TUSA News and Press, First Trust Total US Market AlphaDEX ETF From 04/25/22

Only one major asset was up last week: REITs. There were some negative developments that might explain the selling. With the drop in commodities and fears about the impact of the China slowdown, the immediate effect should be for inflation and growth expectations to moderate. We didn&...

Historically, a recession followed when 50% or more of the tracked yield curves became inverted. Every time. Interestingly, many of the data points suggesting the “economy is booming” are lagging indicators subject to significant negative revisions in the future. Eve...

The invasion of Ukraine is an inflationary shock to an already inflationary system. The International Energy Agency has warned that the impact on oil supply will peak only from May onwards. Since the war broke out, core government bonds have suffered sustained price declines unsee...

With a little over 100 S&P 500 companies having reported Q1 results so far, the consensus estimate for earnings per share growth for the quarter is now 6.6 percent, up from 4.5 percent just three weeks ago. The improved profitability outlook would seem to be good news for anyone w...

The market is pricing in 50 bps rate hike at the next two meetings. This is a bit quicker than it would like and indicates that the Fed, who thought inflation was transitory, is now behind the curve and more likely to spin the economy into a hard landing. The higher that stocks go, th...

S&P 500 rolls over as both growth and value are hit hard late in the week. IPO activity has dried up while the equity put:call ratio spikes. Insider buying also stalls, but buybacks still expected to be strong. For further details see: Weekly S&P 500 ChartStorm -...

Investors seem to believe that Jerome Powell, Chairman of the Federal Reserve, is intent on raising the Fed's policy rate of interest and shrinking the Fed's balance sheet. As long as investors continue to think this way, the stock market will decline. Mr. Powell and the Fed are f...

Historically reliable macro indicators signal growth for the U.S. economy. Our leading indicators weakened slightly during the past month but do not signal an imminent recession yet. Sustained bear markets in equities unfolded in recessions only. The S&P 500 remains on tar...

Commercial paper yields are increasing. The Beige Book was mostly positive. The charts are setting up for move lower next week. For further details see: Next Week Is Not Looking Too Good (Technically Speaking For The Week Of 4/18-4/22)

Between the rising cost of living from inflation and higher taxes (in many countries), households are squeezed. The stand-off between Russia's payment scheme now that it cannot spend the euros due to the sanctions and Europe's reluctance to play ball will likely come to a head in the ...