XSMO News and Press, Invesco S&P SmallCap Momentum ETF From 09/06/22

Summary The economic data released last week continued to show a modest improvement in the economy since July. The 10-year Treasury yield has been rising since the summer of 2020 although there was a pullback in rates that lasted from April to August of last year. Best-perform...

Summary The recent jitters in markets have been due to economic data being too strong. Fixed income markets are likely to settle down when central banks signal that financial conditions are sufficiently tight. The current uncertainty may turn out to be worse than the slowdown ...

Summary In November of ’21, stock price momentum started to slow. I was precisely wrong or premature in labeling the first half of ’22 a recession. Falling stock prices had a direct and indirect impact, probably hurting the average American by about 10%. ...

Summary The latest data from the weekly AAII survey showed bearish sentiment cross back above 50% while bullish sentiment is back below 25%. With bullish sentiment having averaged a reading of only 24.22% in 2022, it is below the previous runner-up and record low of 27.29% and 27....

Summary Apartment rents are a classic "sticky price;" the rent is fixed in dollar terms for a year. So, landlords decide how much rent to charge, and people decide how much they're willing to pay, balance rents now vs. higher rents in the future. Inflation should not be a surp...

Summary Global 'Risk Off' gathers momentum by the week. Crisis Dynamics fester, as global central banks coalesce around a united front for battling inflation. JPMorgan CDS rose seven this week to a six-week high 88 bps. Citi CDS jumped nine to a one-month high 103 bps, and Goldman...

Summary The Reserve Bank of Australia makes its announcement early Tuesday, September 6. One of the challenges for policymakers and investors is that Australia reports inflation quarterly. The labor and property markets are showing signs of weakening, but the consumer appears to b...

Summary The JPMorgan Global Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell from 51.1 in July to 50.3 in August, its lowest since June 2020. Output only rose in ten of the 30 economies for which data are available, and in five of those - including mainla...

Summary The seasonally adjusted S&P Global US Manufacturing Purchasing Managers' Index (PMI) posted 51.5 in August, down from 52.2 in July to the lowest since July 2020. More positively, supply chain delays moderated in August, and price pressures fell to the lowest for one an...

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 ...