EWMC News and Press, Invesco S&P MidCap 400 Equal Weight From 10/18/22

Summary Global GDP growth is still expected to be positive in 2022 (excluding Russia) but is expected to fall fairly dramatically in 2023. The U.S. Q3 2022 earnings season has just begun, and the outlook is for lower but still positive revenue and earnings growth. Inflation wi...

Summary Bear markets create opportunities for much greater and much faster profits than bull markets. So far in 2022, investors have sold everything, especially in recent months: stocks, bonds, gold, currencies, real estate, art, etc. This is common to the way that bear markets be...

Summary At the beginning of 2022, our most reliable stock market valuation measures stood at record levels, beyond even their 1929 and 2000 extremes. In our evaluation of market conditions, it’s useful to consider market conditions from the standpoint of multiple time horiz...

Summary Equities attempted a rebound from the initial knee-jerk plunge in the wake of yet another consensus-beating U.S. CPI print last week. But the S&P 500 fell 2.4% on Friday, finishing the week with a 1.8% loss. It is difficult to see anything but pain in equities as long ...

Summary A mood of gloom hangs over markets and retail investors. Bearish commentators raise anxiety in already-skittish market participants. The pessimism is overdone. Investors should look past the negative commentary and stick to a strategic plan. Introduction: T...

Summary As has been the case in recent weeks, the stock market finds itself in a position where various technical factors, market internals, positioning and sentiment are suggesting this sell-off may be overdone and a short-covering rally due. While the ‘pain trade’ ...

Summary An imminent recession is predicted by Bloomberg probability models that now forecast a 100% likelihood of a US recession hitting by October 2023, up from 65% for the comparable period in the previous update. Record rate hikes in 2022 have rendered the most negative 10-year...

Summary During the first nine months of 2022, the S&P 500 lost a quarter of its value, while the Nasdaq fell by a third. So, are equities now undervalued? To be certain, the ratio of the S&P 500’s market cap to GDP has fallen from 180% to around 140%. By this measur...

Summary Greenspan activist monetary policies were upped by Bernanke's "Wealth Effect". The Fed's balance sheet has expanded tenfold since the financial crisis of 2008. We have come full circle, back to fighting inflation. With 8% inflation, 4% interest rates still look hig...

Summary PPI and CPI numbers came out last week, and both were higher than expected. Fed officials are concerned about the persistence of high inflation, and a 0.75% key interest rate hike at the November FOMC meeting is virtually certain. Worldwide demand for crude oil naturally r...