FTXO News and Press, First Trust Nasdaq Bank ETF From 05/16/23

2023-05-16 15:00:00 ET Summary Last week, April’s year-over-year export and import prices showed unusually large declines. Export prices declined by 5.9%, on top of another large 4.8% decline in March. Import prices declined 4.8%, matching the March decline. L...

2023-05-16 14:15:00 ET Summary Lipper Financial Services ETFs recorded their largest weekly outflow of the year over the past fund flows week (-$1.4 billion). On top of the bank failures, market participants are worried about the largest U.S. banks gaining an increasing market sha...

2023-05-16 13:30:00 ET Summary We continue to view risks to financial markets as being elevated. We prefer companies that are able to generate strong cash flows through the economic cycle and have strong competitive positions in their respective industries. While we have start...

2023-05-16 13:16:00 ET Summary We have had now, officially, 4 U.S. Bank failures with First Republic, Silicon Valley, Silvergate and Signature Bank. We have PacWest, Western Alliance and Zions are the next banks that are in discussion to be on the brink. During the pandemic, b...

2023-05-16 02:35:00 ET Summary The current economic and investing environment remains one of the most challenging and difficult to navigate in recent times. With inflation and wage growth at current levels, we likely require a material amount of pain to be felt within the equity a...

2023-05-15 03:40:00 ET Summary Every banking crisis has triggered a wave of mergers. Every regulator in every jurisdiction is now keenly focused on the banks it oversees. All banks face tougher conditions, higher FDIC fees, and more lending scrutiny from regulators. ...

2023-05-13 07:40:00 ET Summary We don't rule out further problems arising in some of these smaller US banks but expect larger banks to be able to weather the storm. If a government shutdown and default look likely, the impact on financial markets, consumers and businesses would be...

2023-05-13 03:02:00 ET Summary Winding up SVB and Signature Bank left a $15.8 billion hole in the fund the FDIC uses to pay back savers when a lender implodes. U.S. banks will pay a one-off levy to cover the losses incurred by the FDIC. The charge, which will top up the Deposi...

2023-05-13 01:50:00 ET Summary The US's bank troubles have been concentrated among smaller-sized banks, while the larger institutions have weathered the storm relatively well so far. The impact on banks in the European Union has remained moderate. European banks carry substantial ...

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...