RZG News and Press, Invesco S&P Smallcap 600 Pure Growth From 09/29/22

Summary Initial claims for regular state unemployment insurance fell by 16,000 for the week ending September 24th, coming in at 193,000. The number of ongoing claims for state unemployment programs totaled 1.276 million for the week ending September 10th, a rise of 6,029 from the ...

Summary With a drop back below 200K, claims have fallen back below the range from the couple of years prior to the pandemic. For the comparable week of the year, this most recent reading of 156.1K was the lowest since 1969 and was only slightly above the seasonal low from a couple...

Summary The Fed is embarking on an almost Volcker-style campaign to slain inflation once and for all, but we think they are overdoing it and risk a hard landing. Inflation was caused by one-off events that have already reversed and things beyond the control of the Fed, which is he...

Summary The current bear market feels more painful than usual because of how broad it has been. Some investors are hopeful the 3,600 level on the S&P 500 marks a bottom for US stocks. Hope will not help, but fortunately, there are better indicators for gauging when this be...

Summary Near-term, inflation will remain elevated. We anticipate at least another 100–150 b.p. of tightening from major central banks in the next few months. There are already signs of an economic slowdown globally, but household finances are robust, corporate balance sheet...

Summary What a strong U.S. dollar will mean for earnings. What the bond market is telling us about the likelihood of a hard landing. Don't expect markets to hit bottom until rates have peaked. From surging inflation to rising rates, recession worries, and geo...

Summary The Fed first warned us of their intentions back in April. Markets had held firm in the months that followed but now finally appear to be on the verge of a crash. An equity crash almost always leads to a liquidity squeeze where all assets get sold due to margin pressures a...

Summary Inflation as measured by government indices (e.g., CPI, PCE Deflator) is a lagging indicator of true inflation. True inflation is defined as the loss of purchasing power of a currency. Right now that is just not the case: the dollar is soaring against nearly every currency...

Summary The Consumer Confidence Index from The Conference Board rose in September, the second consecutive increase following three consecutive monthly declines. The present situation index remains consistent with economic expansion while the expectations index remains consistent w...

Summary Further normalization of headline inflation and aggressive monetary tightening in other regions should keep the U.S. dollar relatively stable, which bodes well for technology companies and other growth-oriented names. The global energy crisis will likely make climate chang...