VEA News and Press, Vanguard FTSE Developed Markets From 12/13/22

Summary China’s inflection point began with the easing of access to credit in the property sector in October 2022. If the International Monetary Fund’s forecasts for resilient EM economic growth in 2023 prove to be correct, this should have a positive effect on revenue tre...

Summary While it’s been a tough year, the Federal Reserve has done investors an enormous favor in terms of the attractiveness of a wide swath of fixed-income asset classes that today look a lot more attractive than a year ago. Jay Powell and the FOMC did raise the Fed funds rate ...

Summary Expectations surrounding central bank policy, China’s gradual reopening and a lower US dollar are key to investor sentiment in the final stretch of 2022. Central banks have increased interest rates at the fastest rate on record, and there are signs that higher yields are ...

Summary The percentage short position by asset managers on October 11th was the highest since 2016. The short position by dealers on September 13 was the lowest in history. These two seemingly contradictory events combine to indicate the start of a new bull market. Data ...

Summary The era of cheap money and low inflation is over. We see an opportune time for active equity managers to shine. We believe the recent correction is more than just another crank of the economic cycle. Not all earnings are created equal. We find the gap between companies...

Summary Surging stocks show markets believe hopes of a soft landing by the Fed to be true. We disagree and stay underweight developed market (DM) stocks. U.S. stocks jumped and bond yields plunged after October CPI rose less than the market expected. But sticky core inflation keep...

Summary The major asset classes continued to recover in the trading week through Friday, Nov. 11, based on a set of ETF proxies. The lone exception: a broad measure of commodities. Property shares are prized for relatively high payout rates and so prices in this corner of risk ass...

Summary After rallying 9% off the October 12 bottom, the market pulled back last week but still sits 5.4% above the low point. Commodities are trouncing all other major asset classes on a YTD basis, largely due to the rise in oil, natural gas, and agricultural prices. The newe...

Summary Expected long-run returns for most of the major asset classes continue to look relatively attractive after this year’s market declines, based on updates of models run by CapitalSpectator.com. Today’s revised estimates, based on numbers through October, show (...

Summary US stocks led the October bounce. Vanguard Total Stock Market Index Fund surged 8.1%. Commodities posted the second-best performance in October for the major asset classes, rising 6.2%. The Global Market Index recovered in October, registering its first monthly gain si...