It's a bull market and nobody drinks anymore.
Summary
Host Josh Ritholtz and guest Todd Sohn discuss the record-breaking surge in ETF launches, highlighting new low-cost issuers like Corgi and the rise of thematic funds. They analyze the valuation of professional sports franchises, noting the Lakers' recent sale and comparing team values. The conversation also covers Goldman Sachs' acquisitions of Innovator and Neos, the growth of buffer and option income ETFs, and emerging concepts like prediction market and ecosystem-specific funds.
Topics discussed
2026: The Year of ETF Proliferation
Valuation of Madison Square Garden Sports and the Knicks
Ranking the Most Valuable Sports Franchises
Sports Team Valuations and Minority Stakes
Sports ETFs and Guest Introduction
Todd Sohn's ETF Research and Industry Trends
New Issuers and the 'Hits Pay for Flops' Strategy
Fee Compression and Leveraged ETF Competition
Brand Loyalty and Top ETF Issuers
Due Diligence and Asset Size Thresholds
Direct Indexing vs. ETFs and Prediction Markets
Goldman Sachs' Acquisition of Buffer ETF Shops
AI Thematic ETFs and Market Fatigue
Leveraged ETF Risks and Money Market Flows
Sector Analysis: Energy, Healthcare, and Consumer
Small Caps and the Crypto ETF Landscape
Commodity ETFs and Storage Challenges
Compute as an Asset Class and Conclusion
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