PLW News and Press, Invesco 1-30 Laddered Treasury ETF From 06/19/23

2023-06-19 22:20:00 ET Summary The Russell 1000 and the S&P 500, the two main broad US large-cap indexes, are both up about 15% this year. But the growth and value versions of these two indexes have produced very different results. The dollar was down last week, presumably on ...

2023-06-19 07:05:00 ET Summary Last week, the Fed announced that it was not going to raise interest rates. The media and pundits proclaimed that this would send a false signal of a new bull market. We saw a substantial increase in trading volume compared to the rather low transact...

2023-06-19 03:57:00 ET Summary 10yr Treasury rates are rising and lessening yield curve inversion. Inflation thinking is turning away from “transitory” to “longer-lasting”. The lack of response with gold, oil and commodities at the moment has confused i...

2023-06-17 12:20:00 ET Summary Major developed market central banks around the globe are almost unanimously indicating rate cuts won’t happen until next year. The stark contrast with market expectations that global monetary loosening would begin before year-end likely means...

2023-06-17 07:30:00 ET Summary The volume of lending and money that goes out to support real economic activity has decelerated slightly, but is still above pre-COVID trends. However, the price of that credit has gone up. If the Fed's dual policy persists - keeping rates where they...

2023-06-16 22:50:00 ET Summary Going into the Federal Open Market Committee meeting this week, the over-under was a bit tighter than usual. The Summary Economic Projections showed the median projected Fed funds rate for 2023 to be 5.6 percent. If the SEP assumptions become rea...

2023-06-16 22:06:00 ET Summary The Committee released a new Summary of Economic Projections, which showed slow 2023 growth at 1.0%, though somewhat stronger than the 0.4% projected in March. Powell suggested that housing costs, among the key drivers of inflation now, have had a ve...

2023-06-16 21:10:00 ET Summary No one could have possibly been surprised by the Fed’s lack of action on Wednesday. They had signaled to anyone who would listen that they would pause. The official inflation figures have indeed moderated over the last year. As far as I ca...

2023-06-16 19:48:00 ET Summary The recent surge in the 10-Year Treasury yield vs. the dividend payout rate for US equities (S&P 500) looks attractive, at least compared to recent history. The estimated S&P 500 dividend yield is currently 1.54%, near the lowest level for th...

2023-06-16 02:30:00 ET Summary This week’s Federal Reserve decision was interesting mainly because there was no hint at a pivot. The market had been pricing in a rate cut this year, but the Fed made it pretty clear that that’s not happening. They essentially said...