in new york, we have annie massa with bloomberg news. let's start with you. you saw the flows.hat part of the rush into stocks and risky assets over the last few months surprises you? meb: it does not really surprise me. it is a bull market. u.s. stocks are up 20%. the parking lot at bloomberg is an indication where there are only four people working in everyone else is on vacation. it is not just u.s. stocks. all asset stocks are having a romper year. bonds, evenis up, golden and some commodities are starting to pick up. it looks a lot like the exact opposite of the end of last year when everything was going down. the good news about the dislocations and moves in the markets, it sets the stage for the next regime. we have been in when regime for one regime forin the past decade, which is u.s. stocks cream everything else. the flows make sense to me because everything has been going up. scarlet: we talked about everything going up. we keep talking about how we are at the late stage of the economic cycle. i keep hearing about it constantly. i wonder if what we are seeing is the

meb faber along with our annie massa. coming up, we speak with julian klymochko.e is the ceo of accelerate financial technologies. he is trying to democratize hedge funds and pe's through etf's. one etf that caught our attention, the ishares silver trust fund. its assets touched the highest since 2016. silver prices have been following gold's rally in recent weeks fueled by increasing geopolitical tensions and expectations the fed will cut rates. you can catch that and the other charts we feature on bloomberg on gtv . this is "etf iq." ♪ scarlet: i'm scarlet fu. this is "etf iq." it is time for the etf lifecycle. we walk you through the three main stages of the fund. step one is the filing. more annuity type etf's are coming your way. registrations for the best u.s. equity buffer etf's august and the deep buffer etf. annuity-like etf's have over $1 billion in assets under management. step two is the launch. looking to ride the u.s. rate curve. listing in london this week is elixir. ticker stpu. while there are similar projects available on u.s. exchanges, this

bloombergs annie massa. how has the fund been performing? pick a date and say we are up or down. about 6%is is down through august 23 because of the bets against interest rates and bets that interest rates will rise. we are in a very different situation now than we were about a year ago and where expectations were about a year ago. we have seen a rate cut in july and are may be expecting another one. those have not been working out. would also transfer performance? is it mainly these rates bets? annie: for these funds and other bond funds from franklin templeton, bets for rising rates have not done well in this environment because global rates are grinding lower and lower. there are managers who think this trend will have to reverse, but we have not seen that yet despite -- we have not seen that yet despite some growth in the economy. ray dalio tweeted out that everyone makes mistakes and successful people learn from them and unsuccessful people do not. it is not like he does not know there has been a mistake. annie: he can see it. this has

meb faber along with our annie massa. coming up, we speak with julian klymochko.eo of accelerate financial technologies. he is trying to democratize hedge funds through etf's. one etf that caught our attention, the ishares silver trust fund. its assets touched the highest since 2016. silver prices have been following gold's rally in recent weeks, fueled increasing geopolitical tensions and expectations the fed will cut rates. you can catch that and the other charts we feature on bloomberg on gtv . this is "etf iq." ♪ scarlet: i'm scarlet fu. this is "etf iq." it is time for the etf lifecycle. we walk you through the three main stages of the fund. step one is the filing. more annuity type etf's are coming your way. registrations for the best u.s. equity buffer august and the deep buffer etf. they now have over $1 billion in assets under management. step two is the launch. looking to ride the u.s. rate curve. listing is elixir. ticker stpu. while there are similar projects available on u.s. exchanges, this is the first product for europe that allows investors to

that is annie massa joining us there. guy: we are through the auction process in london and europe.a quick look at where we settle. a big uplift during the auction process. today you have a big jump coming through during the option. you can see on the chart if you go to your bloomberg. 1.2%, daxinishing up 2.31%%, and the cac 40 up . an amazing turnaround for european equities. the bond market shows signs of stabilization. we'll carry on the conversation on bloomberg radio. the cable show. jon ferro in new york, i will be joining him in london. top of the hour on dab digital radio. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. guy: and from london, i'm guy johnson. this is "the european close" on bloomberg markets. let's get a news update with courtney donohoe. courtney: the trump administration is rushing to finalize a list of 300 billion dollars in chinese products that will face a new terror. american companies are making a last-ditch appeal. they are looking to scrap the tariffs altogether or to drop items the import from the list. holdstest jobless claims t