FTDS News and Press, FIRST TRUST EXCH From 12/13/22

Summary December FOMC meeting point to policymakers already starting to take a less aggressive stance to policy tightening compared to the prior four 75 basis point hikes. In line with PMI data, the latest official data signalled a slowdown in the pace of Consumer Price Inflation during...

Summary The NFIB released its November read on small business sentiment this morning, with the report showing a modest uptick in optimism. Across the individual categories of the survey, breadth was mixed, with six of the ten inputs to the optimism index moving higher month over month. ...

Summary November CPI further confirmed a peak in the CPI time series. The stock market initially celebrated the good news but got stymied by the reality of minimal changes in the outlook for monetary policy. Future CPI reports providing ongoing reassurance of a downtrend should crea...

Summary Top-line inflation fell, sending the major indices higher. S&P 500's rally hides weaknesses in sub-sectors, namely in food and automotive. Stay invested in companies with strong branding power. After falling and then settling below the 4,000 level, the S&P ...

Summary The headline number for November came in at 91.9, up 0.6 from the previous month. NFIB has generally been in decline since June 2021. A decline in Small Business Sentiment was a long leading indicator for the previous two recessions. By Jill Mislinski The l...

Summary The inversion of 80% of the 10 economically important yield curves suggests a recession is likely. While many hope the Federal Reserve will “pivot,” such may not be as immediately “bullish” as many expect. As yields plummet, bond prices rise as in...

Summary PPI is cooling off, due largely to the fact that the big PPI surges from a year ago are being “cut off” in the annual calculation. Core PPI, excluding food, energy and trade margins, rose just 0.3% in November and 4.9% in the past 12 months. ISM announced that its ...

Summary While the downturn in global private sector business activity entered its fourth month in November, employment continued to rise. Those companies that are still hiring are also remarking on the challenges in finding staff, with the PMI Comment Trackers showing reports of labour ...

Preliminary July results from University of Michigan Surveys of Consumers show overall consumer sentiment ticked up in early July but remains near record lows. The one-year inflation expectations fell to 5.2 percent in early July. The plunge in consumer attitudes reflects a conflu...

Many important commodities are in major declines off highs hit earlier in 2022. A still-strong U.S. jobs market and decent wage growth point to massive CPI readings to come. A better-than-expected Advance Retail Sales report might concern the Fed ahead of the FOMC's July 27 meetin...