SPGP News and Press, Invesco S&P 500 GARP ETF From 09/07/22

Summary The Fed has made abundantly clear that it will tighten monetary policy until inflation is virtually vanquished. And yet, those who have no choice but to be nearly fully invested at all times have completely ignored this fact and were left trying to convince the investing p...

Summary With the Fed draining $95 billion in liquidity from the banking system as it accelerates QT, things could go from bad to worse, although bearish sentiment is increasing and the market is getting very oversold. There are still areas of the market that are worth considering,...

Summary The S&P 500 moved back toward bear territory in the trading week ending on 2 September 2022. The major factor driving that development was Vladimir Putin's announcement that Russia would shut down gas pipelines going to the European Union indefinitely. If not for t...

Summary The August US Services Purchasing Managers' Index conducted by S&P Global came in at 43.7%, down from the final July estimate of 47.3 and in contraction territory. August saw the US economy slide into a steepening downturn, underscoring the rising risk of a deepening r...

Summary You have good reason to be concerned about a recession. The yield curve remains inverted, and GDP contracted for two consecutive quarters. Here I want to urge investors to understand the limitations of these popular signals before taking action. After all, what gets us...

Summary With the Fed hiking rates, high inflation, and slower economic growth pending, a continuation of that earnings decline remains highly probable. The earnings surge in 2021 is something never witnessed previously and must eventually revert to norms. The most significant ...

Summary Business activity has a reliable cycle. Outlandish stimulus in 2020 has made the economic system unstable. The Fed is now draining liquidity, causing the markets to become more volatile. In January 2021 I published "Market And Earning Cycles Point To A Pa...

Summary The Institute for Supply Management’s composite services index increased to 56.9 percent in August, rising 0.2 points from 56.7 percent in the prior month. The services employment index improved in August, rising just above the neutral 50 level, coming in at 50.2 pe...

Summary Policymakers are recognizing a new macro regime but are ignoring the trade-off between inflation and growth. A resulting recession is bad news for risk assets. Stocks fell last week after hawkish comments by Fed Chair Jerome Powell and data showing another month of jobs ga...

Summary The market has been following a relatively clear structure over these last few months. We are now coming to the apex of that clarity. Over the coming several weeks, the market will provide us with the structure as to which direction the next 500+ point move will take u...