SPGP News and Press, Invesco S&P 500 GARP ETF From 10/04/22

Summary Taken by themselves, yesterday’s moves in all three asset classes were large but hardly out of the norm. What was unique about yesterday, or at least used to be considered unique, was the fact that all three asset classes rallied 1.5%+ on the same day. It’...

Summary Geopolitical tensions, elevated market volatility, and the fastest pace of central bank tightening in decades are contributing to an unusually uncertain economic environment. In addition to higher income potential, yields are high enough to provide the potential for capita...

Summary The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics show the total number of job openings in the economy dropped to 10.053 million in August, down from 11.170 million in July. The industries with the highest openings are education and heal...

Summary Political Calculations' initial estimate of median household income in August 2022 is $78,075. The first half of 2022 saw median household income decline in real terms, coinciding with a technical recession for the U.S. economy. President Biden's inflation has been les...

Summary We expect macro headwinds will continue to pressure U.S. corporate earnings in the coming months. We expect earnings expectations to decline as multinational firms realize foreign exchange headwinds that accelerated over the past year. Investors can avoid undue interna...

Summary The Fed’s goal is to inflict quick, near-term pain on the economy in exchange for long-term price stability and future economic gains. When it comes to inflation, the good news is that it appears to be peaking, and many economists see the declining inflation trend c...

Summary The Federal Reserve continued to raise short-term rates in their battle to slow inflation in the third quarter. The end of the quarter saw Hurricane Ian deal a lethal blow to southwest Florida. The economic impact is severe and portends a big downshift in the economy o...

Summary Last week, the 2-year Treasury rate rose above 4.3%, the 10-year Treasury rose above 3.9%, and mortgage rates topped 7%, their highest level in 20 years. By reducing its balance sheet by $95 billion per month, the Fed has sent the 10-year rate substantially higher. The...

Summary Elevated inflation, currencies, slowing global economic growth expectations, and reduced central bank liquidity remain key economic considerations. Volatility measured by the VIX spiked in September after declining in August. This wall of worry is real, but it is impor...

Summary After the S&P 500 peaked in March, 2000, at 1,550, there wasn’t a new all-time-high made consistently until early May, 2013. The returns are dropping sharply thanks to this year's equity market. It’s always hard to make a case for “non-USȁ...