RZG News and Press, Invesco S&P Smallcap 600 Pure Growth From 02/12/23

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...

Summary The US trade surplus in services dipped further in 2022, from the already beaten down levels of 2021, to $244 billion, the lowest since 2012, and the fourth year in a row of declines. Imports of goods spiked by $425 billion, or by 15%, to $3.28 trillion. Exports of goods jum...

Summary So far in 2023, value-indiscriminate buyers are still pounding into the riskiest low-yielding assets with wild abandon. Fat yield spreads above risk-free rates are also known as an attractive reward for capital risk. Since 1920, this month, BBB bonds are yielding about 100 b...

Summary Last week gave the bulls everything they could have reasonably wanted. An obliging FOMC, strong data, and positive technicals, all contributed to the rally to 4195. The only 'problem' is that with everything going right, something can easily go wrong. Bears will look for a s...

Summary Market movements this year indicate that many investors don't believe that the Federal Reserve will really live up to its picture of continued increases in its policy rate. Mr. Powell, Federal Reserve Chairman, does not seem to have the confidence of the financial markets and on...

Summary On Wednesday we got a de-clawed hawk in Chairman Powell and he treaded carefully. For the first time, Powell acknowledged we are in a dis-inflationary environment and goods inflation is coming down fast. In my view, the most important quote of the press conference was, ...

Summary The first employment report of 2023 certainly surprised everybody. Friday morning’s report was the tenth straight better-than-expected report, which is a record and easily surpasses the prior peaks in September 2020 and March 2015. The US economy has added 4.967 milli...