DUSA News and Press, Davis Select U.S. Equity ETF From 04/06/21

In March, the U.S. stock market tolerated the rise in long-term interest rates as long as it was not disorderly or too quick. The 10-year Treasury rate traded all the way up to 1.77% last week, and we may very well surpass that level this week as investors take time to react to strong...

Q1 2021 closed with the Dow leading the major market indexes, up 7.76%, vs. +5.77% for the S&P 500 and a tepid +2.78% for the Nasdaq Composite. Five regional Federal Reserve Banks reported super-strong readings for their five regional economic indexes. ISM manufacturing PMI index ...

Covid-19 trashed profitability in the second quarter last year. April 1 kicks off a new period that, for many U.S. companies, will look stellar by comparison. Activity is already bouncing back, including in some of the areas hit hardest by the pandemic. Revenue of S&P 500 Inde...

Under normal circumstances, the economy is relatively close to its steady-state glide path, and the fixed-income market is quite reasonably jittery with respect to the latest growth rates. The reality is that current conditions are nowhere near normal. At the beginning of the last cyc...

Last Friday's March 2021 payroll report exceeded expectations in nearly every category. Analysts were hoping for something like the ADP's private employment gains (+517k), somewhere in the ballpark of 550,000-600,000. Instead, the BLS thinks the whole economy had added between 803,700...

During the Pandemic, discretionary services such as travel and entertainment have been hard hit, and consumer spending on services in February was still down 5.2% from a year ago. But the services sector is enormous, ranging from healthcare to tech, and demand has been strong in many ...

The BLS reported Friday that the US added nearly 1,000,000 jobs in March, a number well above the supposed consensus of 675,000 jobs. It was what the market has been looking for - the arrival of the end-of-the-virus-boom. However, even a booming jobs report that showed job growth acro...

Archegos provides yet another anecdote that the expansive global derivatives marketplace is at the epicenter of leverage and speculative excess. From numerous reports, it appears Archegos had fund equity of around $10 billion. Positions have been estimated in the range of $50 billion ...

Despite a weaker February, more forward-looking data remains robust and the economic growth outlook is strong. The concern that's developing is, of course, on inflation. We are likely to see a move higher in inflation in the near term. Strategas Chief Economist Don Rissmiller dive...

Consumer Confidence increased to its highest level since the onset of the pandemic in March 2020. The headline number of 109.7 was an increase of 19.3 from the final reading of 90.4 for February. This was above the Investing.com consensus of 96.9. For further details see: ...