USVM News and Press, USAA MSCI USA Small Cap Value Momentum Blend Index From 04/05/24

2024-04-05 07:05:00 ET Summary Every firm is expecting rate cuts anticipating a recession but there is no recession in sight. Employment has been rising with some believing the numbers are manipulated because they believed the PMI was literally screaming recession. Expectation...

2024-04-05 05:40:00 ET Summary Worldwide PMI survey data compiled by S&P Global found average prices charged for goods and services to have risen globally at the fastest rate for ten months in March. The main area of stubborn price pressure remains the service sector, which re...

2024-04-05 05:30:00 ET Summary Share repurchases and dividend payouts are the two primary vehicles that companies use to return value to shareholders, and both saw meaningful increases in Q1. Buyback announcements for the first quarter of 2024 clocked in at 228, the highest level ...

2024-04-05 05:15:00 ET Summary As bond yields continued to grind higher on the back of a still-resilient economy and upside risks to inflation, equity markets have seen a rotation in leadership. YTD, US equities have been led by momentum, quality, and growth. While we acknowle...

2024-04-05 03:15:00 ET Summary The PMI from the Institute of Supply Management seems to rule the roost of investor psychology. The media and investors hold the PMI in high regard, along with the LEI from The Conference Board. Net/net, individual investors are much better at bu...

2024-04-04 16:25:00 ET Summary Too many companies with solid earnings growth haven’t been rewarded in narrow equity markets. That may be about to change. The market’s resilience reflects a potential turning point for equity investors, in our view. Our research in...

2024-04-04 14:20:00 ET Summary The broadest measure of economic activity, growth in real GDP, slowed in the fourth quarter. The U-3 unemployment rate has edged higher from last April (3.4 percent) to February (3.9 percent). In a no-landing scenario, the unemployment rate would...

2024-04-04 10:36:26 ET Summary Market and economic forecasts that predict a burst in bubbles or no rate cuts by the Fed are the mortar used to build the wall of worry. The ADP payroll report showed an increase in jobs and pay, but the overall trend still suggests a softening labor...

2024-04-04 04:40:00 ET Summary I think the Great Financial Crisis did something nasty to our perceptions of the world - it reset our expectations permanently lower. In the last few years, RGDP has averaged just 2.2%. More recently, GDPNow is expected to come in at 2.8% based o...

2024-04-04 03:25:00 ET Summary Inflation pressures remain quite subdued; disinflation is still in place. The market continues to harbor a long-ingrained reflex that says that in order for inflation to decline, the economy needs to weaken. Low and declining inflation and modera...