Meyer, she is ETF editor in chief at Asset TV for her take on today's tape and much more.
Thanks for being here.
Of course, anytime.
So let's start oil.
I mean my goodness, we got West Texas and Brent right here up.
Every time I look today, up 78, 9% popping even further throughout.
We've had a lot of days where oil goes up and stocks fall.
What did you see today?
Yeah, well, obviously.
What we have with the US-Iran war, both countries exchanging strikes.
The president saying that we're going to be blockading the Strait of Hormuz, and obviously for anyone that hasn't been paying attention, 25% of global oil trade actually goes through that shipping chokepoint.
And so that's why we're seeing those oil prices absolutely ratchet up today.
And today was the big question between AI trade, how much legs does that trade really have to run versus the jitters that we have in the Middle East?
And what we saw today, obviously a lot of nervousness, a lot of anxiousness over the Middle East, over the tensions there, and then also a lot of anxiousness again over that AI trade.
And that's why we're seeing some of those tech stocks, some of those memory chip stocks really taking a leg lower.
And a reminder we're not out of the woods on the geopolitics because for a while, obviously it was, it was front and center for the month of March, and the kind of the market shrugged off what was going on with Iran, and we're reminded.
Today investors can trade on that basically at a moment's notice.
I want your take on small caps.
What an impressive start here to 2026.
What do you see in terms of rotation for the market?
Yes, so they've had a really a moment, I would say.
We've actually seen a lot of outflows in small caps over the last couple of years, honestly, but just as again a reminder, let's put some numbers to this.
Small caps right now, the Russell 2000 has been up about 17%.
I was just checking before we came out compared to the S&P 500, which is up only.
9% obviously taking a bigger hit today, um, so we've seen a lot more rotation into those small cap stocks, but particularly small cap ETFs because I'm the ETF girl, right?
And so we've definitely seen millions, hundreds of millions of inflows into those small cap ETFs at least over the last three months.
But again, when at least when we're looking at some of those asset flows, they have been fairly flat.
But again we've seen a lot of earnings potential for those small caps.
Valuations were still pretty cheap.
For small caps and that's why it's been really taking in a lot of investor interest.
I want your take on the memory stocks.
You and I are going to take a quick look here.
How about year to date performance Sand desk over 500%, Micron 216, Western Dig 210%, even Seagate 203%.
Not just what you see in the memory names, but the ETF adjacent space for people that really want in on this action.
Yes, so DRM is really going to be your really big one.
That's going to be a Round Hill memory ETF that has pulled in, I believe, 22 billion.
Year to date, I, I was, I was checking some of those figures before and so really the memory chips again has captured a lot of investor interest, but what we saw today and what we saw on Friday, SK Heinch really being introduced to the NASDAQ, of course, um, but again they've been taking a leg lower today as there's been a lot of fears about how much more room there is to run on the AI trade, but I don't think that the memory chip is going anywhere right now.
The AI buildout. is nowhere near close to being done, JD, and so we're going to be seeing a lot of investing all down that value chain.
And so I would, if I had to put my predicting hat on, we're definitely going to be seeing billions, billions more flowing into those memory chip ETFs.
I'm almost out of time.
I've got about 30 seconds left.
Any other big catalysts on your radar you think our viewers would benefit from also paying close attention to?
Well, big week this week.
We've got Kevin Warshch doing a Fed testimony.
You know, you and I always love to, I love to talk a little bit of politics.
Obviously we're going to see a lot of investors trying to pay attention to what's going to be happening to inflation, future path of interest rates.
We've got CPI, we've got PPI coming out, and then again, Kevin Worsch's testimony.
So I think it's going to be a really interesting week for politics and finance, seeing what happens coming out of the White House and how it's going to impact.
And that's our sweet spot.
We love that area.
We got Kevin.
We always love Kevin Wors in front of the House tomorrow, the Senate on Wednesday.
Lots of headlines down in DC.
Kristen Meyers, thank you for being here to kick off the show as always.
