The 3Q Moat Index review cut software that rallied after March’s AI reassessment and added cheaper Mag 7 exposure via Meta and Alphabet. Index stays underweight mega-cap tech and value-biased.

Rising oil prices and climbing Treasury yields pressured equities as the Fed left further tightening on the table, while Strategy led BUZZ Index gains on a bitcoin rally and commercial space names weighed on returns.

AI and semiconductor volatility gave way to an August recovery as a leveraged hedge fund unwind cleared, and Super Micro and Palantir led BUZZ Index gains.

See how Jan van Eck's Q3 outlook can be translated into actionable ETF ideas across semiconductors, private credit, gold and bitcoin.