Published on 23 Oct 2021 on ETF Trends via Yahoo Finance

BUZZ Investing: Plug Power Provides a Jolt Amid Macro Pressures

This article was originally published on ETFTrends.com.

Political grandstanding in Washington pointed to yet another legislative showdown along partisan lines as a key deadline to raise the current debt ceiling approached. The fallout from China’s renewed hardline regulatory stance toward technology and other for-profit businesses, together with the potential default of a large Chinese property developer stoked fears of potential contagion across global markets. Surging COVID-19 delta variant cases resulted in lowered global growth expectations amid supply chain shocks. Finally, U.S. central bankers appeared to rethink the ‘transitory’ nature of their inflation expectations as they indicated a readiness to reversing pandemic stimulus programs as early as November, while guiding to an accelerated timeline for increasing the Fed Funds rate relative to earlier expectations; a decidedly hawkish tone, which caught many market participants off-guard. The confluence of the above events led to heightened investor anxiety, resetting global equities lower.

The BUZZ NextGen AI US Sentiment Leaders Index (the “BUZZ Index” or “Index”) returned -6.46% during the month of September and trailed the S&P 500 Index by 1.60% year to date (14.32% vs. 15.92%, respectively) but led by 11.65% over the last year (41.65% vs. 30.00%, respectively) as of the end of the month. Continue reading for details on recent performance and the latest Index reconstitution.