RYE News and Press, Invesco S&P 500 Equal Weight Energy From 04/11/22

The broader equity categories turned in negative results in Q1. U.S. large-cap stocks, as measured by the S&P 500 Index, held up the best at a decline of 4.6%. Bonds performed worse than many of the equity categories, despite typically being viewed as a safe haven investment. In t...

Does the yield curve inversion cause a recession or does it just provide a signal? Is the inversion only about expected future monetary policy? Do other factors also influence the shape of the curve, and if so, can we disentangle the various factors? There is a lot that we don’...

Russia is a key supplier of refined products to OECD Europe, supplying about 39% of total imports according to the IEA. The natural gas market has provided support to middle distillates in two forms. If refiners are unable to increase middle distillate yields significantly, strong...

Inflation expectations have kept the Federal Reserve center stage as they commenced their interest rate rising cycle in March. The war in Ukraine and Omicron’s spread in China impacted inflation and supply chains differently, but both delay supply chain normalization. Regar...

The growing determination of the European Union countries to move away from dependence on imports of Russian oil and gas provides an opportunity for Middle Eastern producers of hydrocarbons. But taking advantage of this opportunity will be somewhat difficult. In the short run, the Gul...

Stock markets fell in the first quarter as Russia’s invasion of Ukraine destabilized the growth outlook, amplified concerns about rising interest rates and unleashed geopolitical risks. While the conflict has created many uncertainties, we believe the impact of persistent infla...

We see the West’s drive for energy security slowing growth, increasing inflation and stoking demand for non-Russian fossil fuels to alleviate consumer pain. Data last week showed U.S. inflation at 40-year highs and a robust labor market. We expect the Fed to deliver on this yea...

SEC's proposed ESG disclosures will help the marketplace to least differentiate between various players through a wider assessment of carbon footprints and carbon shadows. The US and EU have agreed a deal, where the US will supply at least an additional 15bcm of LNG to the EU in 2022....

The magnitude of the war’s impact on growth and inflation will be determined by how much and for how long energy prices rise. The war, economic sanctions and the associated rise in energy costs are likely to exacerbate global shipping impediments, too, which had begun to recove...

Western economies received a rude awakening to the risks of supply chain disruptions and component dependency/deficiency during the Covid pandemic. Sovereigns, businesses, and households today are all highly leveraged. Inflation is likely to be higher than the Fed’s target ...