HDMV News and Press, First Trust Exchange-Traded Fund III Horizon Managed Volatility Developed International From 10/30/20

2020 is the year we would all like to forget - and somehow, equity markets have already done just that. Valuations of most markets are once again extremely stretched, emboldened by ample central bank liquidity, and increasingly vulnerable to changing risk sentiment. It seems that ...

The Dow Jones Stoxx 600 dropped almost 3% yesterday, but today is trying to snap a three-day 5.7% slide that brought it to five-month lows. The S&P 500 gapped lower yesterday and settled on its lows. US shares are trading firmer. The greenback is mostly firmer, though the yen ...

The dramatic risk rally since March has driven a sharp expansion in global forward P/E multiples. The disconnect between "P" and "E" is most extreme for the US small-cap Russell 2000 and the least extreme for the FTSE UK. Sector-level P/E expansions have also been fueled by price ...

Without any doubt, Q2 of 2020 was the worst quarter on record for global trade, and this is very likely to apply to 2020 as a whole. China (mainland) is the only top economy showing clear and consistent signs of recovery in Q2 and Q3; the results for September point to a recovery in S...

According to third-quarter forecasts by the OECD, by the end of 2021, most economies, including Canada, will have a level of output that remains well below that of 2019, and considerably weaker than projected a year ago. By the end of 2021, America's economy is forecast to be the same...

The rebound in asset prices and the easing in global financial conditions have benefited not only advanced economies, but also emerging markets. Policy measures have allowed firms to cope with cash shortages experienced during economic shutdowns by taking on more debt. Looking ahe...

We continue to project a deep recession in 2020. Global growth is projected to be -4.4 percent, an upward revision of 0.8 percent compared to our June update. In 2021, growth is projected to rebound to 5.2 percent, -0.2 percent below our June projection. The divergence in income p...

Global markets pulled back from a torrid pace set throughout July and August. The MSCI All-Country World Index was down 3.2% for the month. The first two months saw rallies in the global reflation trade only to see investors back away from this trade in September. Japan equities r...

August's government debt sell-off proved to be short-lived. The German 10-year Bund yield fell by nearly 12.5 basis points to close at -0.53%. The AIG Australian Performance of Manufacturing Index declined 2.6 points in September for the second consecutive month. For further...

Output growth reported in 18 out of 25 sectors in September, led by autos and parts markers. Tourism and recreation remain the hardest hit. Rising equipment and machinery spending hints at revival in global business investment spending. For further details see: PMI Surve...