HDMV News and Press, First Trust Exchange-Traded Fund III Horizon Managed Volatility Developed International From 06/24/21

PIMCO’s baseline outlook for the cyclical horizon has the global economy continuing its uneven recovery before shifting to a more moderate pace of above-trend growth in 2022. With the pandemic receding across much of the world, policy support has also likely peaked and will tur...

Global capital is all in with record leverage on growth and inflation bets. But is the consensus confident, or have they just stopped thinking? While monetary and fiscal funds have drowned the financial system, transmission through the real economy has failed because the cash flows ar...

We formally neutralized the influence of two macro themes centered on global protectionism and Chinese growth. European populism was reduced as a significant headwind to valuation opportunities. With fewer headwinds, there may be a less obstructed path for price to gravitate towar...

Last year's pandemic crisis U-trip took just 128 days - significantly less than the long-term average, despite a once-in-a-generation healthcare crisis. While the recovery speed has varied, the global economy is clearly on the mend. We believe that the next phase of the reopening/...

U.S. core inflation accelerated by 3.8% on a year-over-year basis during May per the Bureau of Labor Statistics’ consumer price index. Two of the sectors with the highest price increases during May were the automobile industry and the airline industry. Zeroing in on the equ...

The 5% US year over year inflation print (CPI) for May was the highest since August 2008 - the last cycle peak. Treasury prices are continuing to rally - compared with the end of May, the US 10-year Treasury yield is today 1.47 from 1.58, and the Canadian 10-year is 1.40 from 1.50. ...

With input costs rising sharply, the rise in consumer price inflation has only just begun. As shortages and supply chain disruptions are priced through to consumers, goods inflation is set to trend higher. We still believe the impact will be temporary, but in the US less so than i...

On June 5, 2021, Finance Ministers from the Group of Seven major industrialized nations committed to a global minimum corporate tax rate on multinationals of at least 15%. The agreement reached by the G7 countries on minimum taxes has provided fresh momentum to the overhaul of interna...

Global supply chain woes persist in May. Asia manufacturing performance on the line amid supply constraints. Sustained supply and demand gap could lead to price stickiness. For further details see: Global Manufacturing PMI Highlights Sustained Supply Constraints And Pric...

The major asset classes delivered across-the-board gains for a second month in a row in May. Everything apart from cash was up last month, led by a sizzling rally in foreign inflation-linked government bonds. The FTSE Russell World Inflation Index ex-US surged 4.0% last month, the...