SMLE News and Press, Xtrackers S&P SmallCap 600 ESG ETF From 12/13/22

Summary November CPI further confirmed a peak in the CPI time series. The stock market initially celebrated the good news but got stymied by the reality of minimal changes in the outlook for monetary policy. Future CPI reports providing ongoing reassurance of a downtrend should crea...

Summary Top-line inflation fell, sending the major indices higher. S&P 500's rally hides weaknesses in sub-sectors, namely in food and automotive. Stay invested in companies with strong branding power. After falling and then settling below the 4,000 level, the S&P ...

Summary The headline number for November came in at 91.9, up 0.6 from the previous month. NFIB has generally been in decline since June 2021. A decline in Small Business Sentiment was a long leading indicator for the previous two recessions. By Jill Mislinski The l...

Summary The inversion of 80% of the 10 economically important yield curves suggests a recession is likely. While many hope the Federal Reserve will “pivot,” such may not be as immediately “bullish” as many expect. As yields plummet, bond prices rise as in...

Summary PPI is cooling off, due largely to the fact that the big PPI surges from a year ago are being “cut off” in the annual calculation. Core PPI, excluding food, energy and trade margins, rose just 0.3% in November and 4.9% in the past 12 months. ISM announced that its ...

Summary While the downturn in global private sector business activity entered its fourth month in November, employment continued to rise. Those companies that are still hiring are also remarking on the challenges in finding staff, with the PMI Comment Trackers showing reports of labour ...

Summary The S&P 500 (SPX) lost 3.3% of its value in the trading week ending on 9 December 2022, closing the week at 3,934.38. The S&P 500 is 18.0% below its record high peak of 4,796.56 recorded on the first trading day of 2022. The Atlanta Fed's GDPNow tool's projectio...

Summary Recession is foretold, in our view, as central banks crush demand to bring down inflation. We think markets are wrong to expect them to later come to the rescue. U.S. stocks fell and the Treasury yield curve inverted its most since the early 1980s. We see recent moves as reflect...

Summary Avoiding envy, and its associated pitfalls, is one of the simple secrets to a successful investment portfolio. Value once again outperformed Growth in the last week. After closing below the 200-day moving average for two weeks running, the US Dollar seems firmly entrenched i...

Summary Demand destruction is weighing on prices globally as financial conditions tighten. The good news is that headline CPI is set to follow crude lower in 2023. This Wednesday, any dovish nods out of the FOMC could spark a year-end relief rally in risk markets. Demand d...