CATH News and Press, Global X S&P 500 Catholic Values Custom ETF From 06/07/23

2023-06-07 11:00:00 ET Summary In January 2023, there were only two components of the S&P 500 (SPX) whose market capitalization exceeded one trillion dollars. As of the close of trading on Friday, 2 June 2023, there are now four. The membership of the S&P 500's trillion do...

2023-06-07 06:20:00 ET Summary The yield of the U.S. high yield market, as measured by the ICE BofA U.S. High Yield Index, has been in the 8-9% range for much of the last year, and was close to 9% as of May 31, 2023. A number of sophisticated investors understand that the potentia...

2023-06-06 10:00:00 ET Summary We can visualize the outperformance of the mega-capitalization stocks by looking at the spread between the market capitalization and equal-weighted indices. As noted in last week’s post, the absolute versus relative performance of the S&P ...

2023-06-05 22:32:14 ET Summary The S&P 500's trend is constructive on daily, weekly, and monthly timeframes, indicating market participants are interpreting the fundamentals in a favorable light for future economic outcomes. The primary fundamental drivers in June 2023 include...

2023-06-05 13:55:00 ET Summary The S&P 500 experienced its best week, rising over 1.8% as it entered June 2023, reaching its highest level since August 2023. Two major news events contributed to the positive increase: the Federal Reserve's announcement of hiking rates in June ...

2023-05-31 21:03:00 ET Summary Large-cap U.S. equities have rallied year-to-date by approximately nine percent (as of May 29th) and appear to show resiliency in the face of a potential recession. The outperformance of the ‘Big 8’ group has seen its market cap weight ...

2023-05-30 15:14:00 ET Summary The S&P 500 index rose 0.3% during the fourth trading week of May 2023, despite concerns over inflation and potential rate hikes from the Federal Reserve. Nvidia's earnings report and outlook sparked a speculative surge in information technology ...

2023-05-29 04:12:57 ET Summary Year-to-date, the return spread between the market-cap-weighted S&P 500 and its equal-weight counterpart is 10%. Some market participants view the outperformance of large caps as a sign of market weakness. Historically, market cap-weighting h...

2023-05-26 22:00:00 ET Summary The S&P 500 closed this Friday at 4,205 versus last week’s 4,191 despite all the cries of a 'runaway market'. Fed funds futures ended Friday, May 26th, 2023 now show a 70% chance of a 25-basis-point hike on June 14th, 2023, the date of the...

2023-05-25 23:15:00 ET Summary While the S&P 500 is up 8.5% this year, the majority of that performance is being driven by just a handful of the stocks. Traditionally, the equal weight index has performed a bit better because it has what is essentially a smaller cap tilt and e...