SMLE News and Press, Xtrackers S&P SmallCap 600 ESG ETF From 10/14/22

Summary The ClearBridge Recession Risk Dashboard is a group of 12 variables that have historically foreshadowed an upcoming recession. The Fed does not want to repeat the mistakes of not only the soft-landing scenario of 1966, but also the start-stop dynamic that was endured durin...

Summary The core CPI in September came in stronger than consensus expectations across consumer spending categories that tend to be “stickier,” including shelter and healthcare. The primary driver of inflation again in September was shelter. Goods price inflation ...

Summary Every movement of the stock market has been predicated on what the Fed had to say. The most important chart is the high yield credit spread. When credit markets freeze, policy makers bend. For the past six weeks every movement of the stock market has been pre...

Summary AIER’s Everyday Price fell 0.4% in September following a 1.3% drop in August and 0.6% decline in July. The Consumer Price Index, excluding food and energy, rose 0.4% for the month (not seasonally adjusted), while the 12-month change came in at 6.6%, the highest sinc...

Summary Last week’s jobless claims number went unrevised whereas the latest week’s data rose by 9K up to 228K. On a national level, claims are moving higher, but it is perhaps too early to say we are in a new trend. While 80% of states and territories saw claims ...

Summary CPI reading came in ahead of expectations. Core CPI hit a new cycle high, which is pretty devastating for the "transitory" narrative. The Fed will have to continue to hike rates, putting pressure on broad equity markets, and especially on long-duration assets such as t...

Summary We summarize key data and provide in-depth analysis of the monthly Consumer Price Index (CPI) report released by the U.S. Bureau of Labor Statistics (BLS). All Items and Core CPI inflation both grew at significantly higher rates than expected. This month’s CPI i...

Summary The year-over-year non-seasonally adjusted Headline CPI came in at 8.20%, down from 8.26% the previous month. Investing.com was looking for a 0.4% MoM change in seasonally adjusted Headline CPI and a 0.5% in Core CPI. In the wake of the Great Recession, two percent has...

Summary CPI came in hot, again. The market - so far - anticipates a still more hawkish Fed. We think a 75bps rate rise remains the likely outcome. And we think it's becoming obvious - surely even to the Fed itself - that rate rises and inflation don't have the linkage that...

Summary U.S. small caps have had their worst start to a year ever through September. The valuation on the Russell 2000 Index (last 12 months price/earnings (P/E), excluding loss-making companies) is at a 22% discount to its median historical level and only 8% above its March 2020 ...