FTXO News and Press, First Trust Nasdaq Bank ETF From 05/03/23

2023-05-03 23:55:00 ET Summary The collapse of small banks is not surprising. But what’s happening today is accelerating the process. The basic gist of this acceleration is multi-faceted: the government has implicitly supported small banks; and explicitly supported big bank...

2023-05-03 22:03:00 ET Summary The Federal Reserve has raised interest rates by 25bp and signalled the threshold for justifying future rate increases is now higher than it was. With lending conditions rapidly tightening in the wake of recent bank stresses, we think this will mark ...

2023-05-03 21:35:00 ET Summary With today’s 25-basis-point rate increase, the U.S. Federal Reserve (Fed) has now hiked rates by a cumulative 500 basis points since March of 2022. Whether the Fed hikes rates again in June or goes on pause will likely depend on the labor mark...

2023-05-03 01:36:00 ET Summary Why there may be other small lenders set to fail. The Fed is sticking to plan and focusing on fighting inflation, and nothing else. Are niche banks bearing the brunt of interest rate hikes? JPMorgan Chase ( JPM ) has agreed ...

2023-05-02 01:22:00 ET Summary While uncertainty has increased, we believe fundamentals remain largely solid for the U.S. banking sector. Much of what happened in March, and later in the failure of First Republic Bank, was idiosyncratic rather than a “regional bank crisis.&...

2023-04-29 01:20:00 ET Summary Inflation remains 'unacceptably high', but banking stresses are leading to a tightening of lending conditions, which will do more to slow the economy than the likely 25bp hike on Wednesday. While the Fed will leave the door ajar for further hikes, th...

2023-04-26 22:15:00 ET Summary Crescat is a global macro asset management firm. Our mission is to grow and protect wealth over the long term. The ongoing deficit spending and debt monetization since the 2008 crisis have created a trifecta of macro imbalances. Forward-thinking ...

2023-04-26 01:03:00 ET Summary The biggest deposit flight we have seen in 50 years from commercial banks shows no sign of stopping. Fed Chairman Powell is exacerbating the issue with every rate hike he makes given US 3-Mo T-bills yield nearly 4.75% above the average FDIC savings r...

2023-04-25 11:35:00 ET Summary Considering the pace and magnitude of interest rate hikes over the last year, it’s not surprising that issues in the banking industry have resulted in a confidence crisis. The swift and aggressive intervention by regulatory and private sector ...

2023-04-25 10:31:00 ET Summary Banking stress is unambiguously negative for the economy because it creates difficulties for small and midsize companies, which tend to utilize smaller banks due to the ease of access to credit they provide. We believe the Fed will be reluctant to mo...