FTXO News and Press, First Trust Nasdaq Bank ETF From 03/24/23

2023-03-24 11:35:00 ET Summary Turmoil in the global banking industry, and the consequence of aggressive monetary tightening, have led people to question whether we're on the verge of yet another financial crisis. We don't think we are. Major stresses remain, however. So, what...

2023-03-24 10:20:00 ET Summary The Fed hiked the policy rate by 25 basis points this week, while forecasters were split on the outcome. My feeling is that this is a “dovish hike”. Realistically, the Fed wants to drift into at least a temporary pause while they survey...

2023-03-24 05:00:00 ET Summary The Fed’s decision to raise policy rates suggests confidence that bank turmoil won’t spiral into a systemic crisis. Rather than viewing the bank turbulence as purely downside risk, the Fed is taking the optimistic perspective that tight...

2023-03-24 03:30:00 ET Summary Rising rates are posing challenges to the asset side of banks’ balance sheets. The rapid and aggressive tightening of monetary policy will undoubtedly put some borrowers at risk. Stephen Dover provides answers to crucial questions to help ...

2023-03-24 02:58:00 ET Summary US regional banks may face higher operating costs as regulators reevaluate the existing capital/liquidity risk framework. There has been over US$100 billion of inflows into money market funds since the SVB crisis began, bringing money market balances...

2023-03-23 06:30:00 ET Summary The narrative exists that we are not out of the woods yet on our banking problems. That seemed to be top of mind for investors selling stocks on the heels of Wednesday's 1/4th-point bump in the Fed funds rate. In this skittish environment, do not...

2023-03-23 02:03:00 ET Summary Although CPI inflation remains at or above six percent, the FOMC has slowed down in its monetary tightening over the past two months. With an increase of only 25 basis points, the March meeting is the second month in a row during which the Fed has pu...

2023-03-22 23:44:00 ET Summary UBS, which is Switzerland's largest bank is buying Credit Suisse for what is a 3 billion Swiss francs. Swiss National Bank has stepped in with some extraordinary statements as well, in terms of guaranteeing liquidity to both Credit Suisse and UBS's g...

2023-03-22 23:13:00 ET Summary The Federal Reserve has hiked the fed funds target rate range 25bp to 4.75-5% as largely expected by the markets and economists. The Fed is not expecting recent banking woes to significantly derail the economy. We are a little more pessimistic, h...

2023-03-22 14:00:00 ET Summary At the last FOMC announcement on February 1st, the Fed hiked base rates by 25 bps. After a decade of using their customer deposits for free, most institutions are unprepared for the rapid repricing. The appetite for loan securitization has dried ...