EWMC News and Press, Invesco S&P MidCap 400 Equal Weight From 08/21/23

2023-08-21 06:30:00 ET Summary Services now represent 26% of Apple’s total revenue and is probably the reason the P/E multiple is expanding on the stock. The 10-year Treasury yield hovers very close to a multi-year breakout above 4.33-4.35%. The mega-caps and the tech s...

2023-08-17 04:54:00 ET Summary Any equity market pullback will likely be brief due to the short and shallow nature of the expected U.S. recession, and the subsequent swift recovery will demand an agile and proactive response from investors. A substantial amount of corporate bonds ...

2023-08-16 01:39:00 ET Summary Q2 was a resilient quarter on the earnings front (again) which saw both a beat rate and an earnings surprise rate reaching a multi-quarter high. The ‘Magnificent-7’ saw Q2 earnings of $67.1 billion (+38.5% y/y, +11.4 q/q). All thing...

2023-08-15 03:25:00 ET Summary The LERI shows Q2 2023 ended with the highest level of corporate uncertainty in the last year. Retail in the spotlight this week: HD, TGT, TJX, WMT, ROST. Upcoming potential surprise: Salesforce (CRM). This week 1,1190 companies will release ...

2023-08-15 02:10:00 ET Summary As the year began much of the talk was centered around whether the U.S. economy would fall into recession in 2023. The year is only two-thirds done, but a recession does not seem likely this year, and our firm has been in the no recession camp since ...

2023-08-14 19:45:00 ET Summary The S&P 500 (Index: SPX) experienced an uneventful week, with little new information to prompt a compelling swing in any direction. What news there was led to the index dipping to 4464.05, a week-over-week decline of 0.3%. That's well within ...

2023-08-14 16:49:00 ET Summary The October ’22 highs for the 10-year Treasury yield were 4.22% – 4.25% those are closing highs. The S&P 500 earnings yield increased to 5.19% versus last week's 5.15%. Growth stocks look to have a wet blanket thrown on top of t...

2023-08-11 13:26:00 ET Summary Recent economic data is a little bit of a mixed bag, with some cracks showing in the foundation for the economy, but still an economy that’s resilient. For those that think that the recent market price action is a reason that the economy won&#...

2023-08-08 22:20:00 ET Summary Important to the Fed: Tighter lending standards, sticky US wage growth, and moderating job growth, may weigh on a September Fed rate decision. Some negatives: US credit downgrade, more signs of global manufacturing weakness, and a Bank of England rat...

2023-08-07 15:23:00 ET Summary The S&P 500 went on to close the week at 4,478.03, down 2.3% from where it ended the previous week. Looking further forward, we'll be coming up on another prolonged period where the echo effect will affect the dividend futures-based model's proje...