SPMD News and Press, SPDR Portfolio Mid Cap From 05/20/24

2024-05-20 01:23:30 ET Summary The Federal Reserve has been conducting quantitative tightening for over two years, reducing its securities portfolio by over $1.6 trillion. The M2 money stock has increased at a compound annual rate of 6.9% over the past four years, indicating exces...

2024-05-19 16:00:00 ET Summary The S&P 500 is back in blue sky at new all-time highs. Next week's call looks easy - everything is bullish and the rally should continue. However, we should guard against complacency. A dip should hold 5264. But what if it doesn't? ...

2024-05-18 09:51:12 ET Summary The Fed has a 2% inflation goal for the US economy, but the meaning of this long-term goal is unclear. The long-term average for inflation is actually slightly above 3%, contradicting the Fed's 2% goal. Only a small minority of people are aware o...

2024-05-18 07:00:00 ET Summary Edward Yardeni, President of Yardeni Research, has been - and remains - bullish on the stock market given a Federal Reserve that will likely retreat to the sidelines, strong consumer spending, and a solid growth outlook. Jose Torres, Senior Economist...

2024-05-17 13:00:00 ET Summary Buffett’s cash and short-term investments (read T-bills) exceed $189 billion as of Q1, 2024. The problem with the valuation dilemma is that historically, such has preceded market repricings. With the current market capitalization-to-GDP ra...

2024-05-17 07:05:00 ET Summary The dollar's recovery begun yesterday has extended into today's activity. Japan's markets were mixed, but South Korea, Taiwan, and Australian and New Zealand shares fell. The spring EC forecast recognized that fragile recovery is taking hold in t...

2024-05-17 01:00:00 ET Summary Following a run of stronger-than-expected inflation prints, S&P Global Market Intelligence analysts now expect an initial rate cut by the Federal Reserve at December's meeting. Forecasts of initial policy rate reductions have been pushed ba...

2024-05-17 00:00:00 ET Summary The U.S. Bureau of Labor Statistics (BLS) nonfarm payrolls has averaged monthly gains of over 233k over the past year. By all standards, that is a healthy number, especially considering the federal funds rate has been above 5% over that same time per...

2024-05-16 12:30:00 ET Summary The move shows central banks aren’t waiting for the Federal Reserve to cut rates, and it indicates confidence that the European Central Bank will cut in June. The Eurozone Services Purchasing Managers’ Index hit an 11-month high in Apri...

2024-05-16 11:20:00 ET Summary Wednesday’s CPI report was a big relief for the Fed after 4 consecutive upside surprises. The key metric was core CPI, which came in at 3.62% year over year vs last month’s rate of 3.8%. The problem is, inflation is almost exactly i...