21:14.320 --> 0:21:18.280 judge I just did. It's actually organized show. By the way, 0:21:18.960 --> 0:21:23.480 this this reminded me of Rocky four when Drago fought 0:21:23.520 --> 0:21:27.080 Apollo Creed. Yeah, that was exactly what happened here. I'm 0:21:27.119 --> 0:21:30.280 not sure if Joel's alive. I'll take the Russian. I'll 0:21:30.320 --> 0:21:34.919 take that all right. Back to Oregon to you quietly 0:21:34.960 --> 0:21:46.280 shrinking away now, Okay, Final four, number one seed s MH, 0:21:47.440 --> 0:21:51.480 number four, seed she, number seven seed e m t 0:21:51.800 --> 0:21:55.199