SPGP News and Press, Invesco S&P 500 GARP ETF From 09/21/22

Summary In a time of uncertainty, we believe that quality is the key to investing in equities. But to consistently find companies that meet high-quality standards requires research, judgment and investing skill. In this paper, we identify the characteristics that can help guid...

Summary Through the month of September, we've been on "Crash Watch" over concerns that a global equity market drop could lead to a liquidity-driven margin call across all asset classes. The watch continues through this week's FOMC meeting and then into October. The major drive...

Summary Increasing risks of an economic slowdown or recession are likely to have a negative impact on the largest state revenue sources. The financial position of most states in fiscal 2022 was favorable in the aftermath of significant federal aid due to the pandemic, as well as t...

Summary The recent August print showed that consumer prices continued to rise year over year – albeit more slowly than prior months. We have remained a bit more cautious than the market’s consensus inflation expectations. We’re not convinced that inflation...

Summary Performance charts can mislead investors because sometimes they include rare one-off gains or losses early in the time series. Analyzing rolling returns lessens the importance of buying just at the right time. This article looks at six-month rolling returns for 73 U.S. ETF...

Summary Implied volatility levels have surged over the past two days for the S&P 500. This means the equity market could rally due to a mechanical unwind of volatility. However, this is not likely to change the bearish outlook for stocks. The S&P 500 ( SP50...

Summary Although consumers are benefiting from robust labor markets and strong balance sheets, they appear reluctant to buy high-cost durable goods. A key to navigating inflation risk is understanding its relationship with asset class returns. Historically, high-inflation episodes...

Summary The Buffett Indicator is a valuation measure that compares the stock market’s capitalization to the Gross Domestic Product. A favorite of Warren Buffett, the indicator sits shy of 2.44 times market cap to GDP. That number doesn’t mean much on its own, but it&...

Summary The consensus expectation on Tuesday for August CPI was for a 0.1% decline, but the positive +0.1% monthly gain in the CPI shocked Wall Street. This inflation news spooked Treasury bond yields, pushing 10-year yields up from 3.36% on Monday to 3.42% on Tuesday. Now tha...

Summary The financial markets were shocked by the US CPI for August. The evidence continues to accumulate that inflation is now in a downward trend. The monthly chart shows that the numbers remain very high relative to everything over the past twenty years prior to the past fe...