GBGR News and Press, Global Beta Momentum-Growth From 07/28/22

The Advance Estimate for Q2 GDP came in at -0.9%, an increase from -1.6% for the Q1 Third Estimate. A particularly telling representation of slowing growth in the US economy is the year-over-year rate of change. The average rate at the start of recessions is 3.29%. Eleven of twelv...

Powell acknowledged a slowing economy and expectations for more short-term interest rate hikes eased. That's all it took to set a fire under risk assets. The durable goods report for June strengthens my resolve we will see growth in the second quarter GDP report. A soft landin...

Investors hoping that the Fed will reverse course on higher interest rates anytime soon are misguided. The market is not currently pricing in the probability of rate cuts in any meaningful way over the next year. Inflation pressures may persist beyond expectations. The Fed's h...

A rough consensus amongst economists and investors is that U.S. rates need to push beyond 2.5% to start to cool the economy down. The Fed might stick a perfect soft landing - where inflation moderates back down to 2% and economic activity bends but doesn’t break - but it is not...

The Fed met market expectations with a unanimous 75 basis-point hike. FOMC lifted the federal funds rate to the 2.25% to 2.50% range and will continue its balance sheet runoff. Fed updated its language to reflect recent economic data, stating that "indicators of spending and produ...

Powell said that policy interest rates are now in the neutral range, the economy has started to weaken, and that the full impact of the rate hikes delivered so far has yet to be felt. Powell also said that the FOMC’s June views on the likely path of rates still stand, and those...

After a 34% drop, the Nasdaq has finally formed a nice bottom. It even started to turn up last week. The other major indexes are following along too. The excess valuations of the indexes has been taken out. Earnings seem to be holding up just fine. The Nasdaq peaked ...

So far, earnings reports are not as bad as feared. I think investors will interpret the Fed's rate decision to be not as bad as feared as well. If we can conclude this week with an inflation report that is not as bad as feared, it should be the fuel for a continuation of the marke...

Financial markets in the first six months of 2022 broke many records, all of them bad. Both stock and bond prices declined significantly during the first six months of 2022, but at the end of that period, stock prices were still 22% higher than at the beginning of the Covid Pandemic. ...

When has being a seller into a well-anticipated event with negative implications for the market ever made any sense? We have had 42 days full of hand-wringing and negative media to contemplate the July 27 Fed meeting. for me, the market has priced this in. After all the higher rat...