ISMD News and Press, Inspire Small/Mid Cap Impact From 10/07/22

Summary U.S. nonfarm payrolls added 263,000 jobs in September, less than the 315,000 gain in August. Over the 13 months from January 2021 through February 2022, the average monthly gain was 544,000; for the five months from March 2022 through July 2022, the average was 376,000; an...

Summary Stocks fell sharply following a hotter than expected jobs report. The next big hurdle will come next week with the CPI report. The dovish pivot camp needs to call it quits already. Another Fed pivot attempt has been denied. The market is learning the hard way tha...

Summary From over-exuberance in 2021 to a widely-shared prophesy of doom in 2022, markets are as you know always overreacting one way or the other. We find ourselves puzzled as to the generally miserable outlook amongst investors at present. All news whether good or bad is usu...

Summary In this article, we assess how tricky the market environment has become as the Fed is fighting inflation in a growth-slowing environment. Unfortunately, economic numbers are still too strong for the Fed to communicate a potential pivot. Hence, the problem is that we ne...

Summary The equity market rebound this week has triggered a new series of calls for a bottom. Bottoms rarely form when investors expect them. The rebound this week benefitted the energy sector the most. Inflationary pressures remain strong in addition to geopolitical risks...

Summary Investors can throw out projecting an end of fed fund rate increases based upon inflation, unemployment, or other macroeconomic factors. The end of Fed tightening will come when something breaks. Cracks are forming. My biggest concern is that further tightening will test t...

Summary Atlanta Fed President Raphael Bostic on Wednesday suggested a pivot may come after two more rounds of rate hikes at the upcoming Nov. 2 and Dec. 14 FOMC meetings. The Fed funds target rate is currently 3.0%-3.25% and Fed funds futures are pricing in high odds that it will ...

Summary A critical factor contributing to the market's downward trajectory this year is the high level of inflation and the Fed's higher interest rates. The pandemic and the related shutdowns create a unique environment making it difficult to interpret some of the recent economic ...

Summary Employment data released today gives some indication the job market is weakening. The third quarter job-cut total is higher than the third quarter of 2021. With today's report, the number of jobless claims again rose above the one-month average. It seems the Fed sh...

Summary For the second week in a row, bullish sentiment rose week over week to come in at 23.9%. After two consecutive weeks of readings above 60%, bearish sentiment has turned lower, falling to 54.8%. Neutral sentiment also rebounded slightly, rising from sub-20% (the lowest ...