PLW News and Press, Invesco 1-30 Laddered Treasury ETF From 08/08/23

2023-08-08 00:01:00 ET Summary The tough part to the CPI / PPI data the last 18 months, is that the “compares” for the CPI get tougher as we move through 2023, since CPI inflation peaked in June ’22. One of the problems with hyper-focus on any particular set o...

2023-08-07 18:55:00 ET Summary The stock market was down a little over 2% last week in what may be the start of a larger correction. In the 1970 recession, rates rose right until the onset of recession and hit a new high for that cycle during the recession. The employment repo...

2023-08-07 13:30:00 ET Summary We see emerging markets better withstanding volatility and benefiting as supply chains rewire. We switch our EM debt preference to hard currency from local. Developed market stocks slid last week and long-term bond yields jumped as markets focused on...

2023-08-06 03:41:00 ET Summary The US economy continued to move forward in July, although some portions, especially manufacturing, are stumbling. While job growth remained solid in June, nonfarm payrolls rose by 209,000 for June, the smallest increase since the end of the Covid re...

2023-08-06 03:35:00 ET Summary The two-year versus 10-year Treasury spread narrowed 20 bps this week, the largest narrowing since the banking crisis week of March 17th. The market's probability for a 25 bps rate increase at the Fed’s September 20th meeting dropped from 19% ...

2023-08-06 02:50:00 ET Summary Fitch Ratings downgraded the US government's credit rating to AA+ from AAA, citing the large government deficit and the standoff over the debt ceiling. The downgrade is reminiscent of the 2011 downgrade by Standard & Poor's, which led to a drop i...

2023-08-04 03:11:00 ET Summary The feud between the unions and the movie/television studios centers around demands for higher pay, better working conditions, and protections from AI technologies, which could theoretically replace actors and writers. The stock market continued its ...

2023-08-03 11:00:00 ET Summary Elliot wave expert Avi Gilburt discusses potential for major melt-up in the metals market and a multi-year rally in oil. Waiting for specific setups in the metals and why the 3rd wave is the strongest segment of any market rally. The bond market ...

2023-08-03 09:00:00 ET Summary The US money supply contracted at a slightly slower pace during the latest month for which there are monetary data. Continuing the QT program at the current rate would remove about $380B from the money supply over the remainder of this year. One ...

2023-08-03 06:15:50 ET Billionaire investor Bill Ackman's hedge fund Pershing Square Capital Management is betting against 30-year U.S. Treasuries, calling it a hedge on the impact of higher long-term rates on stocks as well as a "high probability" standalone bet. "There ...