|Bid||111.830 x 500|
|Ask||111.840 x 1900|
|Day's Range||111.630 - 111.885|
|52 Week Range||111.280 - 115.460|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.20%|
Is Volatility Set to Drop Further after Stock Market Rebound? US bond markets found some relief in the week ending February 16, as bond yields retreated from their multiyear high at the end of the week. The issue that was squeezing bond investors hasn’t gone away. The inherent risk of rising yields still exists, and last week’s respite could prove to be temporary at least for bond markets.
The U.S. Bureau of Labor Statistics releases a monthly report that tracks the price trends in wholesale markets. Industries from the manufacturing sector (XLI) are surveyed for changes in input prices, and the survey data are then used to construct the Producer Price Index (or PPI). The survey consists of questions that determine the changes in raw material prices, production levels, and finished goods.
The CPI (consumer price index) measures the changes in prices at a consumer level. The CPI is the weighted average price of a basket of goods and services at the consumer level. The CPI includes food, medical care (XLV), transportation, housing, apparel, recreation, education and communication, and other goods.
Inflation has been the specter looming behind the market correction, and just how much of a threat it is could become more apparent in the CPI report.
The “Job Openings and Labor Turnover Survey” (or JOLTS) data for December was reported on February 6 and contains information about job openings and total separations. The total number of separations include layoffs, retirements, and voluntary quits. As per the latest JOLTS report, total separations for December were 5.2 million, which is 3.6% of the total workforce.
The Bureau of Labor Statistics (or BLS) released the “Job Openings and Labor Turnover Survey” (or JOLTS) data for December on February 6. The JOLTS data comes from a monthly survey on job openings, number of new employees hired, number of employees who have quit or asked to leave, and other job separations. The JOLTS report gives insight into labor demand from industries.
Could Gold Catch a Bid if Equities Stay Weak in 2018? The Federal Reserve has long been expecting inflation to pick up. Its targeted 2% inflation rate has been eluding it for more than five years, but the latest US jobs report indicates that inflation could finally get a boost.
What Triggered the Stock Market Panic This Month? Events that led to the decline of stock markets in the last two sessions don’t reflect the strength of the US economy nor the performance of the underlying companies. The US Fed has been suggesting three rate hikes through its dot-plot projections and it re-emphasized this at the January meeting.
What Triggered the Stock Market Panic This Month? Since the onset of the current euphoric rise in stock prices after the US elections, the bond markets have remained somewhat muted. Until recently, the ten-year bond yields have been hovering near the 2.5% mark, around 20 basis points higher than the 2016 average of 2.3%.
The recent rout in the equity market was fueled by concerns over rising interest rates, which could increase costs for the industry. Investor anxiety about rising rates was triggered by comments from San Francisco Fed president John Williams on Friday, February 2. During his speech, Williams said he envisioned three or four hikes this year, and investor anxiety escalated further after the non-farm payrolls report indicated impressive job gains in January.
In the FOMC’s January statement, the committee said that information received since the last meeting indicated that the US economic activity has been increasing at a solid pace. Also, the labor market has continued to strengthen. The economic outlook remained positive—taking the gains in employment, household spending, and business (VOO) investment into account.
What Boosted the Leading Economic Index in 2017? The Conference Board LEI (Leading Economic Index) is expected to use only forward-looking indicators in its economic model, but there’s one exception to this condition. The consumer expectation for business conditions is derived using expectations, rather than any economic indicator.
What Boosted the Leading Economic Index in 2017? In its December meeting, the US Federal Reserve increased the federal funds rate by 0.25%, just as markets expected. This led to the narrowing of credit spreads between long-term and short-term yields, resulting in a flattening yield curve.
What Boosted the Leading Economic Index in 2017? The Conference Board LEI (Leading Economic Index) uses the level of new orders in the consumer goods and materials as an important constituent of the LEI. A decreasing level of new orders is a worrying signal for the economy, as the level of retail sales act as a forward indicator for job growth at retail establishments and for companies manufacturing these products.
Did US Consumers Increase Spending in 2017? Personal consumption expenditures (or PCE), as defined by the Bureau of Economic Analysis (or BEA), is the value of the goods and services purchased by, or on the behalf of, people who reside in the United States. The US Fed considers the PCE inflation rate when making monetary policy decisions, as the PCE inflation (CPI) reflects the actual increase in prices for consumers.
Did US Consumers Increase Spending in 2017? The Bureau of Economic Analysis (or BEA), which is a part of the US Department of Commerce, releases a monthly report on personal income, disposable personal income, and the personal consumption expenditures of US consumers. 2017 has been a strong year for consumers helped by a tightening labor market, which led to an increase in salaries in the private sector.
Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On this day 21 years ago, the U.S. Treasury introduced the first Treasury Inflation-Protected ...
The CPI (consumer price index) measures the price changes at a consumer level. The PPI (producer price index), which we discussed in the previous part, tracks the prices at a wholesale level. The CPI is a weighted average price of a basket of goods and services at the consumer level.
The U.S. Bureau of Labor Statistics releases a monthly report that tracks the price trends in wholesale markets. The manufacturing industries (XLI) in the US are surveyed to collect the required data to construct the PPI (producer price index). The changes in raw material prices, production levels, and the finished goods inventory are recorded in this report.
The “Job Openings and Labor Turnover Survey” (or JOLTS) data for November was reported on January 9 and contains information about job openings and total separations. Total separations include quits, layoffs and discharges, and other separations. As per the latest JOLTS report, about 3.2 million American workers quit their jobs voluntarily in November.
The Bureau of Labor Statistics (or BLS) conducts a monthly survey on job openings, new employees hired, employees who quit or asked to leave, and other job separations. The BLS released its “Job Openings and Labor Turnover Survey” (or JOLTS) data for November on January 9. As per the January JOLTS report, there were 5.9 million job openings at the end of November.
Average consumer expectations for business conditions form the only component of the Conference Board LEI (Leading Economic Index) that is not a leading indicator. Consumer expectations are based on two…...