CAPD News and Press, Barclays Bank PLC ZC SP ETN REDEEM BARCLAYS BANK PLC IPATH SHILLER CAPE ETN From 05/17/22

The rising rate, rising dollar environment continues with the dollar index hitting a 20-year high last week. That rising dollar is having an impact on the rest of the global economy but so far it has been manageable. There are a lot of companies out there that have come public over th...

Value continues to trounce growth stocks within the style asset class across all market caps, and the longer-term returns tell us that growth might continue to lag for some time. It’s impossible to say how long the style “alpha” will be sustained. Growth stocks ha...

There was a lot of volatility in stocks last week but in the end, the S&P 500 was down a mere 21 basis points. A rising currency is presumably negative for the export sector and positive for domestic purchasing power. On a sector basis, there were several winners last week wit...

The map of the Asset Allocation Committee’s market views is a buzz of activity this quarter. Coming into 2022, we anticipated slower growth compared with the steep recovery levels of 2021 and inflation that was declining but persistent—and problematic due to its origins ...

The Miller Income Strategy returned -10.08% for Q1 2022. As of the middle of April, the market is telling us the economy is still strong, though the rate of growth is now slowing due to overheating and inflation. Red-hot inflation now looks like it is weighing on growth. There...

The stagflation scenario got a little more traction last week with the release of a negative Q1 GDP print on Thursday and hints of more inflation on Friday. April was a really rotten month with everything down but the general commodity indexes. Investing is mostly an exercise in s...

While the two more senior historic indices have not confirmed a bear market, retail sentiment for the next six months is extremely bearish. The American Association of Individual Investors' (AAII) latest weekly survey summary indicates a 59.4% bearish view. There were 989 new lows for...

Barclays (NYSE:BCS) announced that it has halted further sales of 30 iPath ETNs. The move comes as the company plans a restatement of financial details, triggering a regulatory requirement that it stop selling the investment vehicles. The suspension went into effect at the open of trading on ...

Only one major asset was up last week: REITs. There were some negative developments that might explain the selling. With the drop in commodities and fears about the impact of the China slowdown, the immediate effect should be for inflation and growth expectations to moderate. We didn&...

We believe the conflict in Ukraine may turn out to be less critical for equity markets than the upcoming turn we anticipate in the economic growth cycle. In the near term, we expect the S&P 500 Index (S&P 500) to continue to recover from its March trough. We expect the dis...