VTI News and Press, Vanguard Total Stock Market From 06/15/23

2023-06-15 17:58:07 ET Summary Optimism increased and remains above average for the second consecutive week in the latest AAII Sentiment Survey. Neutral sentiment, expectations that stock prices will stay essentially unchanged over the next six months, increased 1.0 percentage poi...

2023-06-15 14:53:49 ET Summary In 1987, the stock market experienced a unique phenomenon known as a "melt-up." In 1987, the Dow Jones Industrial Average at this point year to date was up 25%, while the NASDAQ 100-Index in 2023 so far is up a staggering 37%. The one commonality...

2023-06-15 09:19:22 ET Summary The herding effect in financial markets is strong. Keynes famously referred to the herding effect as animal spirits—literally the natural tendency of investors to act like a herd of animals. The natural herding effect of investors is stren...

2023-06-14 18:11:34 ET Summary The SPDR® S&P 500 ETF Trust is primed to receive support from lower implied risk premiums amid an interest rate slowdown from the Federal Reserve. Credit spreads were already retreating before the Fed's interest rate decision. Moreover, par ...

2023-06-14 15:51:50 ET Summary Are we in a melt-up? Selectively yes. Sentiment suggests we are in the overconfidence phase. This is a dangerous juncture in my view for traders getting swept in the AI narrative of the moment. All truth passes through three sta...

2023-06-13 12:20:24 ET Summary The Fed is expected to hold its policy rate on Wednesday, and all eyes and ears will be on Jay Powell's afternoon press conference. Amid continued bond market volatility and easing inflation indicators, I spot interesting trends in the high-yield cre...

2023-06-13 10:20:14 ET Summary May CPI report shows 11 consecutive months of declining U.S. headline inflation, the longest streak since 1921. Investors are feeling more upbeat about markets, with the S&P 500 Total Return Index up by more than 14% in 2023. Mega-caps are no...

2023-06-13 09:52:47 ET Summary We summarize key data and provide an in-depth analysis of the monthly Consumer Price Index report released by the U.S. Bureau of Labor Statistics. Both All Items and Core CPI were approximately in line with expectations. Excluding volatile items,...

2023-06-13 09:50:43 ET Summary The consumer-price index was up 4% YOY. Though elevated, the rate remains well below the peak reported in June 2022. On a monthly basis, prices rose a seasonally adjusted 0.1%, in-line with expectations. A primary contributor to the rate, shelter...

2023-06-11 23:27:23 ET Summary As the rally continues investor sentiment is turning more bullish but it is not yet at concerning levels. The indication is the rally will continue. The long term Master Sentiment Indicator (MSI) is neutral and indicating a continuation of the curren...