SMLE News and Press, Xtrackers S&P SmallCap 600 ESG ETF From 10/30/22

Summary With this month's hike, the Federal Reserve would have raised overnight rates by 300 bp while doubling the pace that its balance sheet is shrinking over the past 100 days. The JPMorgan Emerging Market Currency Index stabilized in October after falling by nearly 8.5% in the...

Summary Many investors and traders seem to follow the wrong signs for market direction. The market has been proving its bullish intent of late. The next two weeks are going to test the bullish resolve of the market. It really is entertaining watching people. Whether ...

Summary The more the market rises, the more unlikely it will be for the Fed to signal a change in its policy path. The Fed needs financial condition to remain tight for some time. Rising stock prices help to ease those conditions. Hopes of a dovish pivot are becoming...

Summary Below, we look at three global markets, including two U.S. markets that appear to have incomplete uptrends off the COVID lows. I will also discuss the S&P 500 levels I am watching to confirm a new uptrend, plus I discuss the markets that are setting up to make a new hi...

Summary It was a difficult third quarter, with the S&P 500 down nearly 5%, which added to the painful year-to-date returns investors have experienced across the board. While the market’s expectations have also moved higher regarding rate hikes, they’ve remained a...

Summary Relentless recent pace of strong consumer demand is starting to show signs of flagging, giving strength to the argument that a recession is likely to take place sometime in the first half of 2023. Prices keep going down, which triggers a vicious cycle of yet more selling. ...

Summary The week ahead is important from a macro perspective. The data highlights include China's PMI, eurozone preliminary October CPI and Q3 GDP, and the US employment reports. The October PMI will be reported before the markets open on Monday. The US, eurozone, and UK prelimina...

Summary The macro market narrative has taken precedent over the micro market at present. This is evidenced by the market charging higher even as the “old guard” market leading mega cap tech stocks have failed miserably for the most part. This has caused quite a c...

Summary The S&P500 jumped 4.0% this week, boosting the index’s two-week rally to 8.9%. UK 10-year gilt yields sank 58 bps this week to 3.78%, with yields down 116 bps from October 12th highs. At least for now, markets seem convinced that the global central bank comm...

Summary Politicians and talking heads widely reported that GDP growth shows the economy is fine—nothing to worry about, really—and that we dodged the bullet by avoiding a recession. We’re quite confident that a recession could also have been avoided by another...