SPMD News and Press, SPDR Portfolio Mid Cap From 06/06/24

2024-06-06 10:40:33 ET More on S&P Small Cap 600 Index: 25 GDP-sensitive Small-Cap stocks with low refinancing risk - BofA Small- and mid-caps are set to rebound, looking bottomed out - BMO Read the full article on Seeking Alpha For further details see: ...

2024-06-06 07:35:00 ET Summary The dollar is mostly softer today, ahead of tomorrow's employment report. We suspect ECB officials will try to deliver a hawkish cut, by which we mean, framing the move to avoid the market driving down interest rates. The euro is in the upper end...

2024-06-06 06:40:00 ET Summary Average prices charged for goods and services rose worldwide at a slightly increased rate in May, reflecting persistently elevated services price increases combined with accelerating price growth in manufacturing. Worldwide PMI survey data compiled b...

2024-06-05 20:20:00 ET Summary In May, the S&P Total Return index was up almost +5%, a bounce back and some, but we question the foundation for which this move up is built. According to the folks at S&P Down Jones Indices (link), Q1 earnings per share for the S&P 500 i...

2024-06-05 09:40:00 ET Summary At 50.9, the Global Manufacturing PMI recorded above 50.0 neutral mark for a fourth straight month in April. The latest data signalled an ongoing steady improvement of the global manufacturing economy so far in 2024 after almost one and a half years ...

2024-06-05 08:30:00 ET Summary The month of May continued the bull market trajectory which started back in October 2022 and has now produced positive returns for 4 out of the first 5 months of 2024. This came with enhanced volatility. There are current headwinds, including softeni...

2024-06-05 07:59:00 ET Summary 2024 earnings are off to a strong start with a resilient Q1 earnings season which exceeded analyst expectations for the fifth consecutive quarter. The current earnings growth rate of 8.0% surpassed the start-of-quarter estimate of 5.0%. The Magni...

2024-06-05 07:15:00 ET Summary The yen, which rallied, yesterday, has given back most of its gains and the wage data gave the market second thoughts about next week's BOJ meeting. The Mexican peso, which has been sold aggressively in the face of the strong election showing of the ...

2024-06-05 04:10:00 ET Summary Layoffs and discharges fell for the second month in a row, to 1.51 million in April, seasonally adjusted, the lowest since December 2022 during the labor shortages, and down substantially from the pre-pandemic range. Layoffs and discharges fell to 0....

2024-06-05 03:40:00 ET Summary Currency in circulation grew at a fairly steady pace of 6.6% per year from 2010 through 2019. It then exploded upward in the wake of the massive Covid stimulus spending. Tight inflation has fallen, real yields are relatively high, and interest-sensit...