VEA News and Press, Vanguard FTSE Developed Markets From 02/01/23

Summary The energy sector has been red-hot for much of the past year, but there are still pockets in this corner that remain battered, at least in relative terms. There are no guarantees that the so-called value premium, no matter the definition, will generate superior performance anyti...

Summary Traders are clamoring for a Fed pivot and have upped their bets on massive interest rate cuts and the return of QE and money printing. The S&P 500 has pushed back above 4000 while the 10-year Treasury yield has plunged from 4.2% to about 3.4%. Meanwhile, the Fed has sign...

Summary China’s reopening, lower energy prices and cooling inflation reinforce our long-term positive view on equities. Yet, we think market optimism has come too soon. Stocks paused their rally and bond yields steadied after recession worries returned. We think we are starting t...

Summary For the twelfth straight month, mutual fund investors were net redeemers of fund assets, withdrawing $94.1 billion from conventional funds for December. Fixed-income funds (-$53.0 billion) witnessed net outflows for the fourth consecutive month, while money market funds (+$86.9 ...

Summary Strains are building, and the U.S. will likely enter recession in the second half of 2023. By then, Europe will likely be emerging from recession, while China and Emerging Asia may be enjoying a COVID-reopening-inspired recovery. Segments of the inflation basket will soften rapi...

Summary Each year, several thousand business leaders, politicians, and journalists convene in the ritzy mountain town of Davos, Switzerland for the World Economic Forum. Part media spectacle and part secret bacchanalia, Davos features wild predictions about the future, crazy afterpartie...

Summary Pacer Global Cash Cows Dividend ETF holds 100 large cap dividend stocks in developed countries. GCOW is a well-balanced fund across countries and sectors. Yield, valuation, and dividend growth are attractive. Returns since 2016 are underwhelming, but the GCOW ETF has out...

Summary Markets may be underestimating the stickiness of inflation and central banks’ determination to beat it - and what that means for growth and corporate earnings potential. We favor fixed income and credit over equities, and investment grade over high yield. Should infla...

Summary After enduring one of the worst years on record across asset classes, investors should find more cause for optimism in 2023, even as the global economy faces challenges. Inflation is likely to moderate, and risks to the inflation outlook appear more balanced than they did severa...

Summary The reflation trend appears to be peaking, based on the ratio for an inflation-indexed Treasuries ETF vs. nominal Treasuries. Within the US equities market, risk-off continues to show strong persistence in terms of the broad market vs. low-volatility stocks. US value stocks ...