RPG News and Press, Invesco S&P 500 Pure Growth From 02/07/23

Summary S&P 500 blended EPS growth for Q4 continues to fall, now expected to come in at -5.3%. Peak earnings season rolls on this week with 1,447 global companies expected to report. Potential surprises this week: PYPL, HLT. Another week, another tick down for Q4 S&...

Summary The trajectory of the S&P 500 shifted downward to close the week at 4,136.48, still up from the previous week's close. The week also saw continued improvement in the expectations for the S&P 500's quarterly dividends per share during 2023. The FedWatch tool anticipat...

Summary We likely experienced peak rates of inflation during the fourth quarter of 2022, and as price increases abate, the coming months may bring the end of the central-bank tightening. However, we believe inflation is likely to remain above the historically low levels experienced duri...

Summary Why investors may be missing the big picture in the markets. Equity markets are facing volatility, but opportunities remain. Markets are off to a strong start, but that may fade soon. Equity markets are off to a strong start this year, but those gains are b...

Summary It's been a while since we've seen a meaningful top in this bear market. Incidentally, 4,200 in the S&P 500 is the 20% bear market bounce many market participants have eyed as a plausible near-term top. The Fed, inflation, worsening economic readings, the consumer, an ea...

Summary There's a massive repricing in rates taking place. The Fed Funds Futures now see a peak terminal rate of 5.1%. The odds are rising that rates go even higher than those projections. All it took was one data point, and now the market is suddenly not only seeing things th...

Summary The market action is still confounding most analysts and investors. You may simply be looking at the market through the wrong prism. 4105SPX is the level you need to watch early in the week. When the market was bottoming on October 13 of 2022 at 3500SPX, the member...

Summary The February 2nd, 2023 rally in the corporate high yield asset class was the strongest day of spread narrowing since November ’20. Spread tightening over longer periods of time is a positive underlying condition for both the US stock market and bond markets, as well as th...

Summary Last week gave the bulls everything they could have reasonably wanted. An obliging FOMC, strong data, and positive technicals, all contributed to the rally to 4195. The only 'problem' is that with everything going right, something can easily go wrong. Bears will look for a s...

Summary Market movements this year indicate that many investors don't believe that the Federal Reserve will really live up to its picture of continued increases in its policy rate. Mr. Powell, Federal Reserve Chairman, does not seem to have the confidence of the financial markets and on...