PLW News and Press, Invesco 1-30 Laddered Treasury ETF From 07/17/23

2023-07-17 11:10:00 ET Summary We favor emerging market to developed market assets on a brighter macro backdrop. We get granular and harness mega forces, per our playbook. U.S. bond yields slumped last week on softer CPI inflation data. We think still-tight labor markets will comp...

2023-07-17 09:40:00 ET Summary Bear markets feature not only substantial percentage losses but dramatic rebounds which exceed the percentage gains achieved during bull markets and also happen more quickly. Thus, it is necessary to keep switching from being net long, to net short, to n...

2023-07-17 07:35:00 ET Summary Is the Fed responsible for the drop in the inflation rate? If not, what does that imply about future policy and inflation? The 10-year/3-month Treasury spread has been inverted since last year, and that has been a reliable predictor of recession in t...

2023-07-16 05:30:00 ET Summary Obviously, AI has supercharged the indexes, for the S&P 500 and the NASDAQ. Small businesses tend to feel the impact of monetary tightening with a lag compared to larger companies. The Fed, although they haven’t come out and said it, t...

2023-07-14 21:43:00 ET Summary Can bonds provide the returns in the second half that were expected in the first? The case for staying the course for fixed income. Why that fixed income strategy may be facing a timing problem. Originally published on July 6,...

2023-07-14 11:00:00 ET Summary This week’s news on consumer inflation supports the case for expecting that the Fed's interest rate hikes are approaching the end game. Core inflation’s descent is still relatively sticky, which leaves more room for caution compared wit...

2023-07-13 04:38:00 ET Summary The AIER Everyday Price Index rose 0.41 percent in June 2023, bringing the index to 284.2 after a marginal decline in May. The headline CPI showed a month-over-month increase of 0.2 percent, while the core CPI (ex food and energy) also showed an 0.2 ...

2023-07-12 23:55:00 ET Summary Overall CPI rose by 3.0% in June year-over-year, the lowest since March 2021. The index for core services (without energy services) increased by 0.25% in June from May, compared to an increase of 0.40% in the prior month. The CPI for “food...

2023-07-12 21:12:00 ET Summary The yield curve spread that most accurately forecasts recessions is that between the 10-year Treasury bond yield and the 3-month Treasury bill rate. Fed economists and policymakers are also predominantly Keynesian, so they believe in the Phillips Cur...

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...