SPXZ News and Press, Morgan Creek - Exos SPAC Originated ETF From 08/05/22

Given the weight of the evidence from the past decade of market performance, it makes sense that stocks should perform better if the Fed pivots from monetary tightening. The stock market continues to perform when the Fed is lifting interest rates. What is clear is that the time to...

If the economic data comes in too hot, investors will worry about more aggressive tightening by the Fed. If the economic data comes in too cold, investors will worry about recession. The strength in stocks combined with the inverted yield curve is sending a mixed message. Toda...

Economic data just released last week showed the economy contracting by -0.9% in the 2nd quarter after declining -1.6% in the first quarter of 2022. There are plenty of challenging forces surrounding us, including an overhanging recession, that could push you into a depression. &#...

The great majority of reporting companies have met or surpassed their expected financial results. At the time of writing, the S&P 500 has gained about 500 points or 14% from its low in June. The NASDAQ has recovered by about 17%. Increases in interest rates by the major centra...

Initial claims for regular state unemployment insurance rose 6,000 for the week ending July 30th, coming in at 260,000. Weekly initial claims data continue to suggest a tight labor market, though the recent sustained upward trend indicates some easing. Initial claims remain at a v...

Investor sentiment has improved with the weekly survey from the AAII showing over 30% of respondents reporting as bullish. Bearish sentiment is a similar story in hitting the lowest level since the first week of June as it has fallen back below 40%. In spite of those further impro...

I review a "macro" piece that I wrote on SA in early February. I consider the fate of observations and predictions from that effort. I evaluate how various geopolitical and economic components in the overall picture have changed since. I close with my view of how the markets m...

Global economic growth slowed to a crawl in July, according to the latest PMI survey data, led by the developed world falling into contraction for the first time in two years. Emerging market growth as a whole consequently remained broadly resilient at one of the fastest rates seen ov...

The equity-GDP measure at the end of 2021 was at a record high – higher even than the 1929 peak. The decline in the S&P 500 has brought the equity-GDP down to a more attractive level. The 1920s experienced a tremendous increase in productivity. Preparing for a 2020s...

July US Services Purchasing Managers' Index conducted by S&P Global came in at 47.3%, down from the final June estimate of 52.7 and in contraction territory. Tightening financial conditions mean the financial services sector is leading the downturn, with a further steep rise in in...