XSVM News and Press, Invesco S&P SmallCap Value with Momentum ETF From 01/12/23

Summary The CPI report showed headline inflation was driven lower by energy and commodity prices. However, services inflation was very strong and showed no signs of cooling. Jobless claims continue to suggest a very low unemployment rate. Today's CPI continues to suggest the o...

Summary Recession forecasts are flying left and right lately, but the main pushback is the labor market. Notably, in the last three recessions, the year-over-year change in temp workers turned negative well ahead of the broad measure of private payrolls. Although new filings for une...

Summary We summarize key data and provide in-depth analysis of the monthly Consumer Price Index report released by the U.S. Bureau of Labor Statistics. All Items and Core CPI inflation were in line with expectations. Deceleration in energy accounted for most of the deceleration in A...

Summary The rate of inflation posts a meaningful decline for a third month in a row. Interest rates are falling across the yield curve, and the probabilities of 25-basis-point increases in February and March have increased. This would result in a lower terminal rate than the Fed is ...

Summary Monetary policy changes move through the economy in 12 to 24-month lags. Would-be sellers are also often reluctant to admit that prices are falling. Eventually, a lack of patience, financial resources, time and other constraints ultimately prompt capitulation selling and, fi...

Summary U.S. imports of goods produced in China collapsed further in November 2022, continuing the plunge that began in September. The continuing collapse of U.S. imports from China has pulled the combined value of goods traded between the U.S. and China below a counterfactual trajector...

Summary Despite what pundits say, inflation will persist in 2023. China and emerging markets are set to rebound in the coming year. No U.S. economic recession will be seen (surprise, surprise!). U.S. equity markets will climb, helped by massive short covering. ...

Summary Small-cap value ETFs are constructed very differently. Some ETFs hold stocks which cannot be considered small. Others weight towards larger stocks which lessens the size premium. Still, others define value in unorthodox ways. For further details see...

Summary We already know about housing’s woes, but manufacturing, and now service-related gauges, are in contractionary territory. However, the latest jobs report continued to reveal that a rather solid labor market setting still exists. So, what if the U.S. economy manages th...

Summary After enduring one of the worst years on record across asset classes, investors should find more cause for optimism in 2023, even as the global economy faces challenges. Inflation is likely to moderate, and risks to the inflation outlook appear more balanced than they did severa...