USLB News and Press, Invesco Russell 1000 Low Beta Equal Weight ETF From 02/07/23

Summary Over the past couple of months, we have seen a clear downtrend emerge in the coincident measure of economic growth, suggesting we are on the path to recession. Inflation is also clearly rolling over. However, this is not the case within the labour market nor the services sector,...

Summary Our weekly technical composite gauge is not back into bull market mode as it has risen above a reading of 70. Such is the first time that measure was reached in over a year. With much economic data pointing to further weakness in the months ahead, market fundamentals remain chal...

Summary January's jobs report was far stronger than expected, so have we been too pessimistic about the US economy? On the face of it, the data makes the 'soft landing' story look more plausible, but as we dig through the data there remain major areas of concern. While interest rate...

Summary The broadest measure of the economy, real GDP, grew at a solid pace in the fourth quarter, rising at an annualized pace of 2.9 percent, following 3.2 percent in the third quarter. With data through December, all of the major measures of inflation showed moderation through year-e...

Summary A day after the Fed’s announcement, the ECB raised its key interest rate 0.5% to 2.5% on Thursday. This was the fifth straight increase in the ECB’s key interest rate. Bond investors are fully expecting inflation to cool off, and that the Fed’s key interest ...

Summary We likely experienced peak rates of inflation during the fourth quarter of 2022, and as price increases abate, the coming months may bring the end of the central-bank tightening. However, we believe inflation is likely to remain above the historically low levels experienced duri...

Summary In late 2021, I warned that the Fed was a big risk to stocks in 2022 and projected a bear market with a roughly 20% loss on the S&P 500. Today, many in the market believe that the Federal Reserve will lower rates by the end of this year and thus are bidding up stocks. As...

Summary In examining the terms growth and value, I now recognize that the two labels should not be given to stocks, but to periods of time when a company is experiencing growth or value. For those of us emotionally connected with stock market prices, there is a tendency to label a ...

Summary We see central banks stumbling into a more nuanced phase of the inflation fight and nearing a pause on hikes. We like short-term bonds and credit for income. U.S. stocks rose but trimmed gains and Treasury yields jumped after U.S. jobs data showed a tight labor market, reviving ...

Summary The animal spirits of the market are back. They are buying the worst performers from last year. The key to the markets right now is the realization that systematic strategies are now very long, and a turn lower would put excess pressure on the markets as those strategies would b...