JUSA News and Press, JPMorgan ActiveBuilders U.S. Large Cap Equity ETF From 08/24/21

Weak PMIs mean expectations of strong taper warnings at Jackson Hole are being pared back. This could be a mistake, but pessimism means even a hawkish Fed would be greeted with a modest market reaction. In the meantime, supply skews rates moderately higher this week. For fur...

The media wants you to believe that the tapering of Quantitative Easing is a big deal with a potential bad outcome (“if it bleeds, it leads”). The exact opposite is the case. Covid Delta as a weapon of mass economic destruction - another media obsession. Is this round tw...

Falling growth does not mean the economy is contracting. It merely means that the rate of increase is slowing. How much it slows is something we can't know yet, but it is exactly what we've been expecting for months as we watched bond yields drop. One reason I think the current enviro...

Relative to the 2020M02 nationwide peak, as of July Wisconsin NFP is down 3.8%, as compared to 3.7% nationwide. The dualistic nature of the recovery persists, with high contact services employment remaining more depressed than that for goods production. The recovery in leisure and...

The rebound in consumer participation is an important part of the growth story we’ve seen in 2021, with accommodative monetary and fiscal policies also playing an important role. Going forward, we see these forces continuing to drive growth - albeit with some moderation - as co...

Taking investment cues from market price trends is pure Momentum Investing. Fundamentals do indeed determine the price trends over longer periods, but not within the time frame presented by media pundits. Fear of loss (risk) is the main driver in the human psyche, and this has long be...

The next Z.1 report comes out in late September, but will only bring the data up to June 30th. I use a pair of adjustments to adjust the share of assets invested in risk assets between releases. The share of funds model now rates the market as having the highest valuation since 1945. ...

Any disappointment in key US data today is likely to see a larger reaction than a consensus beat. Markets are primed for hints of further deceleration, sentiment already dampened by the spreading delta variant and geopolitics. More concrete hints on the Fed taper will be needed fo...

Senator Joe Manchin (D-WV) is “deeply concerned” about the Fed’s easy money policy and urged the Fed to curtail its aggressive intervention in the bond market. This raises questions about whether or not the Fed might taper sooner than expected. I believe the Fed w...

Numerous multi-decade extremes support a bearish conclusion for U.S. equities. The media has featured numerous articles about how there has been a rotation among equity sectors. The assumption which underlies almost all of these analyses is that we are in a bull market and that the se...