EWMC News and Press, Invesco S&P MidCap 400 Equal Weight From 11/12/22

Summary The Federal Reserve, the European Central Bank and the Bank of England will all undershoot the current market discount for terminal rates, but we should get quite close to the tops that the market expects. The energy crisis in Europe adds to bond supply pressure as economi...

Summary Credit market rallies most in two years as inflation abates. The Semiconductors jumped 10.2% during Thursday's session, the Nasdaq Computer Index 9.0%, the Nasdaq100 8.4%, and the Bloomberg REIT Index 7.1%. The Goldman Sachs Short Index surged 10.9% Thursday, with a tw...

Summary The S&P 500, which fell to a year-to-date low of minus 25 percent in the middle of October, built the magnitude of its recovery back by nearly ten percent, and is now down just 16 percent from January. We do not see much in the way of surprises ahead from the big direc...

Summary The market had a stunning reaction to the CPI number this week, with one of the largest gap openings on record (to regular session hours), and a historic uptrending day on Thursday. In this case, the minor “improvement” on CPI could effectively be a rounding ...

Summary Federal Reserve Chairman Jerome Powell stepped to the podium at his most recent press conference and delivered a very clear message: The market should expect rates to remain higher for longer. Yes, inflation remains the chief concern for markets and the economy right now, ...

Summary While the U.S. economy has absorbed tighter financial conditions so far, it doesn’t mean it will continue to do so. The bullish expectation is that when the Fed finally makes a “policy pivot,” such will end the bear market. While that expectation is no...

Summary Highlights from the U.S. October inflation report. U.S. midterm elections update. Do markets prefer congressional gridlock? On the latest edition of Market Week in Review, Chief Investment Strategist Erik Ristuben and Sophie Antal-Gilbert, Head of AIS Portfol...

Summary After a round of soft inflation data triggered a buy-everything relief rally, Wall Street will focus on Fed speak and a plethora of data points that might show the economy remains resilient. It’s a relatively quiet week for the EU with the two standout economic rele...

Summary The current economic conditions index dropped to 57.8 versus 65.6 in October. The one-year inflation expectations bounced up in early November, rising to 5.1 percent. Pessimistic consumer attitudes reflect a confluence of events, with inflation leading the pack. ...

Summary Inflation still looks set to remain high and the Federal Reserve remains on track to continue raising interest rates. The stock market surged and Treasury yields fell sharply. Despite encouraging inflation news and future estimates, uncertainty remains high about how f...