SPSM News and Press, SPDR Portfolio Small Cap From 07/12/24

2024-07-12 04:12:00 ET Summary US CPI has settled down to rate-cut territory. First May, now June. Ahead July, and if that’s in the same vein, Treasuries can continue to anticipate cuts from the Fed. The ECB will unlikely commit to a September cut next week, but will al...

2024-07-12 03:50:00 ET Summary US economic growth has been good, but it could have been so much better had businesses not been as cautious on investment. Economic and political uncertainty and high borrowing costs appear to be the main reasons for businesses not wanting to put mon...

2024-07-12 00:15:00 ET Summary Inflation cooled for a third straight month in June, dropping to its lowest level in a year. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index fell to 3.0% year-over-year, while core CPI cooled to 3.3%. ...

2024-07-11 22:55:00 ET Summary The June CPI reading puts the Federal Reserve (Fed) on the path for a September rate cut. June’s number shows a broad weakening in price pressures and is a convincing and consistent sign that inflation has resumed its downward path. Headli...

2024-07-11 13:36:00 ET Summary Companies will be updating their annual revenue and earnings guidance, providing tangible outlooks for the U.S. and global economies. The FOMC’s outlook for inflation has become more uncertain, despite the need for more certainty about inflati...

2024-07-11 13:20:00 ET Summary In June 2024, the AIER Everyday Price Index declined 0.17 percent to 290.4. The largest monthly price increases among EPI constituents occurred in tobacco and smoking products, recreational reading materials, and housing fuels and utilities. The ...

2024-07-11 07:20:00 ET Summary The unemployment rate rose to 4.1%, its highest level since November 2021. The closely watched headline unemployment rate is a calculation of the percentage of the civilian labor force, age 16 and older, that is currently unemployed, which rose to 4....

2024-07-11 06:50:00 ET Summary The focus today is on the US CPI report - Another soft reading is expected, and it may strengthen ideas of a Fed cut in September, which ostensibly give it time to cut again before the end of the year. The dollar is trading with a softer bias against...

2024-07-11 05:50:00 ET Summary The SP500 vs PMI, IndPro from Feb 1977 demonstrates the consistency of investor fears vs declines in the SP500 and the many recoveries large and small since. The PMI often declines when there is no decline in IndPro (Industrial Production that it is ...

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...