SPGP News and Press, Invesco S&P 500 GARP ETF From 08/30/22

Summary The Bull Case: A pullback into the 4165-4020 region. We then need to see the market hold this region and then turn back up to make one more high. The Bear Case: if we fail to make a new high above SPX 4330 and fall below the 4020 region then 2023 is likely setting up for a...

Summary Interest rates will move higher and remain in restrictive territory for longer than the market currently expects. The length of time required to drive inflation to low and stable levels remains uncertain. The Federal Open Market Committee expects the pace of rate incre...

Summary On 26 August 2022, Fed chair Jerome Powell spoke at the annual Jackson Hole Economic Symposium. His forceful language and deliberate references to the lessons of history laid to rest any hope that the Fed will shift away from its tightening strategy. Equity markets respond...

Summary The latest inflation data suggests that although the rate of rising has slowed, inflation is not going away just yet as the post-pandemic and war in Ukraine era evolves. Therefore, even though there are still reasons to own certain stocks in this market, the pickings may b...

Summary On January 3, 2001, the Fed chair cut the Federal Funds Rate from 6.5% to 6.0% in response to a declining stock market and weak economic activity. Today, the stock market has been in rally mode since June 16, largely on the prospect of the Fed implementing a much-awaited p...

Summary Fed Chair Jerome Powell spoke from the Federal Reserve's annual retreat Jackson Hole on Friday, 26 August 2022. Lévy flights involve large changes in stock prices that occur more often than statistical analysis based on a normal distribution predicts. Our summary ...

Summary NGDP is a much better indicator than inflation, but still not perfect. If we assume the key macro problem is business cycles created by nominal shocks interacting with sticky wages, then aggregate wage income may be a better cyclical indicator than NGDP. A mild slowdow...

Summary The latest bear market pullback is now underway. How low can we reasonably expect stocks to go in the coming weeks? Individual opportunities amid broader market weakness. The latest bear market pullback is now underway . After bottoming in mid-June, the U.S. ...

Summary Global securities finance revenues reached $6.1bn in the first half of 2022, an increase of 12% YoY. Global ETP lending revenues were $453mn for H1, continuing to set new all-time highs, representing a 48% YoY increase. 2022 is off to an impressive start for Securities...

Summary Two shocks pushed the economy off course in the second quarter - Russia's invasion of Ukraine on 24 February and COVID-19 lockdowns in mainland China. Although real GDP decreased slightly in the first two quarters of 2022, do not call it a recession! With global demand...