SPGP News and Press, Invesco S&P 500 GARP ETF From 09/03/22

Summary The Reserve Bank of Australia makes its announcement early Tuesday, September 6. One of the challenges for policymakers and investors is that Australia reports inflation quarterly. The labor and property markets are showing signs of weakening, but the consumer appears to b...

Summary The JPMorgan Global Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell from 51.1 in July to 50.3 in August, its lowest since June 2020. Output only rose in ten of the 30 economies for which data are available, and in five of those - including mainla...

Summary The seasonally adjusted S&P Global US Manufacturing Purchasing Managers' Index (PMI) posted 51.5 in August, down from 52.2 in July to the lowest since July 2020. More positively, supply chain delays moderated in August, and price pressures fell to the lowest for one an...

Summary Initial jobless claims had a strong showing this week as the previous reading was revised lower by 6K to 237K. From that revised level, claims fell another 5K down to 232K marking the lowest reading since the last week of June. That was also handily below expectations ...

Summary Why did markets sell off in the wake of Powell’s speech? U.S. adds 315,000 jobs in strong August showing. Where are home prices declining the most? On the latest edition of Market Week in Review, Investment Strategy Analyst BeiChen Lin and Research Ana...

Summary There was a slight sequential improvement in the forward 4-quarter estimate (FFQE) this week, but the 2023 and 2024 calendar year EPS for the S&P 500 continue to be revised lower. The data really doesn’t give investors confidence that S&P 500 earnings will c...

Summary Stocks have staged an unexpected and impressive rally the last few weeks. With a 17% advance from mid-June through mid-August, the S&P 500 has recouped more than half of its peak-to-trough decline. While inflation may have peaked, it will take time for it to fall back ...

Summary U.S. nonfarm payrolls added 315,000 jobs in August, substantially less than the 526,000 gain in July. Private payrolls posted a 308,000 gain in August, less than the 477,000 gain in July (revised up by 6,000 from 471,000 while June was revised down by 58,000 to 346,000). ...

Summary Jerome Powell attempted to set the tone in his Jackson Hole speech, the Fed was serious about fighting inflation and they would persistently work toward a 2.00 percent inflation rate. There will be more increases in interest rates and the Fed will step up its efforts to re...

Summary Since the last update in June, the NFIB Small Business sales and sentiment measures have only deteriorated further. Usually, small business owners are “optimistic” and believe the future will be better, except during recessionary periods. With sales now a...