MRAD News and Press, SmartETFs Advertising & Marketing Technology ETF From 11/09/21

October’s PMI readings from around the world were strong with a new high in the percentage of countries in growth mode. Under the surface, however, risks loom in the background with China and the ongoing backlogs/supply chain disruption issues. More concerning might be the ...

Worldwide manufacturing output growth slowed in October to the weakest so far in the recovery from the initial pandemic lockdowns. This shortfall of production could be to a large extent explained by ongoing supply constraints, in part relating to labour but more widely for raw materi...

The interesting thing is that, depending on how you define “global stock market capitalization”, the US stock market is not nearly as big as we think. If we use the actual full market capitalization the US stock market is just 41% of global equities. But if we use the in...

China’s emergence as a global economy on the world stage is perhaps the biggest economic story of the last 30 years. Due to short sale constraints, among other features, China’s exchanges have sometimes been prone to added volatility, with notable bubbles and busts occur...

Faced with strong growth and rising prices, central bankers around the world have signaled that the start of policy normalization is imminent. Financial markets have certainly gotten the message, with expectations for rate hikes over the next couple of years soaring over the past mont...

Low Vol has been in the doldrums for most of the equity rally from the pandemic lows of March 2020, as would be expected based on its historical return patterns. Well-established academic research has found that stocks with lower volatility (or beta) tend to generate higher risk-adjus...

The financial markets today are huge (certainly much bigger than at any time in history), and the hands pushing real yields down (the Federal Reserve and the ECB) are extremely strong. Interestingly, while real yields are at record lows, the supply of financial assets is at record hig...

As we move into Q4, markets are in a tug-of-war involving various good news vs. bad news debates. COVID-19 cases are declining, but central banks are considering tightening monetary policy. Earnings growth is strong, but year-over-year comparisons will become tougher. Employment stati...

The strong economic and market trends of the first half of 2021 wavered during the third quarter. The coronavirus delta variant caught up with the US at the height of the summer, just as vaccinations slowed and concerns grew that inflation might flare and persist. Even so, equity mark...

According to the Federal Reserve, US Industrial Production declined by a large 1.3% in September 2021 from August – with August’s estimate being revised downward to -0.1% month-over-month. We’re led to focus on the narrow and immediate concerns with individual mon...