SMLE News and Press, Xtrackers S&P SmallCap 600 ESG ETF From 11/08/22

Summary Government transfers and COVID savings have allowed consumers to spend beyond their means, which has contributed to inflation and high corporate profits. Consumers are rapidly drawing down COVID savings and will need to reduce spending in the near future. This will eas...

Summary Today is Election Day. Since WWII, there has been a mid-term election cycle for the S&P 500 that commences in October and gains strength in November and December, so we should be just at the start of an impressive year-end rally. Above and beyond the special events awa...

Summary It's all about the history you don't know. We have been this way before, and rates and inflation were much worse. Historical fact does not matter. pessimism reigns supreme. Blood in the streets + horrible sentiment + attractive valuation = Time to be greedy. ...

Summary Rate hikes continue. Will the economy land softly? Based solely on the labor market, a soft landing is possible. But risks hide in dark corners. There was a soft economic landing in the early 2000s, but markets landed harshly. I believe history will rhyme. Some try...

Summary I was getting increasingly bearish starting November 2021. This was because the NASDAQ Composite hit a new high in November, which was not followed by the other two indices. Currently, the index flashing caution is the S&P 500, which on down days flirts with its histor...

Summary Global climate adjustment is falling behind in meeting the targets of limiting temperature rise to below 2 degrees Celsius and reaching net-zero emissions by 2050. Developing economies vulnerable to climate change are likely to undertake concerted calls for "loss and damag...

Summary The mistake of the 1970s was that, by overtightening, the Fed created a deep drop in economic activity that necessitated the subsequent rapid cuts. Hiking too fast, not allowing time to see the effect of past rate hikes, is exactly how the Fed ends up overtightening in jus...

Summary After rallying 9% off the October 12 bottom, the market pulled back last week but still sits 5.4% above the low point. Commodities are trouncing all other major asset classes on a YTD basis, largely due to the rise in oil, natural gas, and agricultural prices. The newe...

Summary The trend for the dollar and the 10-year Treasury yield is still up but, as I said last week, both appear to be hitting a short-term peak. US stocks were down last week but non-US stocks had a great week. The selloff in the dollar Friday goosed non-dollar returns by nearly...

Summary BlackRock’s top investment leaders came together at the Outlook Forum. The upshot: the new regime is not about to change, and we need a new playbook. Stocks slid and yields rose as the Federal Reserve delivered another mega rate rise and signaled it would need to ta...