Now it is market domination over time.In fact, all three major averages having their worst day since August 5th August 5th is when we had the July Jobs report.
Is this another blip on the radar or the start of something more concerning joining us now is will Ryan Granite shares founder Ceo will good to see you.So will as we all know, I mean, historically September tough month to be long the market, right?What do you think explains the market action today? I still don't really think that I think that the data that we've seen so far continues to trend towards the fed narrative of inflation is moving in the right direction, giving them room to cut rates.But I don't think that will be the case.
Now, for the year, you guys have some single stock which has kind of been a new trend if you will, you have one for NVIDIA, how do they trade sort of relative to the underlying stock?So in the case of NVD L which is two X, NVIDIA, that's two times the return of NVIDIA over a given day or if it's NBD, which is its sort of sister product if you will, that's minus two X.
This would be an absolute absolutely amazing, 70% margins growth exploding over 100% year on year, $50 billion buy back.
Uh Well, that would cost about 100 and that would cost about 100 and $70 billion per year in lost revenue to the government. So let's say Congress implemented this, let's say the Treasury and the IRS started collecting that money and then 457 years later, it gets to the Supreme Court and the court says, oh, it's unconstitutional.
So that was the real challenge in creating an institutional grade index that affords retail investors, institutional folks alike access uh affordability and ultimately trusted insights into these private companies. And so when a company IPO is, we actually will hold it in the index for 180 days to mimic the kind of lock up period that you'd be subject to if you were an institutional grade holder in that private company.
Um And hermosa, you know, you talked about the methodology of how you guys are getting the secondary market data.Is it because it's through ice and you have this partner?Usually there isn't ice is a big, big part of it.Uh It has enabled us to go to the sources of secondary information in the market whether they be brokers, funds themselves, et cetera and say, look, we don't want to be a competitor.
We realize index funds and indices that are trusted by the market with robust institutional grade and ultimately regulatory compliant pricing are the steps you gotta get through to really introduce product to that cohort.Thank you time now for to watch Wednesday, September 4th, new jolts data for July.Economists forecasting that number to tick down slightly to 8.1 million.
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