DUSA News and Press, Davis Select U.S. Equity ETF From 03/02/21

Major stock indexes have set 32 record highs in 2021 so far. The market often looks six months ahead, so it sees a robust first half. Retail sales were up 5.3% MoM in January, after economists expected only 1.2% growth. Consumers are flush with cash, ready to spend when the coast is c...

Despite the stock market's gyrations last week, the 10-year Treasury yield spiked above the 1.6% level on Thursday. The catalyst for the surge in yields was a horrific 7-year Treasury bond auction with a very weak bid-to-cover ratio of 2.04. This essentially means the U.S. budget ...

The recent rise in Treasury yields has spooked the equity markets. This is obvious from the recent performance of the bond markets as compared to the stock markets. Inflation is not the cause of this rise, but rather a combination of the stimulus measures, a rebounding economy, our CO...

In January 2020, the 10-year US Treasury had yield of 1.8%. The S&P 500 was on its way to a 4.6% gain and a new record high by February. Then, Covid-19 hit, and in the flight to safety that followed, the 10-year yield went below one-half of one percent. When you consider that low ...

After adjusting for inflation, both personal income and spending rose in January, by +9.7% and +2.0%. The renewed Congressional stimulus package providing $600 checks to most households had an impact on spending, which rose to levels equivalent to 2019 and only about 2% off-peak. ...

New orders for durable goods posted a ninth consecutive gain in January, rising 3.4 percent following a gain of 1.2 percent in December. Total durable goods orders are up 4.6 percent from a year ago. New orders for nondefense capital goods excluding aircraft, a proxy for business ...

The reflation theme is alive, well, and prospering. Fed Chairman Powell sees a long road to recovery, is not concerned about rising prices, and he plans to keep short-term rates low for a long time. And it's not just stocks that are benefiting. For further details see: R...

There is no alternative to stocks simply because rates are so low, close to zero, and stocks were the only place you could get a return over the past few years. There have been many times in the past ten years where the S&P 500 has yielded nearly 2%, while the 10-year US Treasury ...

More tech-heavy momentum names underperforming the cyclical names sensitive to economic growth. Steepening yield curve indicates much stronger growth this year. Craig: With global cases falling and vaccine rollouts, likely to see a mini boom in summer time. For further detai...

In August 2020, the Congressional Budget Office projected a wide 6.6 percentage point gulf between actual and potential GDP in 2020. The CBO also in August 2020, projected that the output gap would persist for the entire decade. The latest February 2021 CBO projection now shows th...