QABA News and Press, First Trust NASDAQ ABA Community Bank Index Fund From 05/09/23

2023-05-09 03:28:00 ET Summary Overall, due to a lower unemployment rate and rising wages, the payroll report was indicative of a stronger economy. ISM announced on Wednesday that its non-manufacturing (service) sector rose to 51.9 in April, up from 51.2 in March, the fourth strai...

2023-05-09 02:04:00 ET Summary The S&P regional bank index is now down -34% year to date and discussions of a credit crisis are running rampant. Rising rates make it more expensive to borrow and are intended to reduce inflation through reducing demand for new credit issuance. ...

2023-05-09 02:00:00 ET Summary The Federal Reserve reports that banks are becoming increasingly restrictive in terms of their lending behaviour. This compounds the recessionary risks coming from rapidly higher borrowing costs. The data suggest a sharp slowdown in lending growt...

2023-05-09 01:45:00 ET Summary The latest rake hike from the Federal Reserve is behind us, and we are left to wonder if Jerome Powell overdid it yet again, this time on the tightening side. Powell’s Federal Reserve overstimulates to the upside and then overtightens to the d...

2023-05-09 01:20:00 ET Summary The stocks were fairly stable on Monday but started to sell off on Tuesday on rumors about the health of other west coast banks. One of the big macro fears coming out of the banking crisis is the effect on commercial real estate. It is hard to sa...

2023-05-08 13:20:00 ET Summary In my last post, I looked at banking as a business, and used a simple banking framework to advance the notion that the key ingredient tying together the banks that have failed so far in 2023 is an absence of stickiness in deposits, created partially by d...

2023-05-08 03:00:00 ET Summary The unfolding banking crisis ensures tighter credit for an economy already downshifting. Stocks (and other asset markets) feast on distorted low market yields. The system faces an extremely challenging adjustment period. Today's banking crisis is...

2023-05-07 04:05:00 ET Summary Whenever the dominant investment narrative shifts, asset correlations tend to change as well. Conditions shifted abruptly with the Silicon Valley Bank failure. Suddenly, inflation seemed less of a threat and investor fears pivoted back towards recess...

2023-05-07 03:46:00 ET Summary In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with which it unfolded. While we can differentiate between good and bad banks and some of these differences are driven ...

2023-05-06 02:00:00 ET Summary There is a thread running between the three crises being felt in the US right now. There are a number of indicators that we can track to help assess where we are and where we are likely to get to. The genesis of bank stresses in part reflects the...