IJT News and Press, IJTiShares S&P Small-Cap 600 Growth ETF From 12/09/22

Summary The market rallied ~18% in 12 months following midterm election. The Jobs Report was stronger than expected (more jobs and higher wage growth but lower hours). Those calling for a recession may be right, but with a 25% peak-to-trough move in the S&P, much of the pain (to...

Summary From a year ago, total consumer credit is up 8.1 percent, the fastest pace since November 2011. As of the second quarter, the financial obligations ratio was 14.27 percent, up from 14.24 percent in the prior quarter. Total consumer credit rose again in October on gains in re...

Summary Preliminary December results from University of Michigan Surveys of Consumers show overall consumer sentiment improved for the month but remains near historically low levels. According to the report, “Consumer sentiment rose 4% above November, recovering most of the losse...

Summary The December Preliminary Report came in at 56.8, down 3.1 (5.2%) from the November Final. Consumer sentiment rose 4% above November, recovering most of the losses from November but remaining low from a historical perspective. Year-ahead inflation expectations improved consid...

Summary Most people do not know how to properly invest in metals. The market has been in a two-year consolidation. We're seeing signs that the consolidation is almost done, and a major rally is about to begin. When I was younger, I was taught that if you cannot say somethi...

Summary Next week's Fed meeting is the final event of the year, which should determine market performance by year end. As fears shift from inflation to growth, the Fed has an ace up its sleeve that should help it navigate a soft landing. The mountain of excess savings should serve a...

Summary Inflation is dying. The Fed will most likely reverse hard. The economy will not be in recession. Magically years and psyche, and so news changes as calendars flip. 2022 was of course a down year. We had been bearish because of the Fed pulling the plug on their insa...

Summary Ford is trimming its workforce in its legacy divisions, where sales are sagging, but is hiring tech and engineering talent in its EV division, where sales are booming. 230,000 people filed an initial claim for unemployment insurance with their state unemployment offices in the w...

Summary This week’s sentiment reading was actually slightly higher rising 0.2 percentage points to 24.7%, a reading in the middle of this year’s range. Overall, sentiment continues to heavily favor bears with a 17.1 percentage point spread between bulls and bears. Conv...

Summary While it’s been a tough year, the Federal Reserve has done investors an enormous favor in terms of the attractiveness of a wide swath of fixed-income asset classes that today look a lot more attractive than a year ago. Jay Powell and the FOMC did raise the Fed funds rate ...