SPSM News and Press, SPDR Portfolio Small Cap From 07/11/24

2024-07-11 01:05:00 ET Summary The 10Y is back in the 4.25% to 4.30% area, and looking for an excuse to dip lower. The CPI report will decide, and the expectation is it will provide a route for lower yields (but watch services prices). In contrast to the US, eurozone mark...

2024-07-11 00:30:00 ET Summary Anticipation is high for the release of US CPI data, which is expected to influence market movements, especially the US Dollar Index (DXY). The market has priced in a 71.8% chance of a September rate cut, and if inflation aligns with or falls below f...

2024-07-10 12:40:00 ET Summary In the second quarter of 2024, big tech companies drove the S&P 500 up 4.3%, while the Russell 2000 index of economically representative small and midsize stocks fell 3.6%. The five most expensive S&P 500 companies now make up a record 29% of...

2024-07-10 12:30:00 ET Summary French election: The second round of the legislative election was won by the far-left after the first round had gone to the far-right. UK election: The Labour Party more than doubled their seats in the House of Commons and Sir Keir Starmer is the new...

2024-07-10 10:42:00 ET Summary The diverging trends for the United States' international trade continued in May 2024. For China, the level of trade between the two countries is expected to fall in the months ahead as a new series of the Biden administration's anti-free trade tarif...

2024-07-10 10:05:00 ET Summary We upgrade our macroeconomic outlook based on continued strength in the U.S. economy, but remain cautious on still high inflation. Our expectation for just two rate cuts leaves us committed to quality for the rest of the year, but pockets of opportun...

2024-07-10 08:57:00 ET Summary The headline number for the NFIB Small Business Optimism Index rose to 91.5 in June. Despite being the highest level of 2024 so far, the latest reading marks the 30th consecutive month the index has been below the series historical average of 97.9. ...

2024-07-10 08:31:25 ET Summary Fed Chair Powell warns of two-sided risk facing monetary policy: elevated inflation and risk of recession. The labor market is already signaling a recession, however, the Fed still sees the labor market as "strong, but not overheated". Thus, the ...

2024-07-10 07:00:00 ET Summary The dollar is mostly softer today, but largely within the recent ranges, as the market appears to be waiting for tomorrow's US CPI. A less hawkish Reserve Bank of New Zealand has triggered a sell-off of the local dollar. Global equities are mostl...

2024-07-10 06:25:00 ET Summary Global elections in 2024 are turning out to have more plot twists than a summer blockbuster. While markets appear to be focusing largely on fiscal policy and taxes, the proposed new trade policies are massive in their scope. It is extremely diffi...