FTDS News and Press, FIRST TRUST EXCH From 06/23/23

2023-06-23 19:45:00 ET Summary The S&P 500 has pulled back about 2.2% since its high close for the year on June 15th. The market is still trading well above both its 50-day moving average and its 200-day moving average. Normally you’d expect to see the stocks that g...

2023-06-22 23:15:00 ET Summary Consistent with our January Outlook, we see further mild upside for US equities. However, this year’s constructive price action should not be characterized as a new bull market. Financial assets have enjoyed the window of disinflation that com...

2023-06-22 12:58:00 ET Summary How a recession could impact different asset classes. Why a recovery may be more U shaped than V shaped. Equity markets may not be telling the whole investor sentiment story. The S&P 500 entered bull market territory recentl...

2023-06-22 02:30:00 ET Summary Stocks arguably defied expectations in the first half of the year, with the S&P 500 notching double-digit returns. Companies remain focused on recession and interest rates. In the regime now forming - the post-COVID era - stock valuations, in...

2023-06-20 20:35:00 ET Summary Q2 ’23 earnings for the SP 500 starts in about 3 – 4 weeks, and will start with the financial sector kicking things off for Q2 ’23. Financials: Expected EPS and revenue growth, holding up very well despite the SVB issues. Hea...

2023-06-19 03:37:00 ET Summary The S&P 500 finished Thursday, June 15 at its highest level in 14 months, and its fifth consecutive weekly gain. The long-suffering Commodities asset class led the way higher last week, but is down YTD and since the October low. The top 7 sto...

2023-06-14 07:31:00 ET Summary This year’s equity market rally had been driven by a select few names, dubbed the "Magnificent Seven," overshadowing other industries. June brings a ‘breadth’ of fresh air with small caps and mid-size companies finally joining th...

2023-06-11 09:45:00 ET Summary The Fed’s anti-inflation fight has been helped by the fall in oil and energy pricing. We think most of the benefit of the oil price decline is behind us. Furthermore, the strategic outlook is for higher, not lower, oil prices. Though, we c...

2023-06-07 02:10:00 ET Summary The run higher in the Nasdaq has become insane. It’s an “echo bubble” from the bubble that popped in November 2021. All of the classic “blow off top” indicators are flashing again. The VIX is back to where it was in...

2023-06-05 06:30:00 ET Summary Nvidia increased their revenue guidance for the July ’23 quarter. Data center revenue and EPS guidance for the fiscal Q2 for NVDA saw sell-side analysts boost the fiscal ’24 EPS estimate by 69% and the revenue estimate by 41%. High-grad...