EWMC News and Press, Invesco S&P MidCap 400 Equal Weight From 07/17/23

2023-07-17 05:14:00 ET Summary After making a new 2023 high on Thursday, the market rested on Friday. For the week, it was up 2.4%. We are now in a Golden Cross configuration, with the 50-day above the 200-day. Home construction led the way higher last week, and is leading all...

2023-07-14 23:20:00 ET Summary With the S&P 500 over $4,400 and many now speaking of a “new Bull Market,” all that has occurred is a relief of the extreme pessimism of recent months. A rise in the S&P 500 also reveals a lag in the swing towards a more optimis...

2023-07-14 02:40:00 ET Summary I like the financial sector coming into Q2 ’23 earnings, but Bespoke is favoring tech, energy and basic materials. The buying in energy stocks the last week – 10 days could lead readers to conclude that the energy sector is poised to ra...

2023-07-13 01:55:00 ET Summary S&P 500 EPS growth for Q2 2023 is set to come in at -7.2%, the lowest rate in nearly 3 years and potentially the third consecutive quarter of negative earnings growth. As we head into the second quarter earnings season, many things will be on inv...

2023-07-12 23:10:00 ET Summary The continued rally in equity markets seems to be slowly reaching its crescendo. While the fundamentals have been screaming bearishly for some time now, there have been a number of structural factors at play driving markets higher in spite of these h...

2023-07-11 19:45:00 ET Summary Heading into the Q1 earnings season, we were expecting an ‘earnings recession’ based on a negative Q4 actual growth rate along with analyst estimates forecasting a negative growth rate for both Q1 and Q2. Over the last three months, the...

2023-07-10 19:50:00 ET Summary As we enter the third calendar quarter of 2023, we've rolled the dividend futures-based model's alternative futures chart forward to reveal what lies ahead. Coming into 2023-Q3, the data suggests the multiplier is still approximately 1.5, the same as...

2023-07-10 04:36:00 ET Summary The forward 4-quarter estimate (FFQE) saw its quarterly bump this week, with the FFQE jumping to $230.26 from last week’s $224.01. Financials always lead off earnings season, and Q2 ’23 will be no exception, with the larger-cap financia...

2023-07-10 03:36:00 ET Summary After making a new 2023 high on Monday, the market spent the next three days backing and filling. For the week, it was down 1.2%. We are now in a Golden Cross configuration, with the 50-day above the 200-day. The best performer last week (and the...

2023-07-09 12:08:09 ET Summary Proper use of the "puts to calls" ratio provides insight into investor expectations, with high ratios indicating bearish sentiment and low ratios indicating bullish sentiment. The current ratio stands at .588, which is in the lowest 20% of historic r...