RZG News and Press, Invesco S&P Smallcap 600 Pure Growth From 06/18/22

High frequency indicators can give us a nearly up-to-the-moment view of the economy. The metrics are divided into long leading, short leading, and coincident indicators. There were more downgrades in several time frames this week. In particular, a number of short leading indic...

This past week felt like a big moment for central banks, collectively, as well as financial markets more broadly. There are still those like the BoE that still believe that slow and steady will win the race, or the BoJ that doesn’t actually have an inflation problem, but rather...

Unemployment claims are rising as tech firms shed workers. 81.5% of all stocks are now in a bear market, with the median stock down by -32.1%. Unemployment would rise, corporate earnings would fall, and the stock market would take another hit. For further details see: Th...

Home prices are abnormally high across a range of indicators and will face pressure as financial conditions tighten. There appears to be an oversupply of housing in the making and this will contribute to a slow down in the market. Housing is an important cyclical contributor to mo...

A US recession is becoming ever more likely in the face of demand destruction from multiple sources (policy, real wages, stock market, consumer sentiment, etc.). However, this is likely to be a garden variety recession, which we think is already priced into growth stock valuations, ev...

The index for General Business Conditions has fallen sharply over the past three months, now having shed 30.7 points in that time. Multiple month-over-month moves ranked in the bottom few percentiles of all monthly changes on record in data going all the way back to 1968. Employme...

The economy is in a much better situation than the stock market. Pundits are conflating the two, which is raising recession fears. As a result, investors are selling everything at levels that present sound long-term investment opportunities. For further details see: The ...

Today, we see many indications of economic risk, or as noted in “Economic Hurricane,” storm clouds are clearly on the horizon. With inflation running above 8%, consumers are much less confident about their state of affairs. It is readily apparent that “recessi...

The root causes of the inflation we are now experiencing are years of extremely loose monetary and fiscal policies. The great majority of professional economists and the mainstream media define inflation as merely rising prices. The Fed will eventually pivot and go back to money p...

After reaching a short-term high of 32% only two weeks ago, the percentage of respondents to the AAII survey considering themselves bullish has fallen back below 20% this week. While bullish sentiment has declined, this week’s 1.6 percentage point decline was actually much smal...