XYLD News and Press, GLOBAL X FDS From 05/09/23

2023-05-09 01:45:00 ET Summary The latest rake hike from the Federal Reserve is behind us, and we are left to wonder if Jerome Powell overdid it yet again, this time on the tightening side. Powell’s Federal Reserve overstimulates to the upside and then overtightens to the d...

2023-05-09 01:00:00 ET Summary As we exit the peak period of earnings season, we review the S&P 500 2023 Q1 earnings season in more detail, providing both aggregate and company-level insights. As highlighted in our 2023 Q1 Earnings Preview last month, analysts set the bar lowe...

2023-05-08 16:44:00 ET Summary In the trading week ending on Friday, 5 May 2023, the S&P 500 ended the week at 4136.25, down just 0.8%. The biggest market-moving news of the week was the Federal Reserve's quarter-point rate hike. The CME Group's FedWatch Tool anticipates t...

2023-05-08 09:05:00 ET Summary The increase in the Q1 ’23 S&P 500 EPS estimate since 3/31/23 shows a big jump and reflects an “upside surprise”. There has been an improvement in “expected 2023” sector growth rates: Consumer Discretionary has ...

2023-05-07 04:05:00 ET Summary Whenever the dominant investment narrative shifts, asset correlations tend to change as well. Conditions shifted abruptly with the Silicon Valley Bank failure. Suddenly, inflation seemed less of a threat and investor fears pivoted back towards recess...

2023-05-02 02:20:00 ET Summary Better-than-expected results in big tech lifts S&P 500 EPS growth for Q1 2023, now set to come in at -3.7%. Potential earnings surprises this week: Marriott International. Names to watch during the second peak week: AAPL, SBUX, BUD, AMD, UBER...

2023-05-02 01:25:00 ET Summary Interest rates continue to drive markets, with central banks walking a fine line between taming inflation and avoiding recession. The Fed isn’t quite finished with the tightening cycle yet, even as the market remains optimistic that rates will...

2023-05-01 11:20:00 ET Summary After the gradual erosion in S&P 500 EPS and revenue “upside surprises” in 2022, Q1 ’23 is breaking the trend and EPS has come in much stronger than expected. If you simply watched “price action” you’d th...

2023-05-01 09:02:00 ET Summary The S&P 500 ended the week at 4169.48, rising 0.9% over its previous week's close. The CME Group's FedWatch Tool anticipates the Fed will hike the Federal Funds Rate by a quarter point to a target range of 5.00-5.25% at its upcoming meeting on 3 ...

2023-04-29 04:00:00 ET Summary The S&P 500 EPS upside surprise rate is way strong in Q1 ’23. There is only one sector that isn’t beating the estimates and that’s Real Estate with a -0.9% downside surprise rate. No question the bearish expectations head...