Rosenbluth said, “I think you are a little early, I think this is probably a 2024 scenario.” He conceded that the market share is shifting with IVV, VOO, and even the lower cost SPDR Portfolio S&P 500 ETF (SPLG) all making gains on SPY. “I think inflation is going to be more muted,” Rosenbluth said, noting that gold ETFs should have had an ideal environment last year but fell short. Rosenbluth is intrigued by offerings such as the Innovator U.S. Small Cap Power Buffer ETF – January (KJAN) which outperformed the Russell 2000.