20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
The music industry has continued to see growth, despite a tough macro environment. A recent report by Goldman Sachs shows its continued resilience and points to a bright future through the rest of the decade.
Revenue Growth
According to the report, the music industry will bring in a staggering $153 billion by 2030, representing a roughly 7% CAGR.
Streaming's Dominance
Many people have worried about the streaming market becoming saturated. However, this has not come to fruition with streaming continuing to grow with no end in sight. The report expects a CAGR for the subsection of the industry of 12% and an 86% market share of recorded music by 2030.
Resilience
One of the most promising takeaways from the Goldman report is the resilience the analysts see in music. The report states that – "we expect consumer spend on music to remain resilient in a higher inflation/ weaker macro environment. Our analysis shows that music remains one of the most under-monetized forms of entertainment, with spending still 40% below its historical peak, while consumption continues to grow year after year".
A Music-Focused ETF: For those who wish to invest in the music industry at large, a thematic ETF like the MUSQ Global Music Industry ETF (NYSE:MUSQ) provides an opportunity. MUSQ invests in a swath of companies from crucial sectors of the worldwide music industry, focusing on areas with substantial value. The fund offers exposure to the entire music ecosystem, streaming, content and distribution, live music events and ticketing, satellite and broadcast radio, equipment and technology, and artificial intelligence.
The fund has an expense ratio of .78% and $13.6 million in AUM.
MUSQ has holdings in 46 companies. The top five within the fund are:
Amazon.com, Inc (NASDAQ:AMZN), weighted at 7.57%
Apple, Inc (NASDAQ:AAPL), weighted at 7.17%
Alphabet, Inc (NASDAQ:GOOGL) weighted at 6.24%
Sony Group Corporation (NYSE:SONY), weighted at 3.42%
SpotifyTechnology (NYSE:SPOT), weighted at 2.80%.
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20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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