PLW News and Press, Invesco 1-30 Laddered Treasury ETF From 04/30/23

2023-04-30 05:36:00 ET Summary There have been glimmers of hope in 2023 that the inflation fixation of 2022 was a transitory phenomenon. Regulated prices tend to be more discrete and more lagged in their changes due to bureaucratic delays and their negotiated nature. In our vi...

2023-04-29 01:20:00 ET Summary Inflation remains 'unacceptably high', but banking stresses are leading to a tightening of lending conditions, which will do more to slow the economy than the likely 25bp hike on Wednesday. While the Fed will leave the door ajar for further hikes, th...

2023-04-27 23:48:00 ET Summary I see the economy continuing to grow at about a 2% rate and I see inflation falling. Swap spreads and credit spreads continue to be relatively low and well-behaved. An economy growing at a modest 2% rate, inflation by all measures declining signi...

2023-04-26 02:20:00 ET Summary On April 25, the Fed released the M2 statistics for the month of March '23, and they were very encouraging. The decline in M2 which began about a year ago is accelerating, with the result that M2 has fallen by almost $900 billion (-4.1%) since its pe...

2023-04-26 01:47:00 ET Summary The change in core inflation during the two-year period following the beginning of a recession has averaged just -0.4%. Rate hikes have a disproportionate impact on interest-sensitive sectors such as housing and durable goods, but the effect on overa...

2023-04-25 13:53:00 ET Summary The historical analysis suggests summer months of the market tend to be the weakest of the year. While the technical indications may be enough warning on their own to reduce risk heading into May, it is worth remembering the Fed is set to hike rates ...

2023-04-25 13:10:00 ET Summary The American investing public doesn’t pay much attention to credit default swap pricing, but professionals watch it daily. The CDS on the US must be priced in a currency other than the US dollar if its purpose is to achieve a market-based pric...

2023-04-25 12:20:00 ET Summary The general price trend in various US markets, utilizing the median performance of US Diversified Equity Funds (USDEF), measuring from the peak on 2/19/20 to last Thursday, saw a compound gain of +5.93%. However, for the last 2 years, the average USDEF l...

2023-04-25 11:55:00 ET Summary We believe fixed income markets present fundamental advantages that enable active managers to outperform benchmarks. These include market inefficiencies, index rules and reconstitutions, participant motivation, and trading inefficiencies. In fixed in...

2023-04-25 11:41:00 ET Summary The month of April has seen the S&P 500 move within less than a 100-point range during regular sessions, adding only a few points more if one were to include overnight futures trading. It is absurd for the Fed to be hiking interest rates next wee...