RZG News and Press, Invesco S&P Smallcap 600 Pure Growth From 09/24/22

Summary Chinese big four bank CDS each surged about 10 bps, the largest single-session gains since the July 15th peak risk off. The dollar index gained 0.6% Tuesday, trading back above 110. EM currencies were under pressure, with the Polish zloty, Chilean peso, Hungarian forint an...

Summary The Fed funds target rate is now in the range of 3.0 to 3.25 percent. Indications provided by the members of the FOMC at this week’s meeting suggests that the Fed funds rate will eventually settle somewhere just north or just south of five percent. As Fed chair ...

Summary The Fed is making a potentially catastrophic mistake in raising rates. A recession is becoming more likely, even as higher rates create more headwinds for equities. Small-cap stock selling pressure is especially pronounced. From the time the U.S. equity marke...

Summary The US economy is weakening, growth expectations are muted and stagflation is back in the picture. This bear market has wiped out all of the 2021 gains. All of the major indices test the June lows and are at a critical pivot point now. "I have not failed....

Summary As evidence piles up that the stock market is caught in a bear market, the focus inevitably turns to analytics that will signal a high-confidence forecast that the selling has reached exhausted itself and a bottom has arrived. In other words, there’s (still) no silv...

Summary Despite their mythologized status as financial albatrosses, bear markets are relatively frequent and indeed normal occurrences investors should expect over the long run. Using the Russell 3000 to calculate performance, the average drawdown and duration is 30.9% and 9 month...

Summary There are some important financial implications to below-trend economic growth. If inflation remains high, interest rates will adjust, triggering a debt crisis as servicing requirements increase and defaults rise. Most of the aggregate growth in the economy was finance...

Summary The 21% fall from all-time highs in the S&P 500 has been orderly as compared to past major declines. Lack of strong relief rallies and volatility spikes could be a sign this is just the start of an extended move down. There are no technical signals the market is an...

Summary Recognizing that high inflation will not quietly go away, the world's major central banks are toughening their policies. Gradualism has given way to super-sized interest rate increases and a clearer resolve to restrain actual and expected inflation, despite adverse economi...

Summary Initial jobless claims came in at 213K this week. That would have been unchanged versus the prior week, but last week’s print was revised down by 5K to 208K. As initial claims have come off of recent highs, continuing claims likewise hit the lowest level in several ...