PSCI News and Press, PowerShares S&P SmallCap Industrials Portfolio From 12/08/22

Summary Global business conditions worsened in the penultimate month of the year according to the JPMorgan Global Composite PMI, compiled by S&P Global. New order expansions were seen in merely three of the 21 sectors tracked by the global PMI - software & services, pharmaceutic...

Summary Surging stocks show markets believe hopes of a soft landing by the Fed to be true. We disagree and stay underweight developed market (DM) stocks. U.S. stocks jumped and bond yields plunged after October CPI rose less than the market expected. But sticky core inflation keep...

Summary Do corporate earnings disappointments signal a weaker economy and easing inflation pressures, which could end this scary market—or are there more twists to come? When we look in detail at last week’s disappointing third-quarter reports from five of the bigges...

Summary I have said for weeks that the Fed needs to slow the pace of its tightening campaign. Powell apparently decided last week that the market was taking things too far. Corporate earnings are being released for the quarter and, so far, they aren’t that bad. It w...

Summary Resource equities continued to exhibit remarkable resiliency during the quarter, with the S&P Global Natural Resources Index outpacing global equities and global bonds over the 3-month period. Macroeconomic themes mostly continued to dominate all resource equity-relate...

Summary This morning's report on Industrial Production for September shows a 0.38% increase month-over-month. The NBER declared the recent recession to be just two months, ending in April 2020. Retail sales and industrial production are far more volatile than employment and in...

Summary Total industrial production increased 0.4 percent in September to a record high after decreasing 0.1 percent in August. The selected high-tech industries index gained 0.8 percent in September and is up 4.9 percent versus a year ago. Industrial output posted a solid gai...

Summary We expect macro headwinds will continue to pressure U.S. corporate earnings in the coming months. We expect earnings expectations to decline as multinational firms realize foreign exchange headwinds that accelerated over the past year. Investors can avoid undue interna...

Summary Data can easily mislead, but they can also inform. Although the U.S. began consistently to run annual trade deficits in 1976, the negative impact on employment growth that protectionists predict did not materialize. No data or sets of graphs, regardless of how carefull...

Summary Climate change, if left unchecked, will likely have such widespread implications that it could threaten the stability of the global financial system. Tracking the reality of the environmental implications will be critical to companies mitigating risk and capitalizing on op...