SPGP News and Press, Invesco S&P 500 GARP ETF From 10/05/22

Summary Chasing performance, fear of missing out, and focusing on the negatives are three common mistakes many investors may make. History shows investors who overreact to near-term market events typically end up doing worse than if they stuck to their long-term plan. Just hav...

Summary Institute for Supply Management’s composite services index decreased to 56.7% in September, falling 0.2 points from 56.9% in the prior month. Among the key components of the services composite index, the business activity index fell 1.8 points to 59. The latest ...

Summary The U.S. International Trade in Goods and Services is published monthly by the Bureau of Economic Analysis; reports include revisions that go back several months. This report details U.S. exports and imports of goods and services. The U.S. Census Bureau and the U.S. Bu...

Summary The Bureau of Economic Analysis weighed in on the discussion yet again last week with the release of the Third Estimate for Q2 2022 real GDP. According to the BEA, GDI is defined as a measure of the incomes earned and the costs incurred in the production of gross