Why Now: Seizing Opportunities in Small-Caps
Deep dive into the next market regime, shielding against risks, and safeguarding your investments in a highly anticipated webcast featuring Kevin O’Leary, renown investor and TV personality.
World Markets Watchlist: October 2, 2023
Five of the eight indexes on our world watch list posted gains through October 2, 2023. Tokyo's Nikkei 225 finished in the top spot with a YTD gain of 21.71%. The U.S.'s S&P 500 finished in second with a YTD gain of 12.14% while India's BSE SENSEX finished in third with a YTD gain of 7.40%.
Why Are Elephants So Smart and Buildings So Short?
We can and are building much taller skyscrapers. But they are impractical money losers because so much floor space is taken up by elevators. A new book explains the interplay between size and scale, and what it means for our economy and investments.
ISM Manufacturing Index Contracts for Eleventh Consecutive Month
The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) rose to 49.0 in September. The latest figure marks the eleventh consecutive month the index has been in contraction territory after a 29-month period of growth dating back to June 2020. The August reading was above the forecast of 47.7.
S&P Global US Manufacturing PMI™: Slower Contraction in September
The September S&P Global US Manufacturing PMI™ rose to 49.8 from 47.9 in August, signaling only a fractional decline in operating conditions. The September reading was higher than the expected 48.9 reading.
Why Central Banks Will Soon Lend to Hedge Funds
Hedge funds are in regulators’ sights again. Their risk-taking with borrowed money must be better monitored and will sometimes have to be limited, the head of a global group of supervisors told the Financial Times last week.
What Mattered This Week? The Real Economy
Last week was all about financial factors, primarily interest rates. But this week was all about the real economy, notably the United Auto Workers (UAW) strike and the pending government shutdown. Indeed, worries about a recession rose on those two risks.
CPI and PCE: Two Measures of Inflation and Fed Policy
The BEA's core Personal Consumption Expenditures (PCE) Price Index for August shows that core inflation continues to be above the Federal Reserve's 2% long-term target at 3.9%. The August core Consumer Price Index (CPI) release was higher, at 4.3%. The Fed is on record as using core PCE data as its primary inflation gauge.
2 Active ETFs to Help Shield Against Volatility
The S&P 500 has fallen almost 3% within the past month, highlighting the volatility that typically hits at the end of the summer. For volatility through the end of 2023, investors may want to consider two active ETFs from American Century.
Stress Testing the Foundations: Analyzing the Vulnerability of Us Banks To Falling Commercial Real Estate Values
The commercial real estate sector’s continued challenges could potentially impact US banks. Franklin Templeton Fixed Income’s Shawn Lyons discusses the ongoing commercial real estate crisis and how US banks are safeguarding themselves against these issues.
Preparing for the Sunset of the TCJA Tax Relief
Change is inevitable. When those changes involve tax law, it is extremely important for clients to meet with their financial professional, tax advisor, and legal advisor to discuss any adjustments that may need to be made to their financial, retirement, or estate plan.