QVMS News and Press, Invesco S&P SmallCap 600 QVM Multi-factor ETF From 11/02/22

Summary For the first time in years, the “real” forward rates depicted are all positive. When the real forward rate is a positive number, it implies that the monetary policy in the medium term is restrictive. Japan has now joined the club of restrictive monetary ...

Summary The U.S. Federal Reserve delivered another supersized 75-basis-point (bps) rate hike at today’s meeting, bringing the federal funds rate to a target range of 3.75%-4.0%. Powell indicated that the Fed would consider slowing down the pace of rate hikes at its next mee...

Summary Even though the market fell to new lows for the year less than three weeks ago, October turned out to be the second-strongest month for US stocks since November 2020. All S&P 500 sectors were positive last month, but energy outpaced the rest of the market by a wide mar...

Summary The only policy actions that could deter a recession would worsen inflation, thus setting the stage for an even worse downturn sometime in the future. One indicator that covers 54 countries shows that almost all are tightening monetary policy. A good reason to expect a...

Summary This earnings season has seen its share of volatility amid macro uncertainty, yet companies continue to engage in and authorize share repurchase programs. Last year was a record in total dollars used to buy back stock, but 2022 looks to take the top spot ahead of the new 1...

Summary The global economy has been hit by several headwinds, almost all of them leading back to higher inflation. Europe is likely already in recession, the U.S. will enter recession in Q2 2023, while China struggles to make recovery headway. Markets have faced up to the reality ...

Summary The last few years have been jarring in numerous ways. They’ve also forced me to reconsider how I help people navigate the financial world. Assessing stock and bond markets over one-year time horizons is silly and it’s a big part of why I’ve become a b...

Summary Halloween is a scary time, and the stock market has experienced a frightening 2022 as well. Given the horrific -19% decline in the stock market (S&P 500 index) this year, arguably much of the current and future dreadful news is already expected and discounted into toda...

Summary Is the Fed ready to consider slowing its pace of rate hikes? Why the Fed will likely stay Hawkish at least for the time being. The Fed is likely to overshoot in its inflation fight for a simple reason: All of its data is backward looking. The U.S. Fed...

Summary It is no surprise that with a retreat of 10-year Treasury yields off the highs of 4.33%, the stock market had a big rebound last week. When it is up to the bond market to decide what happens to stocks, then it is up to Jerome Powell, who will be delivering his FOMC press c...