VTWO News and Press, Vanguard Russell 2000 Index Fund From 02/13/23

Summary The jobs report certainly seemed good, but everyone who’s been doing this a while knows that January is one of the months that often gets revised a lot. Markets have pushed out the recession start date quite a bit over the last two weeks. Eurodollar and SOFR futures - sho...

Summary After years of strong returns, 2022 was the worst year for global equities since the 2008 financial crisis. This trend is evident in the recent increase in securities lending activity, the mechanism which enables short selling. In December 2022 alone, the iShares Russell 200...

Summary Fed anticipates job losses and they usually cut as the job market is transitioning from job creation to job loss. Housing is the most interest rate-sensitive part of the economy. If the Fed needs to hike more than what’s being anticipated that higher dividend will hel...

Summary A mild recession is coming in the US. Unemployment and migration trends are shifting. How will these factors play out across different states and regions? In 2022, 28 states registered a record low unemployment rate, as demographic trends and pandemic-related disruptions continu...

Summary Since 1973, there have been 7 recessions and heavy truck sales fell before each one with a lead time of about 13 months. In the ’73 and ’90 recessions, sales didn’t fall quite 25% prior to recession. Right now, both real and nominal interest rates are st...

Summary Over the past couple of months, we have seen a clear downtrend emerge in the coincident measure of economic growth, suggesting we are on the path to recession. Inflation is also clearly rolling over. However, this is not the case within the labour market nor the services sector,...

Summary In examining the terms growth and value, I now recognize that the two labels should not be given to stocks, but to periods of time when a company is experiencing growth or value. For those of us emotionally connected with stock market prices, there is a tendency to label a ...

Summary The transmission mechanism for higher rates to work on the economy would be through borrowing and lending. A reacceleration in NGDP could just mean an acceleration in real growth. Small caps have outperformed large caps since mid-March 2020 but the ride has been bumpier than...

Summary The most recent NFIB (National Federation Of Independent Business) is sending a strong signal of an economic recession. In 2019, the NFIB survey, combined with an inverted yield curve, suggested an impending recession. In 2020, those signals became a reality. As in 2019...

Summary As economies both in the United States and globally weaken with tighter monetary policies, corporate earnings are coming under greater pressure. Without exception, in the 24 months prior to a recession, large caps outperformed small caps. Higher-quality investments did not m...