PLW News and Press, Invesco 1-30 Laddered Treasury ETF From 07/19/23

2023-07-19 07:20:00 ET Summary Policymakers will do whatever it takes to bring down high inflation, as we have seen from the 15-month interest rate campaign. Today, central banks around the world are battling with the decision on whether to skip, pause or continue to hike rates, w...

2023-07-19 05:04:00 ET Summary There is about an 18-month lag between changes in home prices and changes in the Owners' Equivalent Rent component of the CPI. The Fed needs to realize this now, and at the very least make it clear at next week's FOMC meeting that it plans no further...

2023-07-19 04:54:00 ET Summary The yield curve is the difference between the current 10-year T-Note yield and the 2-Year T-Note yield. The Fed Funds Rate is the rate the Fed sets on overnight money to establish the demand for money necessary to get inflation to its 2% target. ...

2023-07-18 21:43:00 ET Summary The market discount sees a Mexican central bank rate cut from November. We agree, and we in fact can see rates being cut faster than the market discounts thereafter. This can be gleaned from the appreciation in the peso and falls in market rates....

2023-07-18 09:35:00 ET Summary The Consumer Price Index rose just 0.2% in June - and only 3% in the past 12 months - very close to the Fed’s 2% goal. Producer Price Index provided even better news, as it rose only 0.1% in June, the slowest rate in almost three years. Treasu...

2023-07-18 06:30:00 ET Summary Inflation dominated the headlines and there was widespread consensus among economists that a recession was imminent. The Fed has raised the Fed Funds rate multiple times this year, but those rate increases have clearly done nothing to slow the econom...

2023-07-18 05:20:00 ET Summary While we made it to fresh 2023 highs on the back of the good CPI numbers released last week, the stock market averages tended to make most of their gains in the pre-market session. The S&P 500 has already notably undercut the 50-day moving averag...

2023-07-17 21:09:00 ET Summary The annual U.S. CPI rate is, in part, benefiting from what economists call "base effects". Shelter costs account for nearly a third of the CPI. For the last six months, the month-over-month headline rate has been trending at just over 0.25%, or a...

2023-07-17 12:57:00 ET Summary A few weeks ago, it appeared to me that stocks were starting a correction. I was clearly wrong about that as the S&P 500 and NASDAQ have moved higher since then and the rally has broadened out. Small cap, real estate, and commodities continue to ...

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...