RFV News and Press, Invesco S&P Midcap 400 Pure Value From 02/28/23

Summary The National Bureau of Economic Research takes time to define periods of economic expansion and contraction - and they do so in hindsight; equity markets are not trading based on these characterizations. The low degree of difference between the S&P 500 Index and the WisdomTr...

Summary When the market peaked in January 2022, everyone was exceedingly bullish, and no one was looking for a 20% decline. Retail investors have sharply increased their equity allocations over the last couple of months, dropping their cash holdings sharply. From a contrarian viewpo...

Summary AIER’s Everyday Price rose 0.93 percent in January, following a decline of 1.3 percent in December 2022. On Friday, February 10, the US Bureau of Labor Statistics updated the weights of the consumer price index constituents to reflect changes in consumption activity. ...

Summary Inflation was hot in January. This is putting the Fed on a path to raise rates well above 5% in 2023. The equity market appears to have wrong on disinflation. To no surprise, CPI proved to be hot in January on a month-over-month basis, rising by 0.5%, in line with expe...

Summary While the rest of America was gearing up for the Super Bowl Sunday, the Bureau of Labor Statistics revised Q4 inflation numbers higher on Friday. This is actually huge news. Preprogrammed algos bought billions in stock off of November and December CPI off of faulty assumptio...

Summary Has recent strong data changed the fundamental economic and market outlook, or just the timeline? A stronger January than December should not come as a surprise, given the diminished China- and energy-related headwinds the global economy now faces. We also know that monetary...

Summary A week of rest and consolidation has set up volatility next week as key data will be released. "Higher for longer" rate expectations are gaining traction but would be discouraged by a disinflationary CPI report. Key technical levels to watch in the S&P 500 in the week ah...

Summary CPI is expected to see a big jump in January month-over-month. Recent revisions showed that inflation was running hotter than was previously thought. Inflation swaps, bonds, options suggest that CPI could come in hotter than expected. The upcoming February 14 Consu...

Summary After years of strong returns, 2022 was the worst year for global equities since the 2008 financial crisis. This trend is evident in the recent increase in securities lending activity, the mechanism which enables short selling. In December 2022 alone, the iShares Russell 200...

Summary After having collapsed in November 2022, U.S. imports of goods produced in China shrank again in December 2022. Trailing-twelve month average combined value of goods traded between the U.S. and China was below a counterfactual trajectory based on the recovery of trade between th...