SQLV News and Press, Legg Mason Small-Cap Quality Value ETF From 07/09/24

2024-07-09 02:05:00 ET Summary Last Wednesday, ADP announced that 150,000 new private payroll jobs were created in June, but those jobs were not very broad-based. ADP’s balanced jobs report, as usual, is probably closer to the truth than the more widely heralded Friday jobs...

2024-07-08 22:32:12 ET Summary Sentiment indicators strongly support our January forecast of an August top in the market. Investor sentiment drives stock prices more than economic data. The Master Sentiment Indicator, and four other sentiment indicators, all show extreme level...

2024-07-08 15:20:00 ET Summary What is notable today is the magnitude of the difference in return between some of the various indices. On a year to date basis, the S&P Midcap 400 Index is up just 4.94% as of July 5, 2024, and the Russell 2000 Index of small company stocks is u...

2024-07-08 14:35:00 ET Summary The S&P 500 and Nasdaq Composite Index rose to fresh record highs on Friday. The latest jobs data helped add to bullish sentiment. Along with other recent reports, Friday’s one suggests the economy is cooling without collapsing. That is re...

2024-07-08 12:29:50 ET Summary The US housing market has been facing a record inventory crisis, but the situation is changing rapidly. Inventory is very tight in the existing home market but loosening quickly in the new construction market. As a larger share of new constructio...

2024-07-08 12:08:11 ET Summary Fed Chair Powell testifies this week in a highly charged political atmosphere. The Fed is on a hot seat and will be pressed to defend both its position on inflation as well as on unemployment developments. Unemployment is rising among some groups...

2024-07-08 11:30:00 ET Summary Right now, second-quarter earnings reports may be a better guide to the economic outlook than official statistics. Looking one, two or three months into the past is unlikely to help investors prepare for the future. If there is weakness in the jo...

2024-07-08 08:35:00 ET Summary The S&P 500 had a strong week to start the calendar quarter for 2024-Q3. The GDPNow tool's forecast for real GDP growth rate in 2024-Q2 has more than halved over the past two weeks. The CME Group's FedWatch Tool forecasts the Fed will hold th...

2024-07-08 07:55:00 ET Summary The S&P Global US composite PMI was a little less than expected but above 50 at 51.6 while the ISM manufacturing PMI was slightly less than expected at 48.5. Construction spending, which has been an economic bright spot for at least the last year...

2024-07-08 07:05:00 ET Summary The dollar is narrowly mixed against the G10 and emerging market currencies today. The euro is little changed, holding on to last week's gains, after the surprising French election results. The Japanese yen has given back its initial gains, and t...