BFIT News and Press, Global X Health & Wellness Thematic ETF From 09/27/22

Summary Powell’s speech last Wednesday raised recession fears. The Atlanta Fed revised its third-quarter GDP estimate down to a +0.3% annual pace, down from its previous estimate of a +0.5% annual pace. U.S. interest rates also shot up in response to the Fed Chair’s ...

Summary A global recession is likely, with at least slower economic growth virtually certain. The tightening is not a mistake, but in most cases it’s coming too late, which means more economic damage than it had begun earlier. Businesses selling to China can expect lowe...

Summary Recognizing that high inflation will not quietly go away, the world's major central banks are toughening their policies. Gradualism has given way to super-sized interest rate increases and a clearer resolve to restrain actual and expected inflation, despite adverse economi...

Summary Globalization has meant that consumers can get goods more cheaply from countries with low labor costs or high technology usage. Today, many companies are willing to pay a little more for a shorter, safer supply chain. The Federal Reserve and other central banks around ...

Summary The U.S. CPI report is still the most important economic report of the month. The violent sell-off in response to what was a small upside surprise to U.S. core inflation in August is all you need to know. Markets would like to see a sustained roll-over in inflation and an ...

Summary Today, every major part of the world economy is seemingly prone to a serious economic crisis. The European economy is perhaps the most immediate cause for concern. All of these world economic problems have to raise serious questions about the wisdom of the Federal Rese...

Summary Global inflation was generally moderating when the pandemic began, and the downward trend continued into the early months of the crisis. Food and energy are the main drivers of this inflation, as our Chart of the Week shows. Inflation continued to climb through July, a...

Summary Global economic output contracted in August for the first time since June 2020, according to the latest PMI survey data. For the first time since early 2020, all four largest developed economies reported falling output. Reduced input cost inflation and worsening demand...

Summary Jackson Hole reset expectations to focus more on inflation. The U.S. dollar should stabilize over the medium-term amid hawkishness from other central banks and slowing economic data. At stake is Europe’s ability to refill their storage tanks ahead of winter. ...

Summary Two shocks pushed the economy off course in the second quarter - Russia's invasion of Ukraine on 24 February and COVID-19 lockdowns in mainland China. Although real GDP decreased slightly in the first two quarters of 2022, do not call it a recession! With global demand...