RPG News and Press, Invesco S&P 500 Pure Growth From 01/26/23

Summary As we look to 2023, we don’t believe a recession is inevitable as many do; a soft landing is within the realm of reason, or at the very least, a no landing, as was the case in 2022. We’ve long held to a proprietary investment approach which postulates that three cy...

Summary The S&P 500 is very expensive on a PE multiple basis. The index is also very expensive relative to the 10-year rate. This is for earnings growth that is deteriorating. The next leg of the bear market could be here, as investors begin to turn their attention awa...

Summary While 2022 was one of the toughest years ever for markets, the final quarter provided some relief. Major central banks, including the Fed, European Central Bank, and Bank of England, continue to wrestle with stubbornly high inflation rates. There's much disagreement about wh...

Summary S&P 500 blended EPS growth for Q4 fell in the most recent week, to -4.6%, the lowest rate in over 2 years. Earnings pick up this week, with MSFT, TSLA, IBM and INTC in focus. Potential wins this week include: Danaher, Weyerhaeuser. Peak weeks for Q4 season are from J...

Summary With U.S. valuations now closer to the post-GFC average, inflation is likely to be the swing factor for markets in 2023. While the average return following down years is in line with the long-term average, this measure conceals a good deal of variation. If the fight against ...

Summary The common mechanical cause and effect paradigm has left investors holding the bag at all the tops and bottoms struck these last 4 months. There is a much better and objective manner in which one can approach the market. I still think we are heading to 4300SPX, and I analyze...

Summary S&P 500 ended the week down 26.48 points from the previous Friday, closing at 3,972.61. We find the level of the S&P 500 is consistent with investors holding their focus on 2023-Q1, which itself is consistent with the expected timing of the peak of the Federal Reserve's ...

Summary Past episodes of debt ceiling histrionics have resulted in temporary government shutdowns. With both sides seemingly dug in, a repeat of the 2011 episode cannot be ruled out. In 2010, republicans controlled the House and demanded that President Obama negotiate over deficit r...

Summary Q4 ’22 and the first 6 months of 2023 are likely to see earnings weakness within the S&P 500. However, Q4 ’23 and 2024 data show that the dynamic starts to change and - at least as of this week - S&P 500 earnings weakness is expected to reverse. Given h...

Summary We have hit the debt limit; we have a problem. How can we put off the problem and make someone else deal with somewhere down the road? Both political parties, in my opinion, don't really want a solution to the "debt" problem; they just want to send it off once again into the...