IVW News and Press, iShares S&P 500 Growth From 04/03/24

2024-04-03 18:05:56 ET Summary In comments today, Fed Chair Jay Powell emphasized patience when it comes to cutting rates, while maintaining policy is restrictive. The market disagrees with Powell's view on monetary policy being restrictive, as inflation swaps and breakevens trend...

2024-04-03 14:45:00 ET Summary The March ISM services index was weaker than predicted while price pressures moderated to four-year lows. With employment remaining in contraction territory this report should boost the case for interest rate cuts, but the breakdown in the relationsh...

2024-04-03 13:45:00 ET Summary Nearly 100% of US equity valuations are at or near all-time record overpricings, while many reliable signals of upcoming market behavior have approached or surpassed all-time record extremes. Investors are ignoring these extremes in the market. In th...

2024-04-03 08:30:00 ET Summary Market swings punctuated the first quarter as “central bank speak” proliferated and caused confusion. I put first quarter global markets into perspective and highlight some “little victories” that may have been easy to ove...

2024-04-03 06:50:00 ET Summary The adjustment to US interest rates continues and this helps underpin the US dollar. The dollar is firmer against all the G10 currencies today, while emerging market currencies are mixed. A powerful earthquake off the coast of Taiwan shuttered fa...

2024-04-03 00:38:36 ET Summary The S&P 500 has had a strong start to the year, gaining about 10% in Q1, supported by a more accessible monetary policy and strong corporate profits. Caution is advised in the near term, as stocks have appreciated rapidly and technical momentum i...

2024-04-02 15:00:00 ET Summary The number of job vacancies remains elevated, but is moving into better balance with the supply of available workers. A slowing quit rates suggests a broader cooling is happening, which implies a moderation in labour cost growth that will help ease b...

2024-04-02 14:15:00 ET Summary Yields have surged across fixed income in the new regime. In Q2, we stay nimble and selective, preferring short-term sovereign bonds and high yield credit. The S&P 500 jumped 10% in Q1 even as bond yields rose on markets pricing out rate cuts. In...

2024-04-02 11:20:00 ET Summary Over the next few months, the markets can extend the current deviations from the long-term mean even further. There is a massive difference between average and actual returns on invested capital. During excessively high valuations, investors shou...

2024-04-02 09:55:36 ET Citi Research highlighted that exchange traded fund investor flows had a strong month in March as market participants injected nearly $100B into the fund market. In total, Wall Street added $99.3B in cross assets which is almost double compared to February's total inf...