RPG News and Press, Invesco S&P 500 Pure Growth From 01/04/23

Summary Last year turned out to be the 4th worst year in the stock market since World War II (1945) and also marked the worst year since 2008. The bond market also suffered what many pundits are describing as the “Worst Bond Market Ever”. The stock market is up 81% of ...

Summary The St. James Investment Company is an independent, fee-only, SEC Registered Investment Advisory firm, providing customized portfolio management to individuals, retirement plans and private companies. As it’s likely inflation and interest rates will dominate the investmen...

Summary As I expected early in December, Santa Claus never made an appearance. However, I didn't expect the VIX to exit the year near the lows December started at; surely, the selling in December would reset the VIX. But with the VIX starting 2023 near those lows, it looks to be set...

Summary It certainly feels as if we’re entering a new era for investors, and that can be pretty unsettling, particularly after a year like 2022, where we saw extreme volatility and stock markets around the world declining. Over the last four decades, investors have really benefit...

Summary After starting at its all-time record high, the S&P 500 dropped into bear territory in 2022. On the final trading day of 2022, the CME Group's FedWatch Tool was still projecting just a quarter-point rate hike at both the Fed's upcoming 1 February and 22 March (2023-Q1) meeti...

Summary For many investors who started their investing journey following the financial crisis, forward returns will be disappointing compared to the last decade. After more than a decade, many investors have become complacent in expecting elevated rates of return from the financial mark...

Summary There seems to be a widespread view that employment is a lagging indicator of changes in the business cycle. The growth rate of payroll employment slowed sharply in the 6 months before the onset of recession. When there is no unexpected shock like Covid, it seems as though e...

Summary Lehman declared bankruptcy on September 15, 2008. Let’s compare SPY in 2022 to the experience of 2008 before the Lehman bankruptcy which then punctuated a year-long downside drift. 2022 has exhibited a downside drift much like early 2008. Now what? There will be a capitul...

Summary 2022 was a disappointing year for both stock and bond investors. The real (inflation-adjusted) 25% loss in stocks is in the bottom decile. The real 20.3 bond loss is the worst in the past 97 years, and greater losses could lie ahead. The following 2 histograms and ...

Summary With 2022's final trading day done and dusted, we move into 2023 with cautious optimism. Strategists have gotten their 2022 EPS target for the S&P 500 spot on. However, they didn't anticipate a valuation compression due to significant macro headwinds. Could 2023 be any d...