USVM News and Press, USAA MSCI USA Small Cap Value Momentum Blend Index From 03/29/24

2024-03-29 04:58:00 ET Summary Corporate pre-tax profits in all non-financial domestic industries combined jumped by 5.6% in Q4 from Q3. The BEA’s measure of corporate profits tracks profits from current production by all businesses that have to file corporate tax returns, ...

2024-03-28 22:03:34 ET Summary M2 money stock has been declining since spring 2022, but over the past four years it has shown a massive amount of growth. Long-term growth of M2 money stock is historically large at a compound 8.0% annually, despite recent declines. Money seems ...

2024-03-28 15:10:00 ET Summary Although the S&P 500 is ending the week little changed (as of this writing it is trading 7 bps higher today), yesterday's gain came in at a more impressive 86 bps. Besides the size of the move higher was that the gain occurred on very strong brea...

2024-03-28 09:35:00 ET Summary In the US 2024 presidential elections, President Biden will stand for re-election, while former President Trump will challenge him. Several notable third-party (or “no-label”) candidates will also be on many state ballots and could prove di...

2024-03-28 07:44:00 ET Summary Comments by Fed Governor Waller, urging patience on rates and wanting more evidence that price pressures are moderating, has helped the greenback extend its recent gains. Japanese officials are clearly signaling its willingness to intervene in the fo...

2024-03-28 03:46:36 ET Summary The current investor fixation on the FED and interest rates overlooks the fact that almost everyone is already bullish, leaving few buyers to drive stock prices higher. Two indicators, the low short position of money managers in S&P 500 futures a...

2024-03-28 02:25:00 ET Summary Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. The decrease in Money Supply occurred in February. February was a very modest drop o...

2024-03-27 11:58:00 ET Summary Growth of the US economy continues to slow, but recession is elusive, though the risk of recession is rising. The outlook for the Fed seems to range from as many as seven rate cuts to as few as three. Growth of the US economy continues to slow, b...

2024-03-27 07:25:00 ET Summary The dollar neared JPY152, setting a new 34-year high and this appeared to spur a senior official meeting in Tokyo, ostensibly to talk about the response. Most of the G10 currencies are softer against the dollar but the yen. Most emerging market c...

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...