RZG News and Press, Invesco S&P Smallcap 600 Pure Growth From 06/03/22

This earnings season provided investors insight on how impactful supply chain issues and inflation were on corporate profits. With 488 companies, making up 97% of the S&P 500 index, having reported their Q1 2022 earnings, we can dissect what happened and how expectations provide i...

U.S. investors can capitalize on the current and implied future interest rate differential between the US and MSCI EAFE countries by hedging their foreign currency exposure. The dollar may weaken by more than the interest rate differential over the lifetime of the hedging program. ...

Sentiment has taken a big swing higher across surveys this week as the S&P 500 has experienced some upside mean reversion. As bullish sentiment surged, there was a massive drop in bearish sentiment. After the large moves in bulls and bears this week, sentiment continues to fav...

Long-term returns in financial markets are driven almost entirely by math, while short-term returns are driven almost entirely by psychology. To say merely that valuations are elevated is emphatically not the same as saying that expected market returns are negative. Our investment...

Too many good things happening under the hood in Shoe Carnival. Higher costs have been adversely affecting margins, but sustained investment continues. Shoe Carnival's declining float, rising equity, and solid cash flow remain encouraging long-term trends. For further detail...

High-yield credit spreads have spiked higher by 112 basis points since the start of the year. Going down the size spectrum in U.S. equities, valuations are signaling a far more dire outlook. Despite superior earnings growth, the S&P 600 return of 21% has lagged the 28% return ...

A weakening labor market would normally get the Fed to turn dovish. However, Mr. Powell and the Fed cannot turn dovish imminently. Nevertheless, Wall Street is still hoping that the Fed put is nigh. But record-high inflation is the primary problem facing consumers and corporations. Ch...

Despite their general discontent, most people don’t seem to think a severe economic downturn is imminent - despite many warning signs. There are certainly many factors, but one likely reason people can’t see the train hurtling down the tracks is a psychological phenomeno...

While some doomsday-er economists are expecting a deeply destructive hurricane (deep recession), others are only seeing a mild drizzle (soft landing) developing. Stock market veterans understand that stock prices can go down when current economic news is sunny but future expectations ...

Yesterday's month-end close for the NASDAQ Composite Index of 12,081 officially breached its 26-month moving average by more than 1%. Over the last six months, the NASDAQ is -25%, the S&P 500 -14%, and Canada's TSX just -5.8%. As in 2000 and 2007, extreme leverage and speculat...