XYLD News and Press, GLOBAL X FDS From 12/27/22

Summary Technology suffered badly from compares against 2021 results. Currency can impact expenses as well as revenue, and that translation impact on expenses is not always detailed or quantified in an earnings release. The tech weakness and higher Treasury yields are resulting in s...

Summary One does not need to know the news to be able to invest/trade profitably. The market has been holding the support zone I outlined weeks ago. As long as this support holds, I am looking for a rally to 4300SPX. For further details see: Sentiment Speak...

Summary With rising interest rates and inflation, such would seem a logical assumption. 2022 has been one of the worst years for returns from a 60/40 portfolio. The longer-term view suggests recent performance will not continue due to expanding debts and deficits. Investors should h...

Summary The macroeconomic indicators in the US point a picture of doom and gloom. The Fed seems to be aggressive. More rate hikes may cause a recession. My base-case scenario is that it could be quite moderate. There is always plenty of guesswork to be done when it com...

Summary The slow downward progression of Q3 ’23 EPS growth has ebbed considerably, and expected Q4 ’23 S&P 500 EPS growth is actually being revised higher since July 1 ’22. What this is telling us today - and it could very well change - is that the S&P 500&#...

Summary Tesla CEO Elon Musk warned of a serious recession that could cause significant pain for consumers and investors. Will it be enough to turn Fed Chair Jerome Powell's head? Analysts' bottom-up estimates don't expect a recession in 2023, but they have been markedly off-target i...

Summary I expect S&P 500 2024 forward earnings to be $237.2, which in my opinion, should fetch 17.5X, a multiple more in line with 3.5-4%, 10-year treasuries. I also expect S&P 500 earnings to decline by 5% to about $210 in 2023 and then recover by 13% on a smaller base to $237 ...

Summary More interest rate increases are likely to slow the economy in 2023 as the Federal Reserve works to lower inflation. Earnings are likely to take a hit in 2023 as economic activity slows down. I am forecasting a recession for next year. I will also forecast where I think ...

Summary Consumer spending on services jumped by 0.7% in November from October, seasonally adjusted, and by 8.9% from a year ago, according to the Bureau of Economic Analysis today. Spending on services has easily outrun inflation that continues to rage in services, and so this demand fo...

Summary Due to decades of easy monetary policy, the economy is now tightly linked to the growth in asset prices. Namely the stock market and the housing market. When the stock market and housing market falls, this has significant implications for employment, consumption, economic growth...