as great as big tech and ai or the qqqs have done and the spdr etfs have done, rsp has uth performed that in the month of june up 6.5% so that trade is maybe just getting started we saw a little bit of the outperformance at the beginning of the month, probably some rebalancing heading into the quarter, but this is setting up nicely for the next quarter that rsp continues to outperform into an etf and i like mike's idea of rolling this out got cheap call options out to september that i'd be willing to buy and take a cheap shot to continue this outperformance and play a little catchup. i can overlay this on a complete equity portfolio to get some learning on the upside and see if i get more pore ferme dance >>> revising the rsp trade is to play carter's and the other is to go with the dow diamond brian, you're going in that direction? >> yeah, and, you know, speaking of underperform action, the dow is one of those etfs, that's one way to play with options, but the dow has really kind of underperformed and lagged the rest market. there's a lot of large-cap value involved in the dow righ

i own calls in rsp and i also own rsp on this thesis i'm long puts on spy and the qqqs playing the thesis that carter's talking about. it's interesting if you think about some other prices that we can think about the other thing that's interesting is those are quite cheap. if you take a look at implied volatility which is the cost of options. the applied volatility for at the money options in the september/october time frame is about as low as they were on february 1st of 2020 so that was right before essentially all of the volatility that followed the onset essentially in the united states of the pandemic you have two things working for you, the fact that optionality is cheap and you have the technical setup as carter articulated. >> kudos to make rsp and big tech and ai and the qqqs rsp has outperformed that in the month of june up about 6.5%. that trade is getting started. he has rolled this out and i would buy it and a cheap shot. i can overlay this on a complete equity portfolio to get some leverage equity to see if i can get some outperformance from the equal weighted s&p. >> revisi

rsp leadership and all parties must ensure the dead are properly handled and their dignity detected.e information taken available information ta ken including available information taken including forces of the bodies and identifying the location of the great. we call in the rsp leadership to immediately and unequivocally stop the killing of people and and violence and hate speech against people on the basis of their ethnicity. joining me now is un human rights office spokesperson — seif magango — in nairobi. were grateful for your time here. tell me about how you made this discovery. tell me about how you made this discove . ., ~ tell me about how you made this discove . . ~ , ., ., . discovery. thank you for having me. we interviewed _ discovery. thank you for having me. we interviewed a _ discovery. thank you for having me. we interviewed a number— discovery. thank you for having me. we interviewed a number of- we interviewed a number of eyewitnesses who had fled the area and were writing towards chad. they all tell a consistent story of how they witnessed bodies being buried in t

the top three are the voo, basically the s&p 500, the rsp and spy.does that tell us about the market in the second half as so many people are looking in the index that invests in the broader market >> size rules. you have the voo people are worries about that concentration of the magnificent seven or whatever we're calling him carrying too much of the market's load. people are putting money into the big spys and equal weight and looking into the queues. >> when people are interested in mega cap tech and ai, but they want to put their money more actively in the broader market. >> they want to get a little more promiscuous, but they gravitate to the side where ev everybody else is. that's herd mentality. >> fascinating data that you have here. one of the things i saw were fund flows what does that tell you? what does that tell you about individual investors >> it's push and pull. you saw it maybe toward the end of last year and beginning of this year pulling back a little bit. if you look at mutual fund closing, they're kind of meh, which tells you the

>> i would look at ticker rsp, you're putting apple on the same level as some of the industrial stocksial sector itself is another great one. and take a look at stocks for inflation, scpi. >> reporter: how about the renaissance capital ipo up more than 30%, twice the s&p 500. if you believe the markets will continue to rise >> we like the ipo as a risk barometer. ipo is a great way to play it. >> what about the sell-off in commercial real estate will be or has been overdone >> they have a brand-new fund that came out a few months ago a great tell on the sector if you're trying to play a space that's perhaps skepticism abound >> commercial mortgage backed. we're going to have a lot more on etfs in the second half coming up on "etf edge" at 1:00 p.m. eastern time. etfedge.cnbc.com much more on where etfs are going in the second half frank, back to you >> bob, thank you very much. >>> coming up on "halftime" our "chart of the day. a potential strike looms for u.p.s. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that

a simple way to look at it is the s&p 500, the rsp is finally barely outperforming the market capitaly have as good in the year, but it's finally actually working. the headwinds are there. we keep talking about the high valuations that's not preventing the market going oversold. seasonal weakness, yes did not preventing the market from going forward. earnings people kept say you're not going to be able to move before because it will be hard with prices these high to get things. they are 40%. this includes numbers this morning, 80% are beads. he is what impresses me. the average beat is almost 6% pdf to go prior to covid. normally the beats were 3% or 4% . if we go to the old numbers, this was much better than normal on the beats. revenues were a little light because they were having trouble raising prices, but if you look at the new high list, heavens. it looks kind of like the companies i reply to me. there you go come on the new high list. i wanted to mention something directly to that. this is a regional aircraft mobility platform, electrified with the reference price of $20,000. t

