Buzzberg Cup Live

ETF IQ 7/13/2026

Watch on YouTube ↗  |  July 13, 2026 at 21:11  |  42:37  |  Bloomberg Markets
Speakers
Eric Balchunas — Senior ETF Analyst, Bloomberg Intelligence
Travis Spence — Head of Global ETF, J.P. Morgan Asset Management
Aaron Brown — Bloomberg Opinion Columnist
Matt Tuttle — CEO & CIO, Tuttle Capital Management

Summary

The episode examines leveraged ETFs on high-volatility AI stocks like SK Hynix, with Aaron Brown warning about decay and systemic risks. Eric Balchunas highlights SPYM as a Trump-account-driven flow opportunity and BUG cybersecurity ETF as a safe AI downstream play. Travis Spence pitches JPMorgan's actively managed core-plus bond ETF JCPV for consistent outperformance, while Cole Smead argues mutual funds can be as tax-efficient as ETFs.

  • Aaron Brown warns leveraged ETFs on high-vol AI names face eventual zero and systemic risk from correlated selloffs.
  • Matthew Tuttle defends SK Hynix leveraged ETFs as safer than options and sees strong investor demand.
  • Eric Balchunas notes SPYM, the default Trump account ETF, could attract $12 billion in first-year flows.
  • Eric Balchunas picks BUG cybersecurity ETF as a green-light, low-risk downstream AI beneficiary.
  • Travis Spence advocates active fixed income, citing JCPV’s consistent 1% annualized alpha over the benchmark.
  • Cole Smead contends mutual funds can replicate ETF tax efficiency via in-kind redemptions.
  • ETF flow data shows risk-on pullback with heavy volume in SOXX and DRAM.
Ideas
Eric Balchunas Senior ETF Analyst, Bloomberg Intelligence 1:58
Trump account default ETF will boom
SPYM is the default ETF chosen for Trump accounts, with Bloomberg Intelligence estimating it could bring in 28 million new investors and $12 billion in new flows in the first year, driving significant growth.
SPYM MED
Eric Balchunas Senior ETF Analyst, Bloomberg Intelligence 20:11
Cybersecurity benefits from AI adoption
Cybersecurity is a downstream AI play, as more AI leads to more cyber incidents and a greater need for protection, benefiting the market-cap-weighted BUG ETF which has no alerts and is up 70% in a couple months.
BUG MED
Travis Spence Head of Global ETF, J.P. Morgan Asset Management 30:52
Active core-plus bonds deliver alpha
Active fixed income can outperform passive bond benchmarks because the US Aggregate Index excludes about 50% of available bonds; JCPV (JPMorgan Core Plus Bond ETF) invests in areas like securitized, municipals, and high yield, delivering consistent 1% annualized alpha over benchmark across one-, three-, and five-year periods, driving strong flows.
JCPV HIGH
Up Next
37:55
We Answer the Number One Question Facing Investors Right Now | WDWL
The Compound News · Jul 13
44:09
Ultimate Sell Signal? Why Tech Billionaires Are Quietly Selling Their AI Stocks | Adam Taggart
The David Lin Report · Jul 13
3:56
Market Close: Stocks Lower, Oil Higher on Iran; Earnings Season Starts • 7/13/26
CNBC · Jul 13
10:30
Stocks in the Red Amid Geopolitical Uncertainty | Closing Bell
Bloomberg Markets · Jul 13
19:51
Hard Lessons: Jean Eric Salata: Find the Comeback in the Setback
Morgan Stanley · Jul 13

This Bloomberg Markets video, published July 13, 2026, features Eric Balchunas, Travis Spence discussing SPYM, BUG, JCPV. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Eric Balchunas, Travis Spence  · Tickers: SPYM, BUG, JCPV