Eric Balchunas

September 2026 · 179 items

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Voice · person

September 2026 · spoke in 179 items · 8 topics

Sep 1 → Oct 1, 05:30 ET · Last update Oct 16, 09:16 ET

September 2026Live view →

Expectant

Eric Balchunas focused primarily on ETF industry structure, product innovation, flows, competition and consolidation. He highlighted the growth of active-ETF transparency through Blue Horseshoe, argued that universal bond ETFs could challenge traditional core bond benchmarks, and discussed ETF M&A, seeding and fee pressure ¹⁵¹⁶²¹³⁸⁴²⁵⁸. He also offered market views on bitcoin, bonds, crypto regulation, debt and the changing portfolio role of fixed income, generally with a constructive but sometimes qualified tone ²³¹³¹⁸²⁵³¹³⁵.

On the record

last 30 days · 13 positions

MFs -1.5 · 2 Okta, Inc. +2.0 · 1 Trump accounts +2.0 · 1 state muni ETFs +2.0 · 1 Active ETFs +1.0 · 1 Eaton Vance +1.0 · 1 Fidelity Investments -1.0 · 1 The Vanguard Group -1.0 · 1

Latest positions

EBEric BalchunasStrongly bullish on Trump accounts Balchunas sees the automatic Trump accounts as a strong positive, calling stock donations flowing into them the best solution to closing the wealth gap. “just having an account allows stock donations to flow right in there (which imo is best solution to closing wealth gap)” Open the post NEW: Trump accounts to be automatically set up f… · 29 Sept
EBEric BalchunasRisk rising on Pacific Investment Management Company LLC PIMCO's bond funds matter more in terms of exacerbating a deeper bond selloff. “big boy Pimco, Fidelity funds matter more in terms of exacerbating a deeper bond selloff” Open the post Bond MF Canaries in the Rising Rate Coal Mine.. … · 29 Sept
EBEric BalchunasRisk rising on Fidelity Investments Fidelity's bond funds matter more in terms of exacerbating a deeper bond selloff. “big boy Pimco, Fidelity funds matter more in terms of exacerbating a deeper bond selloff” Open the post Bond MF Canaries in the Rising Rate Coal Mine.. … · 29 Sept
EBEric BalchunasRisk rising sharply on bond mutual funds Bond mutual funds are the canary in the coal mine for how bad things could get, with a potential doom loop of outflows and forced selling. “This potential 'doom loop' is why bond mutual funds are the canary in the 'how bad could things get' coal mine” Open the post Active bond mutual funds saw outflows for first … · 28 Sept
EBEric BalchunasStrongly bearish on Active bond mutual funds Active bond mutual funds are seeing outflows and will be forced sellers of bonds, hurting their NAVs and sparking more outflows. “these MFs will be forced sellers of bonds if outflows pick up which will hurt their NAVs, which will spark more outflows” Open the post Active bond mutual funds saw outflows for first … · 28 Sept
EBEric BalchunasRisk rising sharply on MFs MF holders are much more fickle and bail at the first sight of a bad month or two. “MF holders are much more fickle and bail at first sight of a bad month or two” Open the post Active bond mutual funds saw outflows for first … · 28 Sept
EBEric BalchunasBullish on Active ETFs Active ETFs will keep growing as more active mutual funds convert, and the fee hit is manageable because inflows can make it up. “it's not that bad, you can make it up on inflows later” Open the post HOLDOUTS: there are still hundreds of active mut… · 24 Sept
EBEric BalchunasBearish on MFs Active mutual funds that stay out of ETFs risk being cannibalized by someone else. “if you do't cannibalize yourself someone else will” Open the post HOLDOUTS: there are still hundreds of active mut… · 24 Sept
EBEric BalchunasStrongly bullish on Okta, Inc. Balchunas flags Okta as a favored name, citing heavy net inflows from big active ETFs, a tripling market cap, SPX inclusion candidacy and a raised BofA price target. “Blue Horseshoe likes... Okta Inc, a cybersecurity stock that AI agents use for security/access” Open the post Blue Horseshoe likes... Okta Inc, a cybersecurit… · 18 Sept
EBEric BalchunasStrongly bullish on state muni ETFs Balchunas expects the new Eaton Vance state muni ETFs to perform well, especially if fees are at institutional share class level or lower. “These should do well imo esp if fee is at Inst class or lower.” Open the post Morgan Stanley with the rare ETF filing, this on… · 15 Sept
EBEric BalchunasBullish on Eaton Vance Balchunas views Eaton Vance's move to launch state muni ETFs favorably, expecting the products to do well. “These should do well imo esp if fee is at Inst class or lower.” Open the post Morgan Stanley with the rare ETF filing, this on… · 15 Sept
EBEric BalchunasStrongly dovish on Federal Reserve System Balchunas thinks the "Rate Hike Camp" is wrong again — he does not expect the Fed to hike rates. “another reason why I think the Rate Hike Camp is going to be wrong (again)” Open the post Increased interest payments (which is already li… · 12 Sept

Their output

179 in September 2026

Mon 31Mon 28 · 13Thu 1

Stories it travels in

The stories

○ a voice, on the left
◌ a voice raising half of these
● a subject, on the right, under its story
⌒ a line is a voice raising a subject — thicker, more items; colour is the story

The stories this entity travels in: on the right, each story with the subjects seen alongside it; on the left, the voices that raised them, and a line for every subject a voice raised, bundled by story. Tap a voice to light everything it raises, a subject for who raised it, a story for its own lines. The crumb goes back.

Who brings it up