QVMS News and Press, Invesco S&P SmallCap 600 QVM Multi-factor ETF From 12/13/22

Summary Demand destruction is weighing on prices globally as financial conditions tighten. The good news is that headline CPI is set to follow crude lower in 2023. This Wednesday, any dovish nods out of the FOMC could spark a year-end relief rally in risk markets. Demand d...

Summary Rumors were out on the Street that someone was liquidating positions and it caused a wave of selling that overwhelmed the options market. Privately traded REITs and private equity funds in general are in for a heap of trouble. Bear markets with recession fall an average of 3...

Summary Overall, I think the markets had gotten to peak hawkishness and people were under-positioned because they were expecting a more and more hawkish Fed. This may be the tightest labor market, quite frankly, we’ve seen in five decades. This is the first proper recessionar...

Summary Are we seeing the beginning of a reversal in the decline in stocks, and rise in yields, which have haunted investors this year? If the rebound in equities continues into Q1, it’s possible that leading indicators will flip, offering more convincing support for the idea of ...

Summary The Fed’s mandate is stable prices and maximum employment. For now, employment, wages and inflation momentum are still too strong to warrant a Fed pivot. If Powell and the Fed fail to tame inflation, then their heads are on the chopping block. They know this and they will...

Summary Market is providing us the pullback I was expecting. The news will continue to misdirect investors. As long as support is held on this pullback, I am looking for signs of the next rally to 4300SPX. Some people never learn. And, when it comes to the market, I would ...

Summary Core inflation is well known to suffer from serious lag effects. The largest of these is associated with Owners' Equivalent Rent, which is 40% of the index. Average rents are a lagging indicator, since leases typically last a year or more. As a result, core inflation reported to...

Summary I'm sticking with 4300 as my target by year-end. China is reopening, so higher oil, and natgas prices. Since the bulk of S&P profits is energy related is a plus. PPI is actually still in a downtrend, and I have good reason to believe that the CPI will behave differently sinc...

Summary We enter the Fed's interest rates decision week with November's CPI print on tap on December 13. All eyes will be on Powell's press conference on December 14. We discuss why market strategists positioning extreme pessimism augurs well for the US equity markets moving over the ne...

Summary While it’s not exactly the best of times for services industries, they are holding up relatively well. The recent equity market rally appears to have more to do with the anticipation of less aggressive U.S. Federal Reserve policy than with resilient economic data. The...