Market Commentary — February 15, 2021

U.S. markets notched a second week of gains and reached record highs helped by better news on the vaccine rollout front and declining case trends. We also saw the last major wave of fourth quarter earnings reports, with 82 companies in the S&P 500 reporting.

Both Refinitiv and FactSet expect overall earnings for the S&P 500 to have grown slightly year-over-year, marking an exceptionally quick earnings recovery compared to past recessions. Four out of five companies in the index have beat earnings estimates to date.

The first Bitcoin ETF in North America was approved in Canada. Purpose Investments received approval to launch the Purpose Bitcoin ETF. Canada has a history of approving new types of ETFs before the U.S.

There are currently at least four active filings for a Bitcoin ETF in Canada yet to be approved, according to data compiled by Bloomberg. Other companies that have filed since the start of the year are Evolve Funds, Horizons ETFs, Accelerate Financial and Arxnovum Investments.

The first approval in Canada has raised hopes for a similar regulatory approval in the U.S. Both Van Eck and Bitwise Asset Management have pending ETF filings.

Once again, make sure you get your nominations in for 2020’s Awards! Nominations close February 28th.

Jane Edmondson
CEO and Co-Founder

Share this Market Commentary


EQM Indexes LLC is a woman-owned firm dedicated to creating and supporting innovative indexes that track growth industries and emerging investment themes. Co-founded by Jane Edmondson, a former Institutional Portfolio Manager with more than 25 years in the investment industry.


The information provided on this page is for illustrative purposes only and is not intended to serve as investment advice. The information provided is as of particular time and subject to change at any time without notice.

It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. EQM Indexes does not sponsor, endorse, sell, promote or manage any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. EQM Indexes Indices makes no assurance that investment products based on the Index will accurately track index performance or provide positive investment returns. EQM Indexes is not an investment advisor, and makes no representation regarding the advisability of investing in any such investment fund or other investment vehicle. A decision to invest in any such investment fund or other investment vehicle should not be made in reliance on any of the statements set forth in this article. Prospective investors are advised to make an investment in any such fund or other vehicle only after carefully considering the risks associated with investing in such funds, as detailed in an offering memorandum or similar document that is prepared by or on behalf of the issuer of the investment fund or other vehicle. Inclusion of a security within an index is not a recommendation by EQM Indexes to buy, sell, or hold such security, nor is it considered to be investment advice.