USVM News and Press, USAA MSCI USA Small Cap Value Momentum Blend Index From 03/27/24

2024-03-27 01:05:00 ET Summary The BOJ’s decision to end negative interest rates is turning out to be a “best possible scenario,” in my view, representing a vote of confidence in the Japanese economy but with extremely gentle normalization in the offing. SNB b...

2024-03-26 20:00:00 ET Summary Today, the Fed released the February money supply data, and there were no unwelcome surprises. M2 continues to shrink relative to the economy, and that's the reason inflation is likely to continue to fall. Currency in circulation, which represent...

2024-03-26 14:15:00 ET Summary We think it's more likely than not that the U.S. avoids a recession in 2024, but economic uncertainty remains high with the economy running at full capacity, household savings diminishing, the labor market slowing down, and the U.S. Treasury yield curve ...

2024-03-26 11:05:00 ET Summary Durable goods orders are a good lead indicator for broader capex spending in the US. Unfortunately, ongoing weakness here suggests investment spending will remain a constraint on overall growth, with the US’ 2024 economic prospects being deter...

2024-03-26 09:15:00 ET Summary The roaring US stock market has delivered red-hot gains in recent history but at the expense of future returns. The pushback is that artificial intelligence and related technology innovations have changed the calculus. From a calculated risk pers...

2024-03-26 09:10:00 ET Summary Technical measures and valuations all suggest the market is expensive, overbought, and exuberant. However, none of it seems to matter as investors pile into equities to chase risk assets higher. A recent BofA report shows that the increase in ris...

2024-03-26 01:35:00 ET Summary A number of readings on CEO sentiment, including our own Late Earnings Report Index (LERI), seem to be indicating that executives are feeling more certain about corporate growth prospects. The LERI ended the Q4 2023 earnings season (data collected in...

2024-03-26 00:45:00 ET Summary We see falling inflation, nearing interest rate cuts and solid corporate earnings supporting cheery risk sentiment. We tweak our tactical views and stay pro-risk. U.S. stocks hit record highs last week and 10-year yields fell as the Fed stuck with pl...

2024-03-25 23:27:42 ET Summary The Fed's rate cuts and new monetary policy have influenced the S&P 500 Index and investor sentiment. The Fed's extended policy tools include long-term POMOs in addition to short-term OMOs. The market reflects expectations of lower interest r...

2024-03-25 23:25:00 ET Summary Something does not compute with the dollar. It is showing bottoming-action, delivering another “golden cross”. A stronger dollar has preceded, or coincided, with sell-offs in the stock market and other risk assets, as the dollar is gene...