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Inflation eroded all of the nominal month-over-month gain for American households in May 2022. Political Calculations' initial estimate of median household income in May 2022 is $77,265, an increase of $702 (or 0.92%) from the initial estimate of $76,563 in April 2022. The BEA mad...
Since its all-time high last November, Bitcoin has plunged by about 72%, while stocks have shed 21%. You couldn't find two assets that are more different, yet their prices are moving in apparent lockstep. Does the collapse of cryptocurrencies have something to do with this year's ...
Back in January, I said inflation had peaked. This morning’s Core PCE data seals the deal for me – it looks like inflation peaked in February. Another big theme of mine in recent years was that the Fed was behind the curve both ways. So, defining inflation as an incr...
Regular investments into the market mechanically buys more (less) when prices fall (rise), relieving you of the task of estimating timely moments for investing. History suggests that when the S&P 500 falls 20% from its previous peak, there’s usually more pain to come before...
Spending on services rose in May, but spending on goods fell – all adjusted for inflation. Spending on durable goods continues to be handicapped by the ongoing shortage of new vehicles. “Real” spending on services rose by 0.3% in May from April, and by 4.7% ye...
I looked at 72 years of market data back to 1950. 21 had negative 1st half returns. 51 had positive 1st half returns. What happened in the 2nd half of each group offers some clues about what we can expect in the coming 6 months. The market had a rough 1 st ...
Mass Political Disapproval across the developed world. Yesterday, an analyst named Jim Bianco was quoted in MarketWatch comparing current conditions to 1966. 5yr breakevens have dropped a Full 1% in the last three months – from 3.59% to 2.59%. Einstein once said, ...
Personal income rose 0.5 percent in May, according to data from the Bureau of Economic Analysis. Excluding personal transfer payments, personal income rose 0.7 percent in May and is up 8.3 percent over the latest 12-month period. The fallout from the Russian invasion of Ukraine an...
Initial claims for regular state unemployment insurance fell 2,000 for the week ending June 25, coming in at 231,000. The number of ongoing claims for state unemployment programs totaled 1.286 million for the week ending June 11, a rise of 17,836 from the prior week. Labor shortag...
Seasonally adjusted initial jobless claims came in at 231K which was ever so slightly above expectations of 230K. The four-week rolling standard deviation in claims has fallen below 1 for only the seventh time on record going back to 1967. In the most recent week’s data thr...
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PGIM QMA Strategic Alpha Small-Cap Value ETF PGIM ETF Trust Company Name:
PQSV Stock Symbol:
NYSE Market:
PGIM Investments, LLC announced today plans to close and liquidate the following three ETFs: the PGIM QMA Strategic Alpha Large-Cap Core ETF (PQLC), the PGIM QMA Strategic Alpha Small-Cap Growth ETF (PQSG) and the PGIM QMA Strategic Alpha Small-Cap Value ETF (PQSV). Each fund’...