PSCM News and Press, Invesco S&P SmallCap Materials ETF From 11/08/21

While gold has bounced, rallying 4% from the fall low, it remains stuck in a range, between $1,750 an $1,850 an ounce. Since the early spring gold’s correlation with U.S. equities has been around 0.4, well above the levels that prevailed last summer. While rising adaptation...

Invesco SmallCap Materials ETF (NASDAQ:PSCM) - $0.0699. 30-Day SEC Yield of 0.57% as of Sept. 17. Payable Sep 30; for shareholders of record Sep 21; ex-div Sep 20. For further details see: as of Sept. 17Payable Dec 30; for shareholders of record Dec 30; ex-div Dec 30.

Small-cap stocks closed out another week of underperformance. The Russell 2000 (RTY) (NYSEARCA:IWM) lost 2.8% on the week. The S&P 500 (SP500) (NYSEARCA:SPY) fell 1.7%, the Dow (DJI) (NYSEARCA:DIA) closed down 2.2%, the Nasdaq (COMP.IND) was off 1.6%, and the Nasd...

Invesco SmallCap Materials ETF (PSCM) - $0.1675.30-Day SEC Yield of 0.53% as of June 18.Payable Jun 30; for shareholders of record Jun 22; ex-div Jun 21. For further details see: Invesco SmallCap Materials ETF declares quarterly distribution of $0.1675

With greater clarity on the sustainability of the economic recovery, we also saw the opportunity set across markets broaden to include sectors beyond those seen as the primary beneficiaries of an economic reopening. As expected, the recovery hasn't been smooth sailing for all, with su...

The expected 21Q1 earnings growth rate is currently 24.2%, which has increased from 16.0% at the beginning of the year. All but two sectors have seen positive revisions to 21Q1 growth expectations since the beginning of the year. In 2021, we expect to see a year of high expectatio...

This is a giant bill, and only 39% of it is for infrastructure. Another 29% is industrial policy, the rest housing, healthcare and labor policy. I provide a detailed breakdown of the bill and the macro context behind it. Opportunities abound. I will follow up in the coming week wi...

On a year to date basis, again, energy is the top-performing sector up 31.7% followed by financials, communication services, industrials and materials. Year to date, technology continues to slip in performance and is now negative for the year down .7%. The economic data also suppo...

In a typical quarter, year-over-year (YoY) growth expectations decline by an average of 3.6 percentage points (ppts) from the start of the quarter to the start of earnings season. However, 20Q4 YoY earnings have increased by 1.5 ppts over this period to -10.3% by Jan. 1, 2021. Con...

In each of the past three calendar years, small cap stocks in the U.S. have lagged their large cap counterparts by roughly 6-7% per year. This trend accelerated even more dramatically in the first quarter of 2020 as small caps underperformed large caps by over 10%-a magnitude larger than any q...