PLW News and Press, Invesco 1-30 Laddered Treasury ETF From 07/12/23

2023-07-12 20:35:00 ET Summary One of our big calls coming into 2023 was that this would be “the year of disinflation”. I have to admit though – by some measures it’s happening even faster than I expected. Inflation is slowing fast, but is that a good t...

2023-07-12 20:30:00 ET Summary The June US Consumer Price Index (CPI) came in at a 3% annualized rate, down from the pandemic-inflamed peak of 9.1% a year ago. The US Fed is expected to hike another 25 bps at its July 26th meeting. But recessionary odds are mounting that this will...

2023-07-12 14:29:00 ET Summary There’s good news on the inflation front. The Personal Consumption Expenditures (PCE) Price Index grew at an annualized rate of 3.8 percent in June. The Fed made the right decision in pausing its rate hikes. We need time to ascertain how ...

2023-07-12 11:30:00 ET Summary We have had a big surprise in the June consumer price inflation report with both headline and core (ex food and energy) rates rising. The Fed is focused on stamping out all inflation threats and is obsessed with services ex energy ex housing as they ...

2023-07-12 08:30:00 ET Summary Stubborn core inflation remains the key concern for the Federal Reserve. Unfortunately, relatively strong wage growth exacerbates that concern. We would not be surprised to see more monetary stimulus and some targeted fiscal stimulus in China, which ...

2023-07-12 03:30:00 ET Summary The high-yield sector offers attractive absolute and relative return prospects due to resilient corporate fundamentals. Consumers and labor market conditions remain on solid footing. Spreads have mostly widened from the end of 2022 through the en...

2023-07-11 19:05:00 ET Summary The New York Fed’s Survey of Consumer Expectations (SCE) was released earlier this week and showed a continuation of the trend where consumer inflation expectations have been falling. Over the next 12 months, the Fed’s survey showed tha...

2023-07-11 10:46:00 ET Summary Stocks have traditionally tumbled when the price of the US 20-year Treasury bond rises, and the gap between stock and Treasury prices today is the largest we have seen in at least 20 years. We can never know when equity markets will recover cycle hig...

2023-07-11 06:35:00 ET Summary Since there is an outspoken minority of doves on the Fed, I think the July FOMC decision will rest on the June inflation reports, especially the Consumer Price Index (CPI). As CPI surged 1.2% in June 2022, I am expecting that its annual pace this mon...

2023-07-11 03:32:00 ET Summary Credit booms typically involve both asset revaluation and new issuance. But the problem with some credit booms is that they lead to excesses and sometimes excess inflation. While the Fed has been raising rates for well over a year now, the policy has...