QVMS News and Press, Invesco S&P SmallCap 600 QVM Multi-factor ETF From 10/29/22

Summary Relentless recent pace of strong consumer demand is starting to show signs of flagging, giving strength to the argument that a recession is likely to take place sometime in the first half of 2023. Prices keep going down, which triggers a vicious cycle of yet more selling. ...

Summary The week ahead is important from a macro perspective. The data highlights include China's PMI, eurozone preliminary October CPI and Q3 GDP, and the US employment reports. The October PMI will be reported before the markets open on Monday. The US, eurozone, and UK prelimina...

Summary The macro market narrative has taken precedent over the micro market at present. This is evidenced by the market charging higher even as the “old guard” market leading mega cap tech stocks have failed miserably for the most part. This has caused quite a c...

Summary The S&P500 jumped 4.0% this week, boosting the index’s two-week rally to 8.9%. UK 10-year gilt yields sank 58 bps this week to 3.78%, with yields down 116 bps from October 12th highs. At least for now, markets seem convinced that the global central bank comm...

Summary Politicians and talking heads widely reported that GDP growth shows the economy is fine—nothing to worry about, really—and that we dodged the bullet by avoiding a recession. We’re quite confident that a recession could also have been avoided by another...

Summary The macro charts present a sobering picture that aligns with a beleaguered economy. Investors are witnessing "typical" bear market price action. It's a "market of stocks" when it comes to earnings reports. They have been solid in general, but macro headwinds weigh on l...

Summary The outlook on China stimulus. Bank of Canada slows pace of rate hikes. Q3 earnings season update. On the latest edition of Market Week in Review, Chief Investment Strategist for North America, Paul Eitelman, and Investment Strategy Analyst BeiChen Lin discus...

Summary Will the fourth 75 basis-point rate hike be the last major rise before the Fed downshifts in December? Next week’s FOMC decision is widely expecting a unanimous vote for one last major rate increase. Inflation has hit double-digits and remains the ECB’s numbe...

Summary Midterm elections typically see major stock market rallies. Stocks are currently poised for an extended short covering event. A Fed "pivot" would offer even more incentive for the bulls to push stocks higher. A long-overdue round of short covering is underway in ...

Summary U.S. equities fell more than 9% in September, pushing year-to-date losses to roughly 24%. Only five calendar years have been worse, and three of those were during the Depression. September’s losses brought stock valuations back to the year’s lows, with the S&...