Inside the $20T ETF Industry, 'QQQ' Competition Heats Up | ETF IQ 4/13/2026

Watch on YouTube ↗  |  April 13, 2026 at 19:31  |  46:38  |  Bloomberg Markets
Speakers
Nancy Tengler — CEO & CIO, Laffer Tengler Investments
Dave Nadig — Editor, The 7th Sense
John Kartsonas — Managing Editor, CoinDesk
Eric Balchunas — Senior ETF Analyst, Bloomberg Intelligence

Summary

This episode of Bloomberg ETF IQ covers key trends in the ETF industry, including competition for Nasdaq 100 ETFs, the impact of SpaceX inclusion, and the surge in shipping ETFs due to geopolitical events. Guests share investment ideas on tech stocks, quantum computing, and sector rotations, while also cautioning on market volatility and regulatory issues.

  • Eric Balchunas presents ETF flow data showing strong inflows into broad market and semiconductor ETFs.
  • Nancy Tengler explains her dividend growth strategy and reveals positions in Microsoft, IBM, and sector rotations away from energy into housing and software.
  • Dave Nadig analyzes new competition for Invesco's QQQ and expresses concerns about SpaceX inclusion increasing volatility.
  • John Kartsonas discusses the Breakwave Tanker Shipping ETF (BWET), which has surged due to supply-demand dynamics and geopolitical tensions.
  • The Bloomberg Intelligence Traffic Light System highlights the Round Hill Memory ETF as a moderate-risk product.
  • President Trump's comments on Iran and the Strait of Hormuz blockade are covered, impacting oil and shipping markets.
  • The video touches on regulatory challenges for production market ETFs due to an understaffed CFTC.
  • Overall, the episode provides insights into ETF industry dynamics, specific fund performances, and investment themes.
Trade Ideas
Nancy Tengler CEO & CIO, Laffer Tengler Investments 7:20
Added to housing and software sectors.
Added to housing and software sectors after trimming energy, believing these sectors will perform well based on underlying fundamentals.
ITB IGV MED
Nancy Tengler CEO & CIO, Laffer Tengler Investments 7:20
Trimmed energy holdings, bearish on energy.
Trimmed energy holdings by 20% two weeks ago, indicating a bearish view on the energy sector due to unattractiveness or overvaluation.
XLE MED
Nancy Tengler CEO & CIO, Laffer Tengler Investments 7:37
Tech earnings growth strong, favoring tech sector.
Bullish on technology sector because tech earnings are growing 20-25% this year, and she has been adding back to tech names after trimming, indicating strong fundamental growth.
XLK HIGH
Nancy Tengler CEO & CIO, Laffer Tengler Investments 7:52
Microsoft has better growth valuation than Procter & Gamble.
Prefers Microsoft over Procter & Gamble because Microsoft trades at a market multiple with high earnings growth, leading to a better price-earnings-to-growth ratio, making it more attractive.
MSFT HIGH
Nancy Tengler CEO & CIO, Laffer Tengler Investments 8:12
IBM is a leader in quantum computing.
Initiated a position in IBM because it is a leader in quantum computing, providing exposure to this thematic area in their portfolio.
IBM HIGH
Dave Nadig Editor, The 7th Sense 14:01
Caution on QQQ due to SpaceX inclusion volatility.
Cautions on QQQ (Nasdaq 100 ETF) due to SpaceX inclusion, which may lead to algorithmic crowding, increased volatility, and potential losses for investors buying at the top as other stocks are sold to make room.
QQQ MED
John Kartsonas Managing Editor, CoinDesk 24:13
Shipping ETFs are uncorrelated assets with high returns.
Bullish on shipping ETFs like BWET and BDRY as they are uncorrelated assets that can produce high returns, especially in current geopolitical conditions with supply-demand dynamics in tanker shipping.
BWET BDRY HIGH
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This Bloomberg Markets video, published April 13, 2026, features Nancy Tengler, Dave Nadig, John Kartsonas discussing ITB, IGV, XLE, XLK, MSFT, IBM, QQQ, BWET, BDRY. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Nancy Tengler, Dave Nadig, John Kartsonas  · Tickers: ITB, IGV, XLE, XLK, MSFT, IBM, QQQ, BWET, BDRY