ISCV News and Press, iShares Morningstar Small-Cap Value ETF From 01/27/23

Summary Inflation will continue as the hot story of 2023, and it may have a surprise in store very soon. The Fed appears to be blind to serious problems in the labor market. As a result, its crushing down of the economy could counterintuitively make inflation worse by the end of the...

Summary As we look to 2023, we don’t believe a recession is inevitable as many do; a soft landing is within the realm of reason, or at the very least, a no landing, as was the case in 2022. We’ve long held to a proprietary investment approach which postulates that three cy...

Summary The S&P 500 is very expensive on a PE multiple basis. The index is also very expensive relative to the 10-year rate. This is for earnings growth that is deteriorating. The next leg of the bear market could be here, as investors begin to turn their attention awa...

Summary After a 3.0% expansion in 2022, world real GDP is now projected to increase 1.9% in 2023, up from last month's forecast of 1.6% growth. Monetary tightening, cooling demand, and supply chain resilience are driving disinflation. Declines in industrial commodity prices are now movi...

Summary Tightening monetary policy drove rising 10-year Treasury bond yields and pressured equity valuations in 2022. Interest rates will drive the market environment, to some extent, according to our U.S. growth and core equity and U.S. value equity teams. Given the lagged impact, ...

Summary Reserve provisioning by banks against the likelihood of further deterioration in their consumer and small business loan portfolios. Analysts’ earnings estimates are finally catching up to the market, which decided already in 2022 that conditions were headed south. The...

Summary Looking at the most recent readings of many economic indicators, nowcasting gives a more up-to-date reading of the economy than gross domestic product. The weakest US sector is housing. Building permits have been on a downward trend for much of 2022 and dropped again in December...

Summary ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. The pro-cyclical tilt of our portfolio helped the S...

Summary AVUV is a systematic ETF targeting small-cap value and profitable stocks. Factor investing may provide higher expected returns and diversification. The fund offers superior factor exposure over its peers. Superior performance comes at the cost of steep drawdowns and concentr...

Summary Falling wages reduce the odds of a 1970s style outcome. The biggest lesson for me was the sheer uncertainty of the future. We keep threatening to default on ourselves over a self-imposed constraint that doesn’t actually constrain anything. Here are some thin...