XSMO News and Press, Invesco S&P SmallCap Momentum ETF From 09/03/22

Summary Initial jobless claims had a strong showing this week as the previous reading was revised lower by 6K to 237K. From that revised level, claims fell another 5K down to 232K marking the lowest reading since the last week of June. That was also handily below expectations ...

Summary Why did markets sell off in the wake of Powell’s speech? U.S. adds 315,000 jobs in strong August showing. Where are home prices declining the most? On the latest edition of Market Week in Review, Investment Strategy Analyst BeiChen Lin and Research Ana...

Summary Stocks have staged an unexpected and impressive rally the last few weeks. With a 17% advance from mid-June through mid-August, the S&P 500 has recouped more than half of its peak-to-trough decline. While inflation may have peaked, it will take time for it to fall back ...

Summary U.S. nonfarm payrolls added 315,000 jobs in August, substantially less than the 526,000 gain in July. Private payrolls posted a 308,000 gain in August, less than the 477,000 gain in July (revised up by 6,000 from 471,000 while June was revised down by 58,000 to 346,000). ...

Summary Jerome Powell attempted to set the tone in his Jackson Hole speech, the Fed was serious about fighting inflation and they would persistently work toward a 2.00 percent inflation rate. There will be more increases in interest rates and the Fed will step up its efforts to re...

Summary Since the last update in June, the NFIB Small Business sales and sentiment measures have only deteriorated further. Usually, small business owners are “optimistic” and believe the future will be better, except during recessionary periods. With sales now a...

Summary Sept. 2nd employment report for August showed a 315K increase in total nonfarm payrolls, which was above Investing.com forecast of 300K jobs added. Unemployment rate rose to 3.7%. Unemployment is usually a lagging indicator that moves inversely with equity prices. The ...

Summary The Labor Department reported another strong payrolls gain in August, but cooler than July's hot report. The unemployment rate ticked up to 3.7%. The broad U.S. stock market rose nearly 20% from its June bottom to the August high, but then dipped 10% to Thursday's low. ...

Summary A modestly weaker jobs report is reviving risk asset prices. Investors sense that this reduces the chance of a larger increase in short-term rates at the next Fed meeting. Yet, jobs are not the enemy in our battle against inflation. We need a strong labor market an...

Summary Stocks retreated in the second half of August, with all major indexes losing ground for the month. The energy sector was the strongest corner of the S&P 500 in August. On the global stage, emerging markets outperformed developed markets. A hot summer rall...