influence on the big cap tech names and starting to see it take a look here the equal weight s&p 500, the rspfew days been out performing. that's a good sign that's a sign of broadening in the market what's broadening out, energy stocks have been doing better. there have been laggards materials doing better even the russell 2000 the iwm is the etf for the russell 2000 out performing that's what you talk about when you talk about the markets broadening out yesterday we had a big drop in the big cap tech names either side of positive or negative today as you can see here the important thing is they're a little less influential than a few days ago and that's a very good thing we talk about the nasdaq 100 rebalancing yesterday. it's not going to be that big in terms of the amount of influence on it. this is chris harvey at wells fargo noting microsoft, amazon, nvidia, alphabet have their weightings reduced but not by much that's not la lot. one day average volume sale. i don't expect to see price moves from this. it highlights the importance of these indexes these days there's a lot of money inde

what the second half is going to look like and what kind of catch up trade can people engage in the rspthat's a good way to play the broad market rally, inflation etfs out there, the renaissance capital i.p.o. etf is up 30% double the ip. and a lot of people think commercial real estate is over done and certain sectors of that can be good for people we'll talk to today sohn at 1:00 p.m. eastern time. the question here can we get more interest in broad equities and broad investing. does not look like investors bought into the big trade in the first half of the year. >> interesting ideas for the next six months. thanks, bob. >>> our next guest sees a 75% chance of a soft landing yesterday yardeni joins us you've been on fire lately, talking about rolling expansions instead of rolling recessions. can you talk about how your views have evolved the last month or two >> we've been arguing you are in a recession, just happens to be a rolling recession. it's housing, the good sector. it's going to go into real estate but meanwhile depressed areas of the economy are starting to show a bottom, re

and it's a new contract because it was a part aif competitive rsp, so there is the number one for lock box and number 2 for the supplier payments. n.makes sense, so if i may now go back to number 3 which is the merchant processing services, and that we are going off rfp in july of 2023, it's a reason very similarly in in sense, we're extending until we know the rfp is completed and no drop of service they can we know transition of maybe bank of america again but, that's where we're at? >> correct, it will be an rfp. >> i appreciate it and i think the budget is doing their due diligence as a policy decision that we, understanding the circumstances in the last two or three years with covid and everything and to understand that there could be staffing and many challenges, every city department faces and therefore rfp has delayed in not meeting the time frame of the existing contract. thank you, i just wanted to, i think i say that out loud for myself as well. so that i process it and understand it. i don't see any other name on the roster, let's go to public comment. >> yes, members of th

you go into the rsp versus the s&p 500 to get participation in the names of the sectors that have notith the seven tech stocks. are you seeing that into the flows of the etfs? >> we are seeing it in a different way. we experienced a recession last year we had tech focused products we had a.i. and machine learning nobody cared about that in 2022. it is the hottest trade and where we see all of the flows. last year was a retail goods spending trade now we have seen that shift to travel consumer is back out there consuming entertainment and experiences and travel perhaps that was under loved last year and changed up those are the two main areas we see flow into. it is continuing to grow it is not slowing down we did not see flows in 2022 in the growth areas >> will you have a bitcoin etf are you filing for one it seems everybody and their brother is filing or re-filing applications >> yeah. we have brought things into the market for consumers to look at in the space it hasn't gotten pick up i think it will be interesting to see what happens with the blackrock and grayscale here on the sp

and it's a new contract because it was a part aif competitive rsp, so there is the number one for lock box and number 2 for the supplier payments. n.makes sense, so if i may now go back to number 3 which is the merchant processing services, and that we are going off rfp in july of 2023, it's a reason very similarly in in sense, we're extending until we know the rfp is completed and no drop of service they can we know transition of maybe bank of america again but, that's where we're at? >> correct, it will be an rfp. >> i appreciate it and i think the budget is doing their due diligence as a policy decision that we, understanding the circumstances in the last two or three years with covid and everything and to understand that there could be staffing and many challenges, every city department faces and therefore rfp has delayed in not meeting the time frame of the existing contract. thank you, i just wanted to, i think i say that out loud for myself as well. so that i process it and understand it. i don't see any other name on the roster, let's go to public comment. >> yes, members of th

the cost of living crisis, reasons that crisis, one of the reasons that the says it's struggling the rsphomes for a growing number the charity number of animals, the charity indeed having to pay £26,000 a week for private kennels as their own centres are now full. >> this along with today being their busiest day of the year for receiving reports of cruelty , means that the rspca is under increasing pressure . lisa hartle increasing pressure. lisa hartle has more . has more. >> the rspca is facing a perfect storm which has seen the number of animals in their care rise and the number of animals being rehomed fall . they're boarding, rehomed fall. they're boarding, kennels are full and they're having to pay £26,000 a week to house animals in private kennels i >> -- >> i've worked for the rspca now for 34 years and it's always beenin for 34 years and it's always been in the rehoming side of the charity and i can honestly say that we've never felt or faced more of a challenge than we are at the moment. it's never been harder for us to find homes for the dogs, cats, rabbits, all the animals th