DDIV News and Press, First Trust Dorsey Wright Momentum & Dividend ETF From 01/23/23

Summary Introduction. The State of Ambivalence. Clouds on the horizon. For further details see: State Of Ambivalence

Summary We have hit the debt limit; we have a problem. How can we put off the problem and make someone else deal with somewhere down the road? Both political parties, in my opinion, don't really want a solution to the "debt" problem; they just want to send it off once again into the...

Summary The long-awaited downturn in global trade will take place in 2023. Supply chain realignments that have been years in the making will begin to take effect. Government policies launched in 2022 will bear fruit in 2023 and include subsidies for semiconductors and automotive electri...

Summary Reserve provisioning by banks against the likelihood of further deterioration in their consumer and small business loan portfolios. Analysts’ earnings estimates are finally catching up to the market, which decided already in 2022 that conditions were headed south. The...

Summary Looking at the most recent readings of many economic indicators, nowcasting gives a more up-to-date reading of the economy than gross domestic product. The weakest US sector is housing. Building permits have been on a downward trend for much of 2022 and dropped again in December...

Summary Many investors are happy to be moving on from the market volatility of 2022, which left a mere few good places to hide. Hitting the so-called “sweet spot,” US mid caps - generally defined as companies with market capitalization between US$2 and US$10 billion - can ...

Summary Massive outperformance of high short interest stocks versus the S&P is notable in isolation and particularly so over the past five years. Pace of short covering has also been violent. Speed and size of moves might have caused large losses in systematic strategies leading...

Summary Falling wages reduce the odds of a 1970s style outcome. The biggest lesson for me was the sheer uncertainty of the future. We keep threatening to default on ourselves over a self-imposed constraint that doesn’t actually constrain anything. Here are some thin...

Summary Easing supply chain pressures are evident in supplier delivery times, which have been rising at a slower pace recently. Labor shortages did not ease much even as demand weakened. Weak demand conditions are likely to continue limiting companies' ability to sustain high wage g...

Summary The long-term leading indicators of growth and liquidity suggest corporate earnings and profit margins will continue to be pressured throughout 2023. However, as the lags from leading indicators tend to be long and variable, we may not see a material impact in earnings growth un...