SMLE News and Press, Xtrackers S&P SmallCap 600 ESG ETF From 10/16/22

Summary Stocks squeezed higher following a massive opening drop following the CPI report. However, that all reversed on Friday with the absence of the mechanical bid. Bonds have priced in a nearly 5% Fed Funds rate. It was another rough week for the stock market, wit...

Summary After a bumpy year, 2023 could prove to be even more challenging for global goods trade with consumer demand faltering, oversupply returning, and the energy and subsequent inflation crisis persisting. So far this year, global merchandise trade has held up extremely well gi...

Summary Americans paid more money in September than expected, according to the Bureau of Labor Statistics. The CPI reports are having a negative effect on trading, crypto, and the bullion markets since analysts predict that the Fed will become more aggressive toward its monetary p...

Summary The Consumer Price Index report for September came out yesterday. We may get a further taste of the current trend with the bank reports coming out soon. What is happening now in the economy and financial markets is cyclical, and the thing about cycles is, they pass. ...

Summary The fed funds rate has move up sharply. Yet, the fed funds rate is still low. The Fed funds rate is far below current inflation marking Fed policy as still stimulative- stimulative - after 300bp of rate hikes - unprecedented. The road ahead may be much bumpier than...

Summary Let's for a moment abandon the pretense that securities pricing has any relationship to earnings, GDP growth, or any other number exogenous to securities themselves. With the blinkers off we can now consider the question of - what the Dickens just happened? We explain ...

Summary The October Preliminary Report came in at 59.8, up 1.2 (2.0%) from the September Final. Consumer sentiment is essentially unchanged at 1.2 index points above September, in spite of a 23% improvement in current buying conditions for durables owing to an easing in supply con...

Summary The September inflation report was hotter than expected. Yet the stock market staged a historic intraday reversal with very bullish precedents. That could be a sign that markets are starting to look forward to better days ahead. Yesterday saw a stunning rever...

Summary Monetary policy is now tight relative to recent decades. The ultimate impact of this is uncertain due to the amount of global debt. Fiscal policy is likely to be at loggerheads with monetary policy as governments try to protect the voter base from hardship. While marke...

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...