VUSE News and Press, ETF Series Solutions Trust Vident Core US Equity From 09/22/22

Summary The U.S. Federal Reserve delivered its third straight 75-bps rate hike on Wednesday. Based on the Fed's updated economic projections, the growth outlook is for a weaker economy over its projection horizon versus its June update. We know policy works with a lag, and inf...

Summary The Fed's forecast for rate hikes was more hawkish than expected. Even the usually implied volatility melt didn't help to lift stocks. The S&P 500 could probably fall to around 3,100. After several attempts to rein in the stock market, the Fed may have figure...

Summary Consumer spending strongly rebounded in 2021 following the lifting of 2020's government-mandated pandemic lockdown measures. The Consumer Expenditure Survey breaks down the average annual expenditures of U.S. household consumer units into major categories of spending. ...

Summary The median one-week performance of the S&P 500 from the close on 9/20 over the last ten years has been a decline of 95 bps, which ranks in just the fourth percentile of all days of the year. Extending out to look at the S&P 500’s median one-month performance...

Summary The Inflation Reduction Act includes a controversial 1% excise tax on share repurchase programs that goes into effect next year. Wall Street Horizon’s corporate event data show a downtick in total buyback announcements this year after a 2021 surge. Investors mus...

Summary After several years of steady growth and low inflation, policymakers now face a delicate tradeoff between bringing down inflation or sustaining economic growth amid heightened macro and market volatility. We expect the Fed to remain committed to aggressive rate hikes. ...

Summary In a time of uncertainty, we believe that quality is the key to investing in equities. But to consistently find companies that meet high-quality standards requires research, judgment and investing skill. In this paper, we identify the characteristics that can help guid...

Summary Increasing risks of an economic slowdown or recession are likely to have a negative impact on the largest state revenue sources. The financial position of most states in fiscal 2022 was favorable in the aftermath of significant federal aid due to the pandemic, as well as t...

Summary The recent August print showed that consumer prices continued to rise year over year – albeit more slowly than prior months. We have remained a bit more cautious than the market’s consensus inflation expectations. We’re not convinced that inflation...

Summary Implied volatility levels have surged over the past two days for the S&P 500. This means the equity market could rally due to a mechanical unwind of volatility. However, this is not likely to change the bearish outlook for stocks. The S&P 500 ( SP50...