EWMC News and Press, Invesco S&P MidCap 400 Equal Weight From 01/14/23

Summary Market divergence between bulls and bears in 2023. Are markets listening to what central banks are saying about interest rates? Why perception may be worse than reality when it comes to market sentiment. There appear to be widely differing views on what 202...

Summary A classic "blood in the streets" moment has arrived with mass layoffs. Investor pessimism is at 20-year highs by some measures. High short interest is a powder keg waiting to explode in the bulls' favor. One of the perverse ironies of the investing world is that wh...

Summary The current backdrop is also saddled with regulations. Add in rising interest rates, and that makes for a difficult investment scene. The NFIB small business report confirms that and sums it up nicely. This is a bad economy. The "technical" view of the market presents an unc...

Summary It will be a busy week filled with a wide range of economic indicators, lots of Fed speak, and earnings season heats up. The run-up to the February ECB meeting is going to bring immense focus on incoming data and central bank speak. So it turns out the UK may have just about...

Summary Most asset classes generated a negative return last year. Despite declines in December, asset classes were largely positive in the 4th quarter. One cannot predict stock market bottoms, but the market pullback in 2022 is creating an environment maybe like 1982, i.e., an oppor...

Summary I still maintain that inflationary pressures peaked in June and will continue declining - I expect core-goods deflation in 2023. The month-over-month headline inflation rate actually came in negative 0.1% for December – the first time in over two-and-a-half years. The...

Summary The preliminary January results from the University of Michigan Surveys of Consumers show overall consumer sentiment improved for the month but remains low. The current-economic-conditions index rose to 68.6 versus 59.4 in December. The overall levels of consumer sentiment m...

Summary In this post, we provide our key assumptions and outlook for 2023. We are relatively more optimistic than most, as we believe that we are already in the mid-late innings of this downturn. We believe that stabilizing interest rates will provide a base for valuations and expec...

Summary The SPX has recovered by nearly 15% from the extreme low of around 3,500. Since the bottom, price action and the technical image are improving. Moreover, several constructive fundamental factors could propel the rally to new highs. We can reassess the SPX, market conditi...

Summary Inflation is moving down. Fed actually has a more preferred measure of core inflation, which is core Personal Consumption Expenditures. The Fed is saying that a shallow recession basically is on the horizon. In our latest "Talking Markets" podcast, we meet with r...