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Finding the Signal Through the Noise: What Energy ETF Flows Can Tell Us About Oil Prices
FYI: There is no denying that ETFs have altered the landscape of the financial market. They represented 35% of US equity trading volume in 2015,1 while one-year trading totaled more than $18 trillion.2 With so much trading activity, particularly in the largest and most actively traded ETFs, there is a lot of “noise” on a day-to-day basis. However, stepping back and examining longer-term trading and flow activity can reveal important trends. Regards, Ted http://blog.spdrs.com/post/finding-the-signal-through-the-noise-what-energy-etf-flows-can-tell-us-about-oil-prices
