EFIV News and Press, SPDR S&P 500 ESG From 12/23/22

Summary Much of Wall Street will be taking off this week. It will be a week filled with lots of economic readings. There will be no earnings and no Fed speak. By Ed Moya US Thin trading conditions could persist as much of Wall Street will be taking off th...

Summary The latest new orders number at -2.1% month-over-month was worse than the Investing.com -0.6% estimate. Core Capital Goods New Orders (nondefense capital goods used in the production of goods or services, excluding aircraft) is an important gauge of business spending, often refe...

Summary The period of negative interest rate policy appears to be at its end. The Bank of Japan stunned the world this week when it changed its yield curve control limits. Rates are likely to stay higher than the market originally thought. Interest rates are moving sharply...

Summary The US economy appears resilient and vulnerable at the same time. Bond and stock markets seem to be on board with a bearish outlook for the economy, despite signs of strength in the labor market. If pricing pressure doesn’t fall fast enough in the months ahead to sati...

Summary Sentiment continues to show some of the most bearish readings we’ve seen since the 2022 bear market began. There is a high level of bearish bets right now, and these will likely need to unwind if we are going lower. We believe the biggest risk that investors face goin...

Summary Passive environmental, social, and governance (ESG) investing has become increasingly active. It’s time for a rethink. As more investors look to align sustainability goals with their investments, global ESG assets under management (AUM) have soared from $2.2 trillion in 2...

Summary I scanned my U.S. Equity ETF Database for large-cap funds with average volatility, low fees, and high quality. I found 33 ETFs you can consider to be core holdings. This article summarizes selected fundamental metrics for all ETFs, highlighting the best ones to own based on dive...

Summary ESG factors have been widely used as a set of criteria in a manager’s risk assessment toolkit. Making the wrong call with respect to ESG can sometimes mean excluding certain sectors based on these considerations alone. ESG factors are part of the global risk complex a...

Summary The economy looks to be on track to grow at about a 2% annual rate—nothing spectacular, but not bad considering all the problems that still exist in the world and at home. Inflation in the third quarter slowed dramatically (from 9.1% to 4.4%), and that is consistent with ...

Summary Will central banks push economies in recession in 2023? The battle against inflation and whether central banks are winning. Why there may have to be job market destruction before interest rates can come down. Economic resiliency, especially in the job mar...