FTXL News and Press, First Trust Nasdaq Semiconductor ETF From 01/31/23

Summary When I think about the lessons learned from 2022, I think the biggest lesson is valuations matter. I do think this is the most predicted recession that I've ever seen, certainly, in my career. Investors of all stripes, whether you're an asset allocator or a stock picker, I t...

Summary Last year’s market volatility was driven primarily by uncertainty over inflation and interest rates. In last year’s downturn, technology stocks were at the epicenter of market volatility. After years of steady gains, investors now acknowledge that technology stocks...

Summary Expectations for a full-fledged economic regime change may be overblown, but shifts in liquidity, globalization, climate change, and security could accelerate investment in innovation. Economic growth may slow in 2023, but the relative strength of labor, leverage, and liquidity ...

Summary Tech in 2023 likely to perform better than 2022. Recession fears and the tech sector. Can big tech get control of their costs? Some of the biggest names in tech were among the stocks getting swept up in the market volatility of 2022. Will this year be diffe...

Summary In this post, we provide our key assumptions and outlook for 2023. We are relatively more optimistic than most, as we believe that we are already in the mid-late innings of this downturn. We believe that stabilizing interest rates will provide a base for valuations and expec...

Summary Manufacturing accounts for 8% of US employment, 20% of capital investment, and 35% of annual US productivity growth. Projects supporting growth for semiconductor fabrication, electric vehicle and battery plants, data centers, and warehouse/distribution centers now account for ap...

Summary I expect traditional fossil fuel energy companies to continue to excel, rising to up to 30% of the S&P 500 in the upcoming years as technology stocks continue to shrink. After the most aggressive series of rate hikes in decades, inflation is finally moderating. Whether or no...

Summary For 40 years, steadily declining inflation and interest rates buoyed equity returns. That changed abruptly last year. Investors must now adjust expectations to a new macroeconomic and market landscape that will require a fresh mindset to reach long-term goals. By...

Summary Technology suffered badly from compares against 2021 results. Currency can impact expenses as well as revenue, and that translation impact on expenses is not always detailed or quantified in an earnings release. The tech weakness and higher Treasury yields are resulting in s...

Summary Global business conditions worsened in the penultimate month of the year according to the JPMorgan Global Composite PMI, compiled by S&P Global. New order expansions were seen in merely three of the 21 sectors tracked by the global PMI - software & services, pharmaceutic...