RYT News and Press, Invesco S&P 500 Equal Weight Technology From 02/27/23

Summary The S&P 500 has fallen in each of the last three weeks, down just over -4%. Since the market low in October, the S&P 500 Index does remain higher by 11.2%. Incorporating market technicals tends to be helpful in that a wide range of trading activity, including compute...

Summary While the sell-side focuses on sector “market cap weight” in the benchmark, earnings weight matters. Tech sector earnings growth expectation for 2023 is just barely positive. However, the rate of decline in expected growth in the year is still manageable. ...

Summary Once upon a time, dividends played a starring role in equity markets—until 14 years of easy money whetted investors’ appetite for risk and created a massive tailwind for unprofitable, long-duration growth stocks. Valuations appear to be attractive: Stocks yielding ...

Summary Occasionally, there are brief episodes of deflation, but these are typically confined to a severe financial crisis or economic crash such as we saw during the Great Depression or following the Great Financial Crisis of 2007-2008. The Austrian economists gave us the true cause of...

Summary There’s a debate over whether or not the S&P 500’s 2022 closing low in October marked the start of a new bull market. From the bear’s perspective, the tepidness of the rally off those October lows stands out. The market may not exactly be following t...

Summary December 2022 was a gloomy month for the expected future of the S&P 500's dividends. The CME Group's S&P 500 quarterly dividend futures projected dividend payouts would decline during the third and fourth quarters of 2023. S&P reports the amount of dividends per ...

Summary At present, we estimate that a market loss of about -30% would be required to restore expected 10-year S&P 500 total returns to the same level as 10-year Treasury bond yields. It is dangerous and almost superstitious to take the bloated profit margins and corporate earnings ...

Summary S&P 500 blended EPS growth for Q4 increases for the second week in a row, now expected to come in at -4.7%. Peak earnings season rolls on this week with 1,524 global companies expected to report, as investors start to focus on Consumer Discretionary names. Potential surp...

Summary Every three months, we take a snapshot of the expectations for future earnings in the S&P 500 (SPX) at approximately the midpoint of the current quarter, shortly after most U.S. firms have announced their previous quarter's earnings. Standard & Poor's projects ...

Summary If the Fed won’t follow the bond market, maybe the bond market will follow the Fed. Last year’s decline in stocks was not about earnings but about rising interest rates. Shorting options tend to suppress volatility indexes, which is one reason why the VIX has b...