SPMD News and Press, SPDR Portfolio Mid Cap From 05/27/24

2024-05-27 03:55:00 ET Summary The market has had another week of indecision, trying to make up its mind whether to cheer another blowout earnings quarter by NVIDIA, the darling of one-day options punters, or worry itself into a corner over comments by Fed officials speculating about ...

2024-05-27 03:32:00 ET Summary Today’s unemployment and inflation environment is a far cry from what it was in the 1980s' stagflationary years. Median stock market volatility in year four of an election cycle is essentially the same as it is in years one and three. Chin...

2024-05-27 03:25:00 ET Summary The flash PMI data for May from S&P Global brought encouraging news on economic growth, with output of the combined manufacturing and service sectors rising across the four major developed economies - the 'G4' - at the fastest rate for a year. Am...

2024-05-26 16:00:00 ET Summary The S&P 500 held the 5264 re-test of the March high. However, the "engulfing" bar from Thursday is a danger sign, last seen at a 52-week high in July 2023. 5257 needs to hold for bulls to stay in control. Last weekend's article ...

2024-05-26 06:15:00 ET Summary Rising interest rates, inflation risk, and a stronger dollar have continued to trend higher in recent weeks. The spread between the 2-year and 10-year Treasury yields has fallen below -40 bps, potentially indicating a further inversion of the yield c...

2024-05-25 09:30:00 ET Summary Stronger than expected data and hawkish FOMC minutes lifted US rates and the dollar, while the market reduced expectations of ECB easing. Sterling remained resilient despite weak economic data, but rate expectations were impacted by stronger than exp...

2024-05-24 20:30:00 ET Summary This week, the S&P 500 closed at 5,304.72, while the close last week was 5,303.27. The forward 4-quarter estimate for the S&P 500 dropped a little this week to $252.61 from last week’s $252.93. The P/E ratio this week is 21x vs. 21...

2024-05-24 18:40:00 ET Summary The “Magnificent Seven” became the “Magnificent One” - Nvidia. The Fed minutes trigger a market collapse on no new news. When in doubt, return to the Covid playbook. My guess the reason to be primitive AI...

2024-05-24 09:45:00 ET Summary It is widely known that markets can be influenced by economic data releases that deviate significantly from consensus. We have quantified the impact of economic surprises on the US government bond market for different tenors, as measured by the quint...

2024-05-24 07:35:00 ET Summary The dollar is paring yesterday's advance that was spurred by the rise in US rates following the preliminary PMI. Asia Pacific and European equities have sold off in the wake of yesterday's slide in the US. The Canadian dollar was the weakest of t...