BKMC News and Press, BNY Mellon US Mid Cap Core Equity From 02/02/23

Summary January’s US index returns represented a complete inversion of 2022’s performance. International markets also started out the year with a strong rally - outperforming the S&P 500. The yield curve became more inverted in January, signaling potentially reduce...

Summary The leading indicators related to the labor market are deteriorating, signaling an imminent recession. Wage growth remains the key inflationary data point to follow. The stock market is not priced for the likely recession. An imminent recession The record inver...

Summary The market does not believe the Fed. I think the market is pricing-in the pivot, well in advance. The price of copper is suggesting stickier inflation in the months ahead, contrary to market expectations. Demand for cardboard and paperboard is suggesting that growth is d...

Summary As economies both in the United States and globally weaken with tighter monetary policies, corporate earnings are coming under greater pressure. Without exception, in the 24 months prior to a recession, large caps outperformed small caps. Higher-quality investments did not m...

Summary The Fed raised rates by 0.25% annually at its meeting this week and indicated that further rate increases will be appropriate. But when the first question in the press conference (to paraphrase) was whether Powell was concerned whether the huge rally this year would fuel more in...

Summary The statement of the Federal Open Market Committee concerning the recent 25 basis point rise in the Fed's policy rate of interest was received fairly well in the financial markets. Still the main policy thrust by the Fed is the reduction of its securities portfolio through the p...

Summary The latest release of the Employment Cost Index shows decelerating wage pressures, particularly in sectors that were expected to cause ongoing problems. It is now obvious that there will be no wage-price spiral, which switches investor attention from inflation to the strength of...

Summary After a challenging 2022, financial markets are starting 2023 with a strong rally. The U.S. stock market is testing important price levels that many investors are watching closely. While anything is possible in the near term, the sustainability of market moves is what should...

Summary Too many people still think that the Federal Reserve needs to continue aggressively raising rates. There's no need for aggressive hikes. Surprising the market with larger hikes would be extremely foolish and reduce the Federal Reserve's credibility. The market started ...

Summary The Fed's been tough on interest rates for some time now, and the S&P 500 and most markets haven't reacted well to the hawkish monetary stance. While the S&P 500 and most markets haven't responded well to the hawkish policy, we've seen inflation come down substantially, ...