PLW News and Press, Invesco 1-30 Laddered Treasury ETF From 05/29/23

2023-05-29 08:35:00 ET Summary The Bureau of Labor Statistics measures changes in housing costs in ways that change slowly and arrive too late. A long data lag makes these overweighted housing inflation estimates misleading. If we look at “CPI less shelter,” the ...

2023-05-29 06:50:00 ET Summary To make sense of today’s market conundrum, remember that things could have been worse than they are, and that investors are more defensive than they appear. Each time we run through all the reasons to be bearish on equities, we are struck by j...

2023-05-26 22:00:00 ET Summary The latest inflation data is not what Federal Reserve officials were hoping for. Core inflation, which excludes volatile food and energy prices and is thought to be a better predictor of future inflation, also remained high. Fed officials may wor...

2023-05-26 22:00:00 ET Summary One of the great myths of finance, embedded over many decades of thinking, has been that the cost of oil, WTI, is a major factor for inflation. Blaming the Ukraine/Russia conflict on inflation became the norm after Feb 2022. Inflation is always a...

2023-05-25 14:10:00 ET Summary A US default likely won't happen. But it still could. Any imminent default would be on one of the four bills that mature between 1 to 13 June. Even if we get close to a default, rating downgrades are probable. An actual default, and it's a multi-notc...

2023-05-25 12:30:00 ET Summary The contrast could hardly be more striking. Fitch Ratings put the AAA credit rating for US debt on watch for a downgrade. Treasury yields will remain a crucial real-time measure of how the market is pricing in debt ceiling risk. The con...

2023-05-25 12:30:00 ET Summary There is a growing consensus among observers that a recession is almost inevitable. After all, hasn't almost every recession in the past 50 years been preceded by a deliberate tightening of monetary policy? The latest round of Fed tightening has ...

2023-05-25 08:01:00 ET Summary On Sunday night, President Joe Biden returned from the G-7 Summit, Speaker Kevin McCarthy and Biden connected, and by Monday morning talks resumed. We could see market turbulence in the coming days as the details are hammered out and the X-date draws...

2023-05-25 03:30:00 ET Summary Seasonally Adjusted Money Supply in April fell $167B. This is now the 9th consecutive monthly drop. This is also the second-largest drop of all time, behind only last month. Looking at the seasonally adjusted numbers shows that this month decreased t...

2023-05-24 11:30:00 ET Summary The money and bond markets find themselves in an interesting spot on the calendar, nestled right between the May and June FOMC meetings. While inflation gauges continued to reveal signs of further cooling, core measures, such as CPI, showed price pre...