JHML News and Press, John Hancock Multifactor Large Cap From 09/22/21

United States exports will grow at a slow pace in 2022, with improvement in 2023. Key factors will be the Covid-19 pandemic, how our largest trading partners fare economically, and the path for the dollar. Total international trade fell sharply in the pandemic, with most countries...

The 'debt ceiling' is akin to economic self-harm. Fund flow from both the Treasury and the private banks has slowed. The uncertainty around the debt ceiling has started to be reflected in the stock market. If the Senate blocks the raising of the debt ceiling, then stock weakne...

With all the debate about the persistence of inflation, one natural thing to ask is: what is the market pricing? The “breakeven inflation rate” on an inflation-indexed bond (in this case, U.S. TIPS) is that future rate of inflation that gives the same total return as nom...

In daily trading, you can see one index be weak and another be up on the same day, but generally if the equity market is weak or strong as a whole, they all move in the same direction. Last two weeks, we often saw a firm bid at the open immediately disappear by the close in the most impor...

The Fed is expected to keep its key interest rate well below the inflation rate for the foreseeable future, and the U.S. budget deficit is now so large that the Fed cannot raise key interest rates much anyway, and Biden’s big spending plans may be ending soon. Last Tuesday, the...

Beginning with what is perhaps the best indicator of growth potential in the real economy, as opposed to just the financial economy, the G3 credit impulse is now firmly in negative territory after peaking in the latter stages of 2020. Turning to manufacturing, building permits for new...

The inability for companies to hire is occurring at a time when job openings are high and the number of individuals unemployed is high. The fact is companies have 10.9 million open positions and there are 8.4 million unemployed individuals. The supply chain constraints are partial...

On Monday, stocks solidly cracked below the 50-dma, but the bounce off the lows has investors asking if it’s “time to buy?”. My best guess is the market likely gives us a one to two-day rally back to the 50-dma, which should get used to rebalance portfolio risk. ...

The wall of worry is so high now that it seems insurmountable. But is it? The Nasdaq 100 index (NDX) cut through its 20-day moving average and remained below the 50 area on RSI but neither Accumulation Distribution ((ADI)) and On-Balance Volume (OBV) made new lows. The S&...

Using the current PPI, we estimated that the CPI would be up about 0.5%. Using our model, we could with 95% confidence be sure that the reported CPI would turn out to be between 0.3% and 0.79%. The number reported by the BLS of 0.3% was, in fact, right at the bottom of the probabl...