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Active management may outperform passive in municipal bonds due to uneven state funding cuts.

Market News
23 Jun 2026
ETF Trends
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Neutral
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Municipal bonds remain solid with all states holding investment-grade ratings, but active management could offer advantages amid federal funding cuts from the One Big Beautiful Bill Act (OBBBA). The act reduces federal support for programs like SNAP, forcing states to adjust budgets differently, with some considering new taxes or spending cuts. This uneven impact creates opportunities for active managers to identify risks and potential gains across states. Investors may benefit from active municipal bond ETFs as states navigate these fiscal challenges in 2027.

More News

Zealthy launches enhanced virtual weight-loss platform with Zepbound access and insurance support.

Zealthy launches enhanced virtual weight-loss platform with Zepbound access and insurance support.

Zealthy has introduced an upgraded virtual weight-loss care platform that integrates telehealth services, insurance coordination, prescription management, and patient support. The platform allows eligible patients to complete an online health assessm...

Others
Bullish
1 hour ago
EARNED signs top 2026 MLB Draft prospect Cody Boshell as brand ambassador

EARNED signs top 2026 MLB Draft prospect Cody Boshell as brand ambassador

EARNED, a baseball culture brand, has signed Cody Boshell, a leading 2026 MLB Draft prospect and University of Tennessee commit, as a brand ambassador. Boshell is recognized for his powerful left-handed batting and strong work ethic, aligning with EA...

Others
Neutral
1 hour ago
JD.com downgraded to Hold with limited upside despite strong growth outlook

JD.com downgraded to Hold with limited upside despite strong growth outlook

Daiwa downgraded JD.com stock to Hold with a $27 price target, citing limited upside after recent 9.67% share decline. Despite this, analysts expect JD.com to report strong earnings and revenue growth, with EPS projected to rise 21.74% and revenue by...

Analyst Insights
Neutral
1 hour ago
ASE Technology sees AI chip demand boost but insider selling and high valuation raise caution.

ASE Technology sees AI chip demand boost but insider selling and high valuation raise caution.

ASE Technology Holding Co Ltd reported strong growth driven by demand for AI chip packaging, with gross margins rising to 20.1% from 16.8% year-over-year. The company expects its advanced packaging revenue to exceed $3.5 billion in 2026, reflecting r...

Market News
Neutral
1 hour ago
Over 20 pharma firms actively develop 25+ drugs for acute kidney injury treatment, signaling strong pipeline growth.

Over 20 pharma firms actively develop 25+ drugs for acute kidney injury treatment, signaling strong pipeline growth.

More than 20 pharmaceutical companies are actively researching and developing over 25 drugs for acute kidney injury (AKI), a condition causing sudden kidney function decline. Key players like AstraZeneca and Akebia Therapeutics are advancing therapie...

Market News
Bullish
1 hour ago
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