AXS Astoria Inflation Sensitive ETF

PPI

Market cap $132M

February PPI Hotter-Than-Expected.

Core PPI at +3.9% is the highest in 13 months, and we've now escalated on this metric for three months in a row.

Markets Wait for Fed's FOMC Meeting.

U.S. Stock Futures in Green on Cooler Oil Prices.

Headline risk has dominated the equity and commodity markets lately, but in the ETF space, the impact has been more muted. Astoria Portfolio Advisors CIO John Davi joins CNBC's Kristina Partsinevelos on ‘Halftime Report' to discuss how traders are putting their money to work during the recent volatility.

It's been a topsy-turvy week of stock trading, and today is no exception: pre-market futures have fallen deep into the red this morning, threatening to kick off 2026 with two consecutive down months of trading. At this moment, the Dow is down -600 points, -1.21%, the S&P 500 -66, -0.96%, the Nasdaq -272, -1.09% and the small-cap Russell 2000 -42 points, -1.58%.

In a week of stock market newsworthiness, the hits keep coming this Friday morning. President Trump's new Fed Chair has been announced: former Fed Governor Kevin Warsh.

Pre-markets started today's early session slightly in the red, and have slid a tad deeper upon economic reports out an hour ahead of the opening bell. Currently, the Dow is -150 points, the Nasdaq is -140 and the S&P 500 is -28.

The “debasement trade” has been a persistent investment theme this year as the market translates trade disputes, fiscal deficits, rate policy, and geopolitical tension into a negative outlook for the fiat world, and more specifically, the U.S. dollar.

Market participants hadn't been sure we'd see additional rate cuts into the end of the year, but today's release of the September Fed minutes put that to rest.