FTXO News and Press, First Trust Nasdaq Bank ETF From 04/13/23

2023-04-13 14:14:47 ET Exchange traded funds focused on the banking and financial sectors will be in focus over the next several days as investors receive Q1 earnings figures from some of the most prominent financial institutions on Wall Street. The reports represent the first quarterly upd...

2023-04-12 10:32:51 ET Summary The Federal Reserve releases a weekly report on the balance sheet of all commercial banks in the United States. The report has been very helpful at analyzing trends since the failure of SVB and SBNY. The financial ratios generated out of the repo...

2023-04-12 01:55:00 ET Summary Banks’ stock and bond prices were battered by the crisis that overtook US regional banks Silicon Valley Bank  and Signature Bank and Swiss banking giant Credit Suisse. We believe that the underlying causes of these failures were idiosyncr...

2023-04-12 01:01:00 ET Summary A dollar doesn’t feel 'active', but a dollar is worth a dollar precisely because it’s redeemable on demand every second of every day. The less active you are in the cash market, the more you pay for someone else to actively manage your ...

2023-04-12 00:08:00 ET Summary A negative US 10-year minus 3-month yield spread has signalled every incoming recession of the last 60 years. In the real world, global PC shipments were -29% year over year in the first quarter, and the average work week in March’s payroll re...

2023-04-11 07:55:08 ET Summary One month ago, Silicon Valley Bank failed, with a resulting decline across the diversified banking industry. Some investors may be tempted to buy the dip, while others are considering doubling down on losing positions. However, the industry may r...

2023-04-11 05:30:00 ET Summary As long as banks have existed, banks have failed, just like other companies have failed, even the most splendid ones. Special servicing rates are a precursor for potential defaults for CRE mortgages that have been securitized into CMBS. CRE is un...

2023-04-11 04:38:00 ET Summary The employment report came out on Good Friday when the stock market was closed, but the futures market did trade for another 45 minutes after the report came out. There has been a sharp decline in Commercial and Industrial loans, in addition to the f...

2023-04-07 02:00:00 ET Summary We examine the genesis of the gap between bank deposits and loans. Small bank loan books represent a greater proportion of deposits relative to large banks. This is fine and quite different from Silicon Valley Bank. The outsized exposure of small...

2023-04-05 07:56:00 ET Summary Global equities were volatile in the first quarter, as turmoil in the banking sector jolted markets. While swift regulatory action helped stem contagion, the crisis dented investor confidence in a fragile market environment and has sharpened awarenes...