ESGL News and Press, Invesco ESG Revenue ETF Invesco Exchange-Traded Fund Trust II From 04/10/20

The first quarter was an unprecedented one, as the S&P 500 Index decline was the fastest 30%+ sell-off ever. The market ultimately fell 33.9% from February 19 to its low on March 23, just 23 trading days. This occurred on the back of a strong 2019 where the S&P 500 Index was up 31.5% f...

By Robert Hughes Initial claims for unemployment insurance totaled 6.61 million for the week ending April 4, marking the third consecutive week of massive, record-shattering layoffs, and dwarfing the previous high of 695,000 in October 1982 (see top chart). During the Great Recession in 20...

This recession may well end up being worse that the Great Recession. But it probably doesn't have to be: The recession will certainly be deeper than the Great Recession, indeed it probably already is. But deeper doesn't mean worse. The recession may have to be worse than the Great Recess...

Jobless claims were forecast to come in at 5 million this week, which actually would have been a significant improvement from last week. Instead, claims came in much higher at 6.606 million, while last week's number was revised up even higher to 6.867 million. That 261K decline over the past w...

One reason for the record-setting stock market crash we witnessed in the first quarter was a rapid reappraisal of the earnings situation for the S&P 500. As I noted here back in January, stocks were discounting about a 30% jump in earnings growth over the coming six months, a pretty herc...

As shown below, the 23% rebound in equity prices since March 23 has returned the S&P 500 to a shortlist of the least attractive valuations in history at 19x forward earnings estimates, and equal to the market top on February 19. Canadian equity valuations have followed along for the ride. ...

Given the big rally off the lows of late March, we've had a number of questions related to the VIX and why it remains high. As of Tuesday afternoon, the VIX was in the mid-40s, which is very high relative to readings over the last decade but actually down significantly from its recent highs ab...

This article is based on an economic forecast webinar . The United States is in recession now, the sharpest decline in our nation's history. (We don't have sufficient data from the 1700s and 1800s to verify that, but it seems quite probable.) The most likely path is a V that turns l...

Economic Composite I updated my economic composite to reflect the release of the U.S. Labor Department's employment report on April 3. The report showed a decline in nonfarm employment of 701,000 in March. The number was far weaker than the consensus estimate of a loss of 100,000. Preliminar...

I'll be frank. I'm not a big fan on sentiment data analysis. I do find that a contrarian approach can be very helpful, but too often market participants tend to look for data that can be spun to formulate a "smarter than thou" outlook. Sentiment data, in particular, tends to be interpreted to ...