XYLG News and Press, GLOBAL X FDS From 05/29/23

2023-05-29 04:12:57 ET Summary Year-to-date, the return spread between the market-cap-weighted S&P 500 and its equal-weight counterpart is 10%. Some market participants view the outperformance of large caps as a sign of market weakness. Historically, market cap-weighting h...

2023-05-26 22:00:00 ET Summary The S&P 500 closed this Friday at 4,205 versus last week’s 4,191 despite all the cries of a 'runaway market'. Fed funds futures ended Friday, May 26th, 2023 now show a 70% chance of a 25-basis-point hike on June 14th, 2023, the date of the...

2023-05-25 23:15:00 ET Summary While the S&P 500 is up 8.5% this year, the majority of that performance is being driven by just a handful of the stocks. Traditionally, the equal weight index has performed a bit better because it has what is essentially a smaller cap tilt and e...

2023-05-25 03:00:00 ET Summary The level of the S&P 500 was little changed over the reporting season, despite the relatively larger frequency of positive earnings surprises. All sectors exceeded their sales growth expectations. Companies with strong brands, technological a...

2023-05-25 00:00:00 ET Summary A new extreme in market pessimism was registered last week in the S&P 500 Net Non-Commercial Futures. The current market is a classic price struggle between the ‘voting machine’ vs. ‘weighing machine’. The ‘...

2023-05-23 02:00:00 ET Summary With 95% of S&P 500 companies having reported, Q1 2023 earnings season closes with a final growth rate of -2.2%, officially indicating an earnings recession. The post-peak LERI shows corporate uncertainty rose to the highest level in 3 quarters. ...

2023-05-23 01:00:00 ET Summary Macroeconomic uncertainty presents new challenges for investors who are saving for long-term goals like retirement. Inflation can diminish the ability to save today and the value of those savings tomorrow. Investors may benefit from solutions that se...

2023-05-23 01:00:00 ET Summary The Fed funds rate is currently set in a target range of 5.0 to 5.25 percent, following the most recent rate hike announced earlier this month. Meanwhile, conditions in the equity market have been unusually placid. A report from Bloomberg News on May...

2023-05-22 21:15:00 ET Summary The S&P 500 Index made a new high for 2023 last week while its cousin – the S&P 500 Equal Weighted Index – was actually down for the year at the lows of last week. With Republicans walking out of debt ceiling negotiations last F...

2023-05-22 12:12:00 ET Summary The S&P 500 (SPX) rose 1.65% over its previous week's closing value to end the third week of May 2023 at 4191.98. The biggest market-moving news of the week came on Wednesday, 17 May 2023, after news Western Alliance (WAL) had seen its ...