XSVM News and Press, Invesco S&P SmallCap Value with Momentum ETF From 12/30/22

Summary The Bank of Japan shocked the market by increasing the band on their Yield Curve Control policy. The policy change was necessary because the BOJ has maintained an accommodative monetary policy despite surging inflation and a weakening yen. The policy change has not had the d...

Summary Bullish sentiment actually rebounded up to 26.5% after spending four straight weeks below 25%. Bearish sentiment fell from a recent high of 52.3% down to 47.6%. The share of respondents reporting neutral sentiment was also lower this week falling for the fourth week in a row...

Summary The second half of 2022 was historic for the US housing market. Transaction volumes froze and prices started to decline. A review of the 2022 housing market and what to expect in 2023. The first half of 2023 will look like the second half of 2022. Slow/declining hous...

Summary Initial jobless claims have not been of particular interest recently as the weekly indicator has seen choppy week-to-week moves that have yet to set any major new high or low. On a non-seasonally adjusted basis, claims tend to drift higher at the end of the year and into the new...

Summary Seeking Alpha have asked contributors to make a forecast of S&P 500 index level at end of 2023. The basis of forecasting is fairly prescriptive, requiring an estimate of S&P 500 average multiple applied to an estimate of S&P 500 average earnings, to arrive at market ...

Summary Reserve balances have fallen sharply over the past week. With the reverse repo facility likely to see a big surge this week, reserve balances could drop further. Falling liquidity and rising rates could push stocks sharply lower. If you have been looking for that S...

Summary With rising interest rates and inflation, such would seem a logical assumption. 2022 has been one of the worst years for returns from a 60/40 portfolio. The longer-term view suggests recent performance will not continue due to expanding debts and deficits. Investors should h...

Summary The macroeconomic indicators in the US point a picture of doom and gloom. The Fed seems to be aggressive. More rate hikes may cause a recession. My base-case scenario is that it could be quite moderate. There is always plenty of guesswork to be done when it com...

Summary Tesla CEO Elon Musk warned of a serious recession that could cause significant pain for consumers and investors. Will it be enough to turn Fed Chair Jerome Powell's head? Analysts' bottom-up estimates don't expect a recession in 2023, but they have been markedly off-target i...

Summary I expect S&P 500 2024 forward earnings to be $237.2, which in my opinion, should fetch 17.5X, a multiple more in line with 3.5-4%, 10-year treasuries. I also expect S&P 500 earnings to decline by 5% to about $210 in 2023 and then recover by 13% on a smaller base to $237 ...