SCHA News and Press, Schwab U.S. Small-Cap From 06/14/23

2023-06-14 07:31:00 ET Summary This year’s equity market rally had been driven by a select few names, dubbed the "Magnificent Seven," overshadowing other industries. June brings a ‘breadth’ of fresh air with small caps and mid-size companies finally joining th...

2023-06-13 05:30:00 ET Summary The annual Russell Reconstitution has caused many small-cap stocks to surge, and institutional buying pressure is anticipated to filter down from the eight largest NASDAQ companies that have been hogging most of the money. Rising crude oil output in ...

2023-05-02 20:58:25 ET Summary RWJ is Invesco's revenue-weighted version of the S&P SmallCap 600 Index. It's produced category-leading returns over the last five and ten years, though AUM is relatively small at $1.19 billion. However, there are patterns not easily seen with tr...

2023-05-01 07:51:55 ET Summary SCHA tracks an Index of 1,750 small-cap stocks. The ETF has $13.34 billion in assets under management, likely due to its category-leading 0.04% expense ratio. However, SCHA consistently underperforms because it holds too many low- or non-profitable s...

2023-04-20 13:09:00 ET Summary We see that the 10s/2s has been inverted since roughly July 2022, while the 10s/3mo (historically the more accurate indicator of recessions) inverted in October. The consensus is that 2023 will witness a decline in corporate earnings as economic acti...

2023-04-12 00:08:00 ET Summary A negative US 10-year minus 3-month yield spread has signalled every incoming recession of the last 60 years. In the real world, global PC shipments were -29% year over year in the first quarter, and the average work week in March’s payroll re...

2023-03-15 23:05:00 ET Summary After more than 12 long years, the stage may finally be set for an extended upswing in small-caps. When leadership concentration broke down in previous cycles, we saw multiyear periods where small caps outperformed large caps. In the current cycl...

2023-03-08 10:37:51 ET J.P. Morgan Asset Management unveiled its latest exchange traded fund on Wednesday, with the debut of the JPMorgan Active Small Cap Value ETF ( NYSEARCA: JPSV ). JPSV is an actively managed small cap-focused fund that aims to outperform the Russel...

2023-03-08 08:49:00 ET Summary Stocks, bonds and key commodity prices broadly fell in February as investors revised up expectations for policy rate peaks amid surprisingly resilient inflation and global economic data. Of the four largest emerging markets, only Taiwan continued to ...

Summary For the month of February, the S&P 500 Total Return Index ended down -2.4%. What disrupted the January rally? During the month, we received some affirming data that the economy may be on firmer footing than economists previously thought. But markets are worried that such str...