Fed's preferred inflation measure shows slowest monthly increase since 2020 (3 min read)

The Personal Consumption Expenditures (PCE) Index, a Fed’s favored inflation gauge, rose 3.5% year-over-year and 0.1% on a monthly basis in August, the slowest monthly growth since late 2020. Despite remaining above the 2% target, the data aligns with cooling inflation trends. Markets now give a 67.2% chance that the Fed won't raise rates again this year.

Euro zone inflation fell to 4.3% in September, lowest level since October 2021 (2 min read)

As US data shows inflation on a cooling trend, the same occurred in Europe as well. Eurozone annual inflation fell to a new two-year low of 4.3% in September, down from the 5.2% last month. The European Central Bank (ECB) recently made a dovish rate hike with a suggestion that it might be sufficient to address inflation in the medium term. The ECB currently projects an average inflation of 5.6% in 2023, falling to 3.2% in 2024 and 2.1% in 2025.

UAW set to expand strike at Ford, GM - UAW president (3 min read)

The United Auto Workers (UAW) will extend the strike to an additional plant at General Motors (GM) and Ford, bringing the total number of workers on strike to 25,000. The strike will not include any additional members at Stellantis for now as talks are ongoing with potential progress. These walkouts have now entered its third week, and while the effects have been limited, it may escalate to bigger financial hits for these automakers.

Bill Ackman would ‘absolutely’ consider Elon Musk’s X for his new investment vehicle (2 min read)

Hedge fund billionaire Bill Ackman is reportedly interested in pursuing a deal with Elon Musk-owned X Corp. as part of his newly approved investment vehicle, Pershing Square SPARC Holdings. This special purpose acquisition company (SPAC) targets private companies looking to raise $1.5 billion or more, and potentially take them public. Ackman mentioned that X could be one of the options considered, although it's uncertain if the tech company is interested.

ESG ETFs fail to shine over past 10 years (4 min read)

Despite claims since 2020 that ESG could deliver outperformance, recent data shows that ESG ETFs have marginally underperformed traditional peers. The analysis found that average annual returns for ESG ETFs were 0.2% lower than non-ESG ETFs. While ESG ETFs did outperform in 2020, it was outweighed by the underperformance in other years. However, some suggest that the small underperformance could be due in part to fee differentials.

10 Most Actively Traded ETFs of Q3 (5 min read)

High trading volume is an indication of relevancy and investors’ attention - both good and bad. This article highlighted the top 10 US-listed ETFs by trading volume over the past three months.

What is sector rotation and how does it work? (3 min read)

As the name suggests, sector rotation involves moving between sectors to align with economic cycles. It’s a strategy commonly used to shift a portfolio from defensive to offensive in growth periods and vice versa in slowdowns. This article discusses more about sector rotation in depth, the current trends to follow, and how to leverage sector ETFs for easier rotations.

The Younger-Than-40 Millionaire Club Is Rewriting The Investing Rule Book (4 min read)

Young wealthy Americans, aged 21 to 42, are diversifying their investments beyond traditional stocks. A recent report shows that 40% of their assets are allocated to unconventional avenues like digital assets, real estate, and fine art. They also hold about a third of their assets in cash, with 17% waiting for the right investment opportunities and 31% securing their desired lifestyle.

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