Why I'd Buy GRNY Over the SPY

"Sure, he's been mostly bullish over the years despite the odd market upset or correction. And while some may think he's a perma-bull of sorts, I think the man deserves a bit of the spotlight for being right. Sure, you're not going to sound as smart if you're bullish. The bears tend to sound smarter. However, at the end of the day, it's about who's right and the track record of calls."

"Though time will tell if Tom Lee can keep making the right calls (it's been to just be bullish despite the pandemic, tariffs, inflation, and other worries we've been through), I do not find it mystifying as to why his new ETF, Fundstrat Granny Shots US Large Cap ETF ( NYSEARCA:GRNY), have been met with so much success out of the gate."

"I'm a big fan of Tom Lee and think GRNY could lead the way for investors seeking an active approach to navigating a market that could be a bit harsher on those who just choose to stick with the S&P 500 via a low-cost index fund. Of course, the S&P 500 is still a great bet over the long run. There's a reason Warren Buffett is such a fan of it."

Tom Lee has maintained a bullish stance through market panics and macro challenges such as the pandemic, tariffs, and inflation, building a record of accurate calls. His Fundstrat Granny Shots US Large Cap ETF (GRNY) launched to investor interest and early success, with AUM likely to grow as retail investors discover the strategy. GRNY targets active large-cap exposure aiming to generate alpha versus passive S&P 500 indexing, accepting higher fees for potential outperformance. The S&P 500 remains a strong long-term holding, but active management through GRNY could benefit investors seeking extra performance in a tougher market environment.

Read at 24/7 Wall St.