IWP News and Press, iShares Russell Midcap Growth From 05/25/24

2024-05-25 09:30:00 ET Summary Stronger than expected data and hawkish FOMC minutes lifted US rates and the dollar, while the market reduced expectations of ECB easing. Sterling remained resilient despite weak economic data, but rate expectations were impacted by stronger than exp...

2024-05-24 20:30:00 ET Summary This week, the S&P 500 closed at 5,304.72, while the close last week was 5,303.27. The forward 4-quarter estimate for the S&P 500 dropped a little this week to $252.61 from last week’s $252.93. The P/E ratio this week is 21x vs. 21...

2024-05-24 18:40:00 ET Summary The “Magnificent Seven” became the “Magnificent One” - Nvidia. The Fed minutes trigger a market collapse on no new news. When in doubt, return to the Covid playbook. My guess the reason to be primitive AI...

2024-05-24 09:45:00 ET Summary It is widely known that markets can be influenced by economic data releases that deviate significantly from consensus. We have quantified the impact of economic surprises on the US government bond market for different tenors, as measured by the quint...

2024-05-24 07:35:00 ET Summary The dollar is paring yesterday's advance that was spurred by the rise in US rates following the preliminary PMI. Asia Pacific and European equities have sold off in the wake of yesterday's slide in the US. The Canadian dollar was the weakest of t...

2024-05-24 04:45:01 ET Summary The Fed warns that "valuations across a range of markets appeared high relative to risk-adjusted cash flows". This is essentially a warning about the "everything bubble". Due to the sticky and elevated inflation, the Fed will be forced to burst t...

2024-05-24 00:05:00 ET Summary The current focus of the FOMC is on achieving the inflation mandate rather than the employment mandate. The FOMC is more concerned about the risk of inflation than the state of the labor market. Unemployment remains low and is not a major concern...

2024-05-23 12:31:32 ET Summary The Fed minutes read much more hawkishly than expected. The Fed is not nearly as confident on the path of inflation as previously thought. The odds for rate hikes are better than what would have been thought at this point. The FOMC minutes ...

2024-05-23 11:19:00 ET Summary In March 2023, the AIER Business Conditions Monthly Leading Indicator fell to its lowest level in five months. The Roughly Coincident Indicator, meanwhile, rose to its highest reading since September 2023. The index levels for March were 58 for t...

2024-05-23 10:16:00 ET Summary The employment situation for U.S. teenagers dipped slightly in April 2024. The seasonally adjusted number of 16-19 year olds counted as having jobs decreased from the previous month's total by 23,000 to 5,839,000. Although it dipped, the jobs tre...