GBGR News and Press, Global Beta Momentum-Growth From 06/30/22

Personal income rose 0.5 percent in May, according to data from the Bureau of Economic Analysis. Excluding personal transfer payments, personal income rose 0.7 percent in May and is up 8.3 percent over the latest 12-month period. The fallout from the Russian invasion of Ukraine an...

Initial claims for regular state unemployment insurance fell 2,000 for the week ending June 25, coming in at 231,000. The number of ongoing claims for state unemployment programs totaled 1.286 million for the week ending June 11, a rise of 17,836 from the prior week. Labor shortag...

Seasonally adjusted initial jobless claims came in at 231K which was ever so slightly above expectations of 230K. The four-week rolling standard deviation in claims has fallen below 1 for only the seventh time on record going back to 1967. In the most recent week’s data thr...

The recent unusually large swing in household wealth is not getting the attention it deserves as another recession risk. According to the St. Louis Federal Reserve, largely as a result of surging equity and home prices, household wealth increased from $116 trillion at the end of 2019 ...

Data released in June showed that annual headline CPI inflation - previously thought to be cooling - had touched a new 40-year high. Substantial rate hikes are possible as the Fed remains focused on stabilizing prices; however, in the process, a recession may become unavoidable. W...

Judging by every other opinion, the US looks like it’s headed into a recession. Jobless claims have risen to 230,000 from March ’22’s low of 166,000 with the difference of 66,000 being a 38% jump in jobless claims since mid-March. If the S&P 500 can hold t...

The second quarter of 2022 was another brutal one for fixed-income instruments, with yields rising across the board. The story was even worse for tax-free munis. The Fed’s hiking, coupled with their sharply more hawkish rhetoric, has spooked all bond markets since March and thr...

No longer is M2 surging at double-digit rates. If this keeps up, inflation could get back to something like "normal" by early next year. The Fed has not lost control of the situation, and inflation expectations are not "unmoored." Bottom line, the market expects inflation to norma...

On June 16th, the S&P 500 closed at just under 3,700, almost 24% below its record high of almost 4,800 in January. With a 24% decline so far, the current bear market is in line with most bear markets and, on that basis, it would be reasonable to assume that we're somewhere near th...

Commodities (used in the production of goods) are considered a leading indicator of inflation. Recessions are a normal corrective phase of the economic cycle, but politicians, central banks, most financial advisors, and economists never see them coming. Central bank policies can h...