QVMS News and Press, Invesco S&P SmallCap 600 QVM Multi-factor ETF From 01/06/23

Summary The job data suggests the Fed continues to raise interest rates. The ISM data suggest the economy is heading for recession. The equity market still thinks bad news is good news, which is wrong. The December jobs data suggests the Fed's path to higher rates remains on t...

Summary In this article, we discuss a rather bullish job report for December. Job gains and wage growth were strong, yet not too strong to pressure the Fed more than needed. Unfortunately, economic growth is slowing, while inflationary wage growth remains an issue. The Fed knows this an...

Summary Will a decent payroll report be enough to save this rally? The market is caught between a rock and a hard place, but we could see a substantial move soon. I remain cautious, and implementing hedges seems wise here. The next few trading days should be interesting, but we ...

Summary The rate of job growth continues to decelerate, but not to the extent that it undermines the expansion. Wage growth fell sharply to 4.6% and the workweek shrank for a second month in a row. This alleviates upward pressure on inflation and give the Fed more reason to pause it...

Summary Initial claims dropped all the way down to 204K this week. Although both initial and continuing claims had strong showings, there is the caveat that the current period was smack dab in the middle of the holidays. Continuing claims improved falling to 1.694 million instead of...

Summary Last year was one best forgotten when it comes to equity returns. While large drops often indicate a rebound in the following year, 2023 is fraught with some early challenges. Chief among those challenges is the increasing probability of a recession. This is making investors ver...

Summary The market's sentiment profile is near historic lows by some measures. Contrarian principle says expect a major relief rally in 2023. S&P tends to significantly outperform in pre-election years. Investor sentiment is about as bummed out and bearish as one could...

Summary The S&P 500 has seen some choppy price action heading out of 2022 and into 2023, and that has seemed to have sent shivers down the spines of investors. Only 20.5% of respondents to the weekly sentiment survey run by AAII reported as bullish this week. Although bullish se...

Summary The U.S. monthly international trade deficit decreased in November 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The goods deficit increased $15.3 billion in November to $84.1 billion. The headline number of -$61.5B was better than the -7...

Summary The massive Deficit down-spike in March fully reversed and has continued reversing sharply in the latest month after a brief hiatus. Even with the recent drop in November, the YTD deficit is still at all-time highs. The falling trade deficit is a result of falling imports no...