KBWB News and Press, Invesco KBW Bank ETF From 03/28/23

2023-03-28 14:21:47 ET David Herro, the chief investment officer for international equities at Harris Associates, said Tuesday that the banking system itself is not in crisis, even if some individual institutions have run into serious problems. In an interview with CNBC, Herro argue...

2023-03-28 09:56:00 ET Summary The overall systemic risk to financial markets from stresses in the banking sector appears contained, making a repeat of the 2008 crisis unlikely. Many global central banks reaffirmed their commitment to taming inflation by announcing additional rate...

2023-03-28 05:00:00 ET Summary The primary reason why China wants a cease-fire in Ukraine is that the G7 has started sanctioning Chinese companies that do business with Russia. The European Union and Canada’s goals of reducing carbon dioxide emissions can have severe conseq...

2023-03-28 04:55:00 ET Summary The S&P 500 earnings yield is 5.57% vs last week’s 5.66% and as of 12.31.22, 5.81%. Obviously, we are most interested in what’s happened since March 6, 2023, or around the collapse of Silicon Valley Bank, and as readers can see, the...

2023-03-28 03:28:00 ET Summary 14 constituents in the S&P 500 have been impacted by a GICS Classification change which was originally announced in December 2022. Financials saw the largest change, with 8 of these constituents move from Information Technology into Financials. ...

2023-03-28 01:10:00 ET Summary The Federal Reserve’s FRED data on commercial bank deposits was just updated through the week of 3/15. From the prior week, deposits fell roughly $100 billion, or about 0.56% from $17.6 trillion down to $17.5 trillion. A week-over-week dec...

2023-03-28 00:45:00 ET Summary Over the past year, the Federal Reserve and the various European central banks have raised rates more than at any time since 1981. Short-term interest rates rose above long-term rates, creating the steepest yield curve inversion in decades. As su...

2023-03-27 16:31:00 ET Criticizing the Federal Reserve's delayed action to control inflation, former PIMCO chief Mohamed El-Erian said Monday that the central bank's "least bad" option is now to pause its interest rate increases. He argued that this way, policymakers can ensure that the...

2023-03-27 08:00:00 ET Summary I don’t think there is a financial reason to withdraw your funds from a small bank, especially if your deposits are below the FDIC limit. The fall in interest rates due to economic growth concerns has seen investors shift back to the assets th...

2023-03-27 05:37:21 ET Summary The Federal Reserve raised interest rates by a quarter point to manage inflation, but faces a conundrum. The Federal Reserve has opened a new short-term loan facility to address a liquidity crunch. The negative market action is being masked by th...