FTXO News and Press, First Trust Nasdaq Bank ETF From 05/11/23

2023-05-11 21:44:00 ET Summary Money supply growth fell again in March, plummeting further into negative territory after turning negative in November 2022 for the first time in 28 years. The fact that the money supply is shrinking at all is so remarkable because the money supply a...

2023-05-10 23:20:00 ET Summary The Fed’s latest survey of banking institutions reveals tighter lending standards with weaker loan demand. The Fed’s Q2 SLOOS summary, released on Monday, revealed tighter lending standards for almost all categories of borrowers while d...

2023-05-10 01:59:00 ET Summary I think that the Fed had to take the olive branch that the market was extending to it with fully pricing in this rate hike. The First Republic going into receivership and having the merger there - I think from that vantage point, it was a win-win-win...

2023-05-10 01:05:00 ET Summary Economists have been forecasting a recession would happen since the Federal Reserve (Fed) started raising interest rates back in March 2022. The federal funds rate has risen almost 500 basis points since last year, as the Fed has aggressively attacke...

2023-05-09 03:28:00 ET Summary Overall, due to a lower unemployment rate and rising wages, the payroll report was indicative of a stronger economy. ISM announced on Wednesday that its non-manufacturing (service) sector rose to 51.9 in April, up from 51.2 in March, the fourth strai...

2023-05-09 02:04:00 ET Summary The S&P regional bank index is now down -34% year to date and discussions of a credit crisis are running rampant. Rising rates make it more expensive to borrow and are intended to reduce inflation through reducing demand for new credit issuance. ...

2023-05-09 02:00:00 ET Summary The Federal Reserve reports that banks are becoming increasingly restrictive in terms of their lending behaviour. This compounds the recessionary risks coming from rapidly higher borrowing costs. The data suggest a sharp slowdown in lending growt...

2023-05-09 01:45:00 ET Summary The latest rake hike from the Federal Reserve is behind us, and we are left to wonder if Jerome Powell overdid it yet again, this time on the tightening side. Powell’s Federal Reserve overstimulates to the upside and then overtightens to the d...

2023-05-09 01:20:00 ET Summary The stocks were fairly stable on Monday but started to sell off on Tuesday on rumors about the health of other west coast banks. One of the big macro fears coming out of the banking crisis is the effect on commercial real estate. It is hard to sa...

2023-05-08 13:20:00 ET Summary In my last post, I looked at banking as a business, and used a simple banking framework to advance the notion that the key ingredient tying together the banks that have failed so far in 2023 is an absence of stickiness in deposits, created partially by d...