EFIV News and Press, SPDR S&P 500 ESG From 11/06/22

Summary I believe following news or economic reports to glean market direction will fail quite often. SPX support is in the 3580/90 region, which, if held, can sustain a rally to 4100+. I think it is prudent to raise cash on rallies into 2023 until the market provides us with ...

Summary November began with another 75 bps rate hike from the Fed that kicked off the largest post-FOMC market selloff in history in the final hours on Wednesday. Multiple mega-cap FANG stocks hit new 2022 lows this week and some like META hit the lowest levels this week since Sep...

Summary The stock market appears to be hedging only for the CPI day of risk. That may be a problem because the CPI estimates appear to be too low. That means stocks may be vulnerable to a big drop on a hot CPI report this week. With the consumer price index on deck, ...

Summary In the year that has passed since COP26 in Glasgow, there has been a seismic shift in the global geopolitical agenda for climate and sustainability. Countries will report on their progress towards meeting the goals set out in their NDCs. While COP27 has received far le...

Summary Rising interest rates have dominated this year’s macroeconomic and market agenda. Rising rates push up the discount rate used to value stocks, which tends to push valuations down. There are some indications that market valuations are unlikely to fall much furthe...

Summary The 2020 to 2021 period will likely go down in history as an extraordinary time in which financial markets remained resilient in the face of lockdowns, quarantines and economic shutdowns. However, as is often the case, the law of gravity eventually prevailed, removing much...

Summary Economists like to talk about forecasting recessions. To be blunt, I think this is an absolute waste of time. While nearly everyone seems to be aware that the yield curve is inverted, it seems that few people understand the significance of this event. Acting on this si...

Summary This morning's employment report for October showed a 261K increase in total nonfarm payrolls, which was above the Investing.com forecast of 200K jobs added. The unemployment rate rose to 3.7%. Notable job gains occurred in health care, professional and technical servi...

Summary The rate of job creation continues to slow, but the US still added 261,000 jobs in October, which was much better than expected. There is evidence of a moderation in the labour market that the more dovish members of the FOMC can point to. The hawks, who think the Fed n...

Summary In another sign of weakness for the job market, the total number of employed persons in the United States fell, month over month, in October. The decline in total employed was driven by a fall in full-time workers. According to the Bureau of Economic Analysis, disposab...