Current investor demand for US ETFs is unprecedented: US-listed ETFs attracted +$201 billion in inflows in October, their 2nd-largest monthly intake on record. In the past, only December 2025 saw a larger monthly inflow, at +$230 billion. Year-to-date, these funds have posted +$1.70 trillion in inflows, already surpassing the previous full-year record. This puts annual inflows on track for their 3rd consecutive annual increase. By comparison, US-listed ETFs attracted +$1.45 trillion and +$1.15 trillion in 2025 and 2024, respectively. Investor appetite for US ETFs remains exceptionally strong.

#CubaWatch🇨🇺#: On Hanke's #CurrencyWatchlist#, this week the Cuban peso ranks as the WORLD'S 5TH WORST CURRENCY. The peso has depreciated by 42% against the USD in the past year. THE PESO IS GETTING KILLED BY SOCIALISM AND SANCTIONS.