RZG News and Press, Invesco S&P Smallcap 600 Pure Growth From 08/31/22

Summary The Consumer Confidence Index from The Conference Board rose in August, the first increase following three consecutive monthly declines. The composite index increased by 7.9 points, or 8.3 percent to 103.2. From a year ago, the index is still down 10.4 percent. Both co...

Summary The Rule Of 20 says the bear market may just be resting despite much commentary to the contrary. With the Federal Reserve reversing that monetary accommodation, such poses a very significant, and likely unrealized, risk to investors. The rule peaked at the 2nd highest ...

Summary The Bull Case: A pullback into the 4165-4020 region. We then need to see the market hold this region and then turn back up to make one more high. The Bear Case: if we fail to make a new high above SPX 4330 and fall below the 4020 region then 2023 is likely setting up for a...

Summary Interest rates will move higher and remain in restrictive territory for longer than the market currently expects. The length of time required to drive inflation to low and stable levels remains uncertain. The Federal Open Market Committee expects the pace of rate incre...

Summary On 26 August 2022, Fed chair Jerome Powell spoke at the annual Jackson Hole Economic Symposium. His forceful language and deliberate references to the lessons of history laid to rest any hope that the Fed will shift away from its tightening strategy. Equity markets respond...

Summary The latest inflation data suggests that although the rate of rising has slowed, inflation is not going away just yet as the post-pandemic and war in Ukraine era evolves. Therefore, even though there are still reasons to own certain stocks in this market, the pickings may b...

Summary On January 3, 2001, the Fed chair cut the Federal Funds Rate from 6.5% to 6.0% in response to a declining stock market and weak economic activity. Today, the stock market has been in rally mode since June 16, largely on the prospect of the Fed implementing a much-awaited p...

Summary Chairman Powell kicked off the Kansas City Fed’s annual Jackson Hole symposium on Friday and sent a strong, clear message. First, price stability and getting inflation back to target is the Fed’s prime responsibility, and that goal is the FOMC’s ȁ...

Summary On Friday, the markets digested comments from Federal Reserve chairman, Jerome Powell that came from the Jackson Hole economic symposium. Based on his comments, the Fed Chair left little doubt the push higher in short-term interest rates will continue. In other words, ...

Summary NGDP is a much better indicator than inflation, but still not perfect. If we assume the key macro problem is business cycles created by nominal shocks interacting with sticky wages, then aggregate wage income may be a better cyclical indicator than NGDP. A mild slowdow...