MDYG News and Press, SPDR S&P 400 Mid Cap Growth ETF From 07/24/23

2023-07-24 07:00:00 ET Summary Signs that market participation is broadening are continuing to show up. The best performer last week was Commodities, which finally caught a bid after a year-long slide. The worst-performing asset class last week was Asia, led lower by China. ...

2023-07-21 20:20:00 ET Summary According to the CME FedWatch tool, there is a 99.5% chance the new fed funds range after Wednesday’s release will be 5.25% to 5.50%. This week, after commenting on it last week, the global custodian banks performed well, particularly Northern...

2023-07-19 21:30:00 ET Summary Adding another positive data point to others indicating economic expansion is the Trucking Tonnage Index. This is a volatile series that should only be monitored as a multi-month trend and in conjunction with other related economic series. The Ju...

2023-07-19 05:53:00 ET Summary S&P 500 EPS growth for Q2 2023 is set to come in at -7.1%, the lowest rate in 3 years and the third consecutive quarter of negative earnings growth. The LERI shows corporate uncertainty increasing to its highest level since the pandemic. Why ...

2023-07-17 15:56:00 ET Summary Inflation came in lower than expected, which increased the likelihood the Federal Reserve's series of rate hikes that began in March 2022 is now much nearer its end. The CME Group's FedWatch Tool anticipates the Federal Reserve will hike the Federal ...

2023-07-17 05:14:00 ET Summary After making a new 2023 high on Thursday, the market rested on Friday. For the week, it was up 2.4%. We are now in a Golden Cross configuration, with the 50-day above the 200-day. Home construction led the way higher last week, and is leading all...

2023-07-14 23:20:00 ET Summary With the S&P 500 over $4,400 and many now speaking of a “new Bull Market,” all that has occurred is a relief of the extreme pessimism of recent months. A rise in the S&P 500 also reveals a lag in the swing towards a more optimis...

2023-07-14 02:40:00 ET Summary I like the financial sector coming into Q2 ’23 earnings, but Bespoke is favoring tech, energy and basic materials. The buying in energy stocks the last week – 10 days could lead readers to conclude that the energy sector is poised to ra...

2023-07-13 01:55:00 ET Summary S&P 500 EPS growth for Q2 2023 is set to come in at -7.2%, the lowest rate in nearly 3 years and potentially the third consecutive quarter of negative earnings growth. As we head into the second quarter earnings season, many things will be on inv...

2023-07-12 23:10:00 ET Summary The continued rally in equity markets seems to be slowly reaching its crescendo. While the fundamentals have been screaming bearishly for some time now, there have been a number of structural factors at play driving markets higher in spite of these h...