FTDS News and Press, FIRST TRUST EXCH From 05/06/24

2024-05-06 21:30:00 ET Summary I am sure we will have more corrections in 2024, but as far as the April edition is concerned, it appears to be over, with the Fed Chairman sounding dovish in his FOMC press conference last week. The Treasury market cooperated, with the 10-year yield...

2024-05-06 19:30:00 ET Summary It’s interesting to note that just today with the good market action, the Nasdaq closed back above, the late November ’21 all-time-high of 16,212, closing at 16,349. What’s interesting to me is that the 24-year “annual...

2024-05-03 20:10:00 ET Summary With tech earnings out of the way, S&P 500 earnings continue to be healthy, robust in fact, although that’s been the case for a while. The forward 4-quarter estimate was revised higher again (sequentially) to $253.25 from last week's $252....

2024-05-03 19:20:00 ET Summary The S&P 500 ETF (SPY) gapped up 1% at the open this morning, so we wanted to provide a quick summary of how the ETF has typically traded on days when it gaps up 1%+. 1%+ gaps higher on a Friday have been the second most frequent of any weekday wi...

2024-05-03 07:40:00 ET Summary Following last year's strong close, first quarter returns for the capital markets were driven by hope and a measure of fear. The bond market did not fare as well, beginning first with the Fed urging caution about the timing and magnitude of rate cuts...

2024-05-02 09:25:00 ET Summary Both interest rates and Treasury yields ratcheted upward with pernicious inflation, prompting renewed discussion about equity risk premiums in a new environment with abundant opportunity for yield. Given the structural headwinds supporting declining ...

2024-05-02 08:10:00 ET Summary To understand if this is just a short-term dip or something more meaningful, we must look at the technical and fundamental backdrop that is moving sentiment. Semiconductors and their earnings announcements have been key with the wave of investment in...

2024-04-30 09:00:00 ET Summary The aim of the devaluation was to escape deflation which had persisted since (at least) the turn of the century. The Yen started to weaken in 2021 as the BOJ ramped up Yen printing again to help the economy recover from the COVID shock. Mortgage ...

2024-04-30 05:35:00 ET Summary The year began with six rate cuts expected by Fed funds futures markets and other derivative instruments. The 10-year Treasury yield went all the way up to 4.74% last week on the worse-than-expected inflation reports. If the 10-year Treasury yiel...

2024-04-26 20:00:00 ET Summary The forward 4-quarter estimate this week was $252.55, up from $252.51 last week. Assuming a close in the S&P 500 today around 5,100, the P/E ratio on the forward estimate is 20.2x. Assuming a 5,100 close, the S&P 500 earnings yield will f...