1 ETF Shows The Economy Is Stronger Than We Think, Bulldog Holmes Tells Benzinga
Portfolio Pulse from Anthony Noto
U.S. Global Investors CEO Frank 'Bulldog' Holmes discussed the strength of the U.S. economy, citing the 15.4% rise in the U.S. Global Jets ETF (JETS) over the last month. JETS includes major airlines like Delta Air Lines, United Continental Holdings, American Airlines Group, and Southwest Airlines. Holmes highlighted the return to pre-COVID ticket prices and falling oil prices as positive indicators for the economy and the airline industry. He also praised NVIDIA Corp's AI and chips for their role in cryptocurrency mining.
June 28, 2023 | 7:11 pm
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The U.S. Global Jets ETF (JETS) has risen 15.4% in the last month, indicating a strong economy and a positive outlook for the airline industry.
The rise in the JETS ETF is a positive sign for the economy and the airline industry, as it includes major airlines. Falling oil prices and return to pre-COVID ticket prices are also positive indicators.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NVIDIA Corp's AI and chips have been praised for their role in cryptocurrency mining.
NVIDIA's AI and chips are being used for cryptocurrency mining, which could increase demand for their products.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50