FTXO News and Press, First Trust Nasdaq Bank ETF From 11/08/22

Summary The U.S. inflation report is likely to remain the most economic piece of data for markets, for the foreseeable future. Falling inflation eventually will allow central banks to perform the much-discussed pivot, both in terms of the speed of tightening and eventual terminal ...

Summary Why lending has remained strong for U.S. banks even as a recession looms. Does the Fed have to go 'too far – too fast' to tackle inflation? The signals that are causing banks to become more cautious about loan losses. Aggressive rate hikes by t...

Summary Credit fundamentals for U.S. banks remained robust in the third quarter as higher rates, loan growth and benign asset quality boosted bank profitability despite weak capital markets revenues. Bondholders should be happy with bank earnings, as they demonstrated the resilien...

Summary Yield and risk continue to disagree with the latter taking the cue to rise from the former. I believe this is unsustainable and will resolve itself in one-of-three ways. In scenario 1 of stagflation, EM shorts would lose as would gold and commodity short-positions. Tankers...

Summary Persistent inflation spurred the US Federal Reserve to raise interest rates aggressively in the third quarter, with 0.75% hikes in both July and September. Earnings estimates for equities had continued to climb during the early part of the year and only started to moderate...

Summary Credit Suisse is one of the world's largest banks, which has been in the news a lot lately. We have developed a testing methodology for bank strength. Credit Suisse has major issues of which depositors should be aware, which can also affect weak US banks. Ove...

Summary Climate Week NYC 2022 recently convened climate leaders across government, business, civil society, and science under the theme of “Getting It Done”. The event, now in its 14th year, covered a wide swathe of topics, including energy, nature, transport, enviro...

Summary We expect macro headwinds will continue to pressure U.S. corporate earnings in the coming months. We expect earnings expectations to decline as multinational firms realize foreign exchange headwinds that accelerated over the past year. Investors can avoid undue interna...

Summary While overall income has risen by 40% since the end of 2019, the 12 biggest firms now have the same number of what are known as “front office producers” as they had then. Many of the extra people are software engineers, hired to make banks leaner and customer...

Summary Officials at the world's major central banks, led by the US Fed, grew increasingly united in their resolve to bring inflation under control. The August about-face pulled the Europe ex UK and both US Russell indexes back down to the bottom of the performance ranks for the y...