SMLE News and Press, Xtrackers S&P SmallCap 600 ESG ETF From 10/05/22

Summary We can always find an unimportant market blowing up somewhere, but as long as the funding markets are not touched, the effects on the real economy will be limited. Based on what I have seen publicly discussed, I see nothing that says that we are in any worse state than pre...

Summary We began September on Crash Watch but ended the month on Crash Warning. Though much has changed since October began, the warning remains until further notice. To be clear, this warning applies to the U.S. and global equity markets. The move to a Warning last week was relat...

Summary The jobs market remains tight, with 4 million more job vacancies than there are unemployed Americans to fill them. Nonetheless, the 1 million drop in vacancies is an early warning that corporate sentiment is shifting, with the uncertain economic outlook prompting firms to ...

Summary Geopolitical tensions, elevated market volatility, and the fastest pace of central bank tightening in decades are contributing to an unusually uncertain economic environment. In addition to higher income potential, yields are high enough to provide the potential for capita...

Summary The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics show the total number of job openings in the economy dropped to 10.053 million in August, down from 11.170 million in July. The industries with the highest openings are education and heal...

Summary Political Calculations' initial estimate of median household income in August 2022 is $78,075. The first half of 2022 saw median household income decline in real terms, coinciding with a technical recession for the U.S. economy. President Biden's inflation has been les...

Summary The Fed’s goal is to inflict quick, near-term pain on the economy in exchange for long-term price stability and future economic gains. When it comes to inflation, the good news is that it appears to be peaking, and many economists see the declining inflation trend c...

Summary The Federal Reserve continued to raise short-term rates in their battle to slow inflation in the third quarter. The end of the quarter saw Hurricane Ian deal a lethal blow to southwest Florida. The economic impact is severe and portends a big downshift in the economy o...

Summary Last week, the 2-year Treasury rate rose above 4.3%, the 10-year Treasury rose above 3.9%, and mortgage rates topped 7%, their highest level in 20 years. By reducing its balance sheet by $95 billion per month, the Fed has sent the 10-year rate substantially higher. The...

Summary Elevated inflation, currencies, slowing global economic growth expectations, and reduced central bank liquidity remain key economic considerations. Volatility measured by the VIX spiked in September after declining in August. This wall of worry is real, but it is impor...