XYLG News and Press, GLOBAL X FDS From 06/12/23

2023-06-12 12:20:00 ET Summary The S&P 500 is entering "extreme overbought" territory, with its earnings yield dropping towards 5%, a level that usually signals a need for a correction. Fundamentals and technicals are aligning to tell investors the S&P 500 is getting exten...

2023-06-09 00:26:00 ET Summary US labor market shows signs of deterioration beneath the surface, with a divergence between the establishment and household surveys in the jobs report. Consumption may face headwinds from higher earners losing jobs, tightening lending standards, and ...

2023-06-07 11:00:00 ET Summary In January 2023, there were only two components of the S&P 500 (SPX) whose market capitalization exceeded one trillion dollars. As of the close of trading on Friday, 2 June 2023, there are now four. The membership of the S&P 500's trillion do...

2023-06-07 06:20:00 ET Summary The yield of the U.S. high yield market, as measured by the ICE BofA U.S. High Yield Index, has been in the 8-9% range for much of the last year, and was close to 9% as of May 31, 2023. A number of sophisticated investors understand that the potentia...

2023-06-06 10:00:00 ET Summary We can visualize the outperformance of the mega-capitalization stocks by looking at the spread between the market capitalization and equal-weighted indices. As noted in last week’s post, the absolute versus relative performance of the S&P ...

2023-06-05 22:32:14 ET Summary The S&P 500's trend is constructive on daily, weekly, and monthly timeframes, indicating market participants are interpreting the fundamentals in a favorable light for future economic outcomes. The primary fundamental drivers in June 2023 include...

2023-06-05 13:55:00 ET Summary The S&P 500 experienced its best week, rising over 1.8% as it entered June 2023, reaching its highest level since August 2023. Two major news events contributed to the positive increase: the Federal Reserve's announcement of hiking rates in June ...

2023-06-05 09:21:27 ET Summary I see a potential broadening of the stock market rally, driven by the S&P 500 Index, making a bullish case for the summer. The performance of FANG stocks and the Invesco S&P 500 Top 50 ETF indicate a top-heavy market, but I see potential for ...

2023-05-30 15:14:00 ET Summary The S&P 500 index rose 0.3% during the fourth trading week of May 2023, despite concerns over inflation and potential rate hikes from the Federal Reserve. Nvidia's earnings report and outlook sparked a speculative surge in information technology ...

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...