USLB News and Press, Invesco Russell 1000 Low Beta Equal Weight ETF From 01/23/23

Summary Central banker prudence and inflation-fighting resolve should err on the side of not conveying a rapidly concluding tightening cycle. Financial conditions almost immediately began to loosen globally, a loosening that has gathered important momentum early in 2023. Systemic ri...

Summary It will be a busy week filled with the first look at Q4 GDP, corporate earnings, and US debt ceiling gridlock. The EU flash PMIs early in the week will be of keen interest as investors continue to assess how much trouble the economy is in. While the UK PMIs would typically b...

Summary Many suggest the Federal Reserve’s monetary interventions do not affect financial markets. However, the correlation between the two is extremely high. While the stock market returned more than 180% since the 2007 peak, that increase in asset prices was more than 6x the gr...

Summary Bond investors have started the new year on a very upbeat tone. They seem convinced that the battle against inflation has already been won. The Fed might nudge rates up a bit more to stay on the safe side, but soon enough we’ll go back to a world of very low interest rate...

Summary Jobless claims were anticipated to reverse much of last week’s improvement as forecasts were calling for initial claims to rise from 205K to 214K. Instead, there was a sub-200K print as claims fell to the lowest level since the end of September. Before seasonal adjust...

Summary S&P 500 has seen a bit of technical damage done in the past few sessions. Bearish sentiment plummeted to 33.1% of respondents, which is down sharply from just a month ago when more than half of those responding reported as pessimists. As we have frequently noted over the...

Summary Economists were expecting a decline, but the 1.1% slide in retail spending in December was deeper than expected. Real spending in annual terms tends to be a more reliable measure of business-cycle risk. Other business cycle indicators are also signaling economic activity tha...

Summary Stocks don’t bottom until central banks have slashed short rates enough to drop them back below long, re-steepening the curve to positive sloping once more. HY bond prices typically bottom with equities once HY yield spreads have reached 800+ bps above similar-term treasu...

Summary Amid speculation that the US could be slipping into a recession, upcoming flash PMI data will be eagerly assessed to gauge the business climate in the opening month of the year. The surveys from S&P Global have been sending especially weak signals for output and demand growt...

Summary Many investors are happy to be moving on from the market volatility of 2022, which left a mere few good places to hide. Hitting the so-called “sweet spot,” US mid caps - generally defined as companies with market capitalization between US$2 and US$10 billion - can ...