DWMC News and Press, AdvisorShares Dorsey Wright Micro-Cap ETF From 09/17/22

Summary What has this market so spooked? Simple Answer: Negative headlines shoveled to investors without perspective. Case in point: the August CPI report. A few deep breaths and a little market history from our last major brush with high inflation and interest rates (the 1970...

Summary Gasoline and clothing retailers saw declines which correlates to falling prices while vehicle sales show a surprise positive indicating some easing of supply issues. Together with the rise in vehicle sales, the underlying post-COVID economic demand remains in an uptrend de...

Summary Hotter-than-expected August CPI and quarterly options/derivatives expiration made for a toxic mix. “Core” CPI was reported up 0.6% for the month (7% annualized!), double estimates. Two-year Treasury yields surged 17 bps on CPI Tuesday – and rose 31 bps...

Summary PMI survey data produced around the world by S&P Global have an unrivalled reputation for providing advance insights into changing economic conditions. However, the surveys can also provide valuable, unique guidance on corporate earnings trends, as illustrated by the f...

Summary Much of the recent strength in profit margins has been driven by price realizations. Resilient consumer demand has benefitted from a labor market that continues to run hot, and sufficient levels of personal income. We expect that the upcoming earnings season will featu...

Summary Despite all-time record revenues for August, spending jumped from $439B last August to $523B this August, a YoY increase of almost 20%. Interest Expense is the 6th largest budget expense, nearly $250B below the next expense of Medicare. The recent drop in Individual In...

Summary Inflation eases in France and the UK. U.S. inflation numbers unleash new round of market volatility. Are recession risks rising in the U.S. and Europe? On the latest edition of Market Week in Review, Equity Portfolio Manager Olga Bezrokov and Associate Direct...

Summary Changes in reserve balances are driving changes in market liquidity. Quarter end could drain liquidity further. Lower levels of liquidity could result in lower stock market prices. Liquidity may become a significant market issue over the next two weeks as we ...

Summary The preliminary September results show overall consumer sentiment edged higher in early September, but remains at historically low levels. The one-year inflation expectations fell again in early September, dropping to 4.6 percent. Pessimistic consumer attitudes reflect...

Summary With inflation at the highest level in decades and volatility continuing to surge, equity investors are questioning their next moves. At the beginning of the year, financial conditions were very loose by any means historically, and we've very rapidly moved from loose finan...