BBSC News and Press, JPMorgan BetaBuilders U.S. Small Cap Equity ETF From 12/13/22

Summary The S&P 500 (SPX) lost 3.3% of its value in the trading week ending on 9 December 2022, closing the week at 3,934.38. The S&P 500 is 18.0% below its record high peak of 4,796.56 recorded on the first trading day of 2022. The Atlanta Fed's GDPNow tool's projectio...

Summary Recession is foretold, in our view, as central banks crush demand to bring down inflation. We think markets are wrong to expect them to later come to the rescue. U.S. stocks fell and the Treasury yield curve inverted its most since the early 1980s. We see recent moves as reflect...

Summary Avoiding envy, and its associated pitfalls, is one of the simple secrets to a successful investment portfolio. Value once again outperformed Growth in the last week. After closing below the 200-day moving average for two weeks running, the US Dollar seems firmly entrenched i...

Summary Demand destruction is weighing on prices globally as financial conditions tighten. The good news is that headline CPI is set to follow crude lower in 2023. This Wednesday, any dovish nods out of the FOMC could spark a year-end relief rally in risk markets. Demand d...

Summary Rumors were out on the Street that someone was liquidating positions and it caused a wave of selling that overwhelmed the options market. Privately traded REITs and private equity funds in general are in for a heap of trouble. Bear markets with recession fall an average of 3...

Summary Overall, I think the markets had gotten to peak hawkishness and people were under-positioned because they were expecting a more and more hawkish Fed. This may be the tightest labor market, quite frankly, we’ve seen in five decades. This is the first proper recessionar...

Summary Are we seeing the beginning of a reversal in the decline in stocks, and rise in yields, which have haunted investors this year? If the rebound in equities continues into Q1, it’s possible that leading indicators will flip, offering more convincing support for the idea of ...

Summary The Fed’s mandate is stable prices and maximum employment. For now, employment, wages and inflation momentum are still too strong to warrant a Fed pivot. If Powell and the Fed fail to tame inflation, then their heads are on the chopping block. They know this and they will...

Summary Market is providing us the pullback I was expecting. The news will continue to misdirect investors. As long as support is held on this pullback, I am looking for signs of the next rally to 4300SPX. Some people never learn. And, when it comes to the market, I would ...

Summary Core inflation is well known to suffer from serious lag effects. The largest of these is associated with Owners' Equivalent Rent, which is 40% of the index. Average rents are a lagging indicator, since leases typically last a year or more. As a result, core inflation reported to...