SPGP News and Press, Invesco S&P 500 GARP ETF From 09/14/22

Summary After the July CPI report set up some hope that both headline and core inflation were moderating, the August CPI report significantly outpaced consensus expectations. The August CPI report suggests U.S. inflation will take longer to decline. New projections will be rel...

Summary Stocks plunged today because core inflation is worse than expected, and that’s mostly services. Why is service inflation getting worse? Because it responds with a lag to increases in nominal GDP. Much of services inflation is wages and implicit rents. Wages are ...

Summary The federal government’s Bureau of Labor Statistics released new price inflation data today, and the news wasn’t good. According to the BLS, Consumer Price Index (CPI) inflation rose 8.3 percent year over year during August, before seasonal adjustment. Th...

Summary Why an economic soft landing for the U.S. economy is becoming less likely. How softer commodity prices could become an economic bright light. Do job losses have to happen to get inflation under control? Of all the U.S. economic reports released monthly, the j...

Summary AIER’s Everyday Price fell 1.3 percent in August after a 0.6 percent drop in July. Motor fuel prices more than accounted for the overall drop in August, offsetting significant increases in other key categories. Price pressures for many goods and services in the ...

Summary The global PMI pricing pressure indicator has rolled over from its peak earlier this year. If the past correlation to commodities holds, there should be further easing of pricing pressure as commodities weaken. Pricing pressure remains an obstacle to any potential poli...

Summary The CPI came in much hotter than expected. Again, stocks find themselves off-side and cratering. Given the move higher in rates, stocks may be heading to new lows. Stocks may be heading to new lows, and the QQQ ETF ( QQQ ) may lead them there as real rate...

Summary After a rocky first half of 2022, particularly for China's economy, the value of goods traded between the U.S. and China increased year-over-year during July 2022. The increased activity corresponds with improvements in China's domestic economy, which is being held back by...

Summary Stocks and bonds and commodities continued to trade and move around in price but there was no news to which those movements could be attributed. Most of what passes for news, the things people credit with moving markets on a day-to-day or week-to-week basis, is nothing mor...

Summary Gold has nearly kept pace with equities, but there have been periods when equities have performed much better than gold. The S&P 500 to gold ratio can be a useful tool to measure investor sentiment around stocks and gold. Could we be on the precipice of another per...