ESGL News and Press, Invesco ESG Revenue ETF Invesco Exchange-Traded Fund Trust II From 02/17/20

Here are some things I think I am thinking about: 1) Is there another stock market bubble? Over the course of the last 6 or 7 years, I have consistently shot down the idea that there is a stock market bubble (see here and here for example). My view of a bubble is pretty simple. It is...

In September 2017, when the Trump Administration began promoting the idea of tax cut legislation, I wrote a series of articles discussing the fallacy that tax cuts would lead to higher tax collections, and a reduction in the deficit. To wit: "Given today's record-high levels of de...

The December JOLTS report came out this morning, and it continues the streak of confusing employment data. To recapitulate, the JOLTS report decomposes the jobs numbers into openings, hires, quits, layoffs and discharges, and total separations. Since the series is only 20 years old, however,...

Overnight news that showed the number of confirmed coronavirus cases has spiked sent a negative tone rolling through markets today, but generally speaking, sentiment surrounding the issue has improved, which has been reflected in higher prices for risk assets. Given this, the percentage of res...

I have written about the value of the Hindenburg Omen as a technical stock market signal several times over the past few years. To summarize, while an individual signal has very little value in forecasting a stock market crash, as some seem to suggest, a cluster of signals can be valuable in...

In Tuesday's release of the Job Opening and Labor Turnover Survey (JOLTS), job openings declined 364,000 to 6.4 million. This is a decline in openings from a high level of 7.6 million reached in November 2018. The blue line in the below chart represents hires in December, and this line continu...

When's the Fed going to kill the expansion? Given that it's all so long ago, it's a bit of a struggle to remember what actually causes most recessions. That being that the Federal Reserve deliberately creates them. The reason it's so long ago is that we're at the end of a decade and more o...

Some inflation is good and necessary to keep the economy moving. Good inflation is just enough money supply to keep the economy growing at an acceptable pace, which in the U.S. is about 3% annual growth in Gross Domestic Product ((GDP)). If the economy slows down, the Fed can stimulate by ...

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All expansions end at some point An old phrase is that economic expansions don't die of old age. Something happens to bring them to an end. Perhaps, as last time it's the spillover from the collapse of a speculative bubble. Or more normally, inflation rears its ugly head and the Fed stamps o...