RZG News and Press, Invesco S&P Smallcap 600 Pure Growth From 07/04/22

Once the COVID distortions are over the economy will return to its previous state of roughly 2% growth and 2% inflation. Real sales of durable goods surged throughout COVID but accelerated rapidly with stimulus payments; sales peaked right as Biden’s American Rescue Act was imp...

Anchored by the deflationary experiences of the last decade, the Fed waited until headline CPI inflation had hit 7.9% before it finally started tightening monetary policy. This delayed response has permitted inflation expectations to rise and wage growth pressures to increase. Monetar...

PE ratios indicate that stock valuations are now more reasonable, although inflation and earnings both present potential downside risks. Revenue growth and profit margins are both above trend and a substantial fall in earnings appears likely. If inflation were to become structural...

Markets ended the week down bad, precipitated by mixed PCE data, slowing consumer spending, and a weaker-than-expected PMI print. Consumer sentiment and confidence worsen as inflation proves to be sticky and billionaire Jim Coulter expects "Phase 2" of his market downturn playbook to ...

The Federal Reserve continues to dominate the discussions about the future of the stock market: whether or not the Fed will sustain a "tight" money position. Disequilibrium continues to dominate individual markets and sectors, leaving many of the discussions about the performance of i...

The JPMorgan Manufacturing Purchasing Managers' Index, compiled by S&P Global, nudged lower in June, down from 52.3 in May to 52.2, its lowest since August 2020. The global manufacturing PMI survey's Output Index, which acts as a reliable advance indicator of actual worldwide outp...

Analysts are still forecasting 2022 earnings to grow by more than 10 percent, higher today than their consensus estimates back in March. Already we are getting a preview of how the second quarter earnings season, which officially gets underway late next week, is going to shape up in t...

Risk capital is the portion of capital that is invested in the riskiest segments of each market and safety capital is that portion that finds its way to the safest segments in each market. It is a common misconception that the risk-takers supply risk capital and that the investors who...

The stock market has been a winning team for years, generating outsized returns for investors. But so far this year, the winning streak appears to be coming to an end. Jerome Powell, the Fed Chair, has been a very effective clean-up hitter for the stock market, not only leading the st...

Markets see-saw on inflation reports, economic data releases. Three reasons why Q2 earnings season could be challenging. June employment report, CPI reading loom large for U.S. markets. On the latest edition of Market Week in Review, Director of Client Investment Strateg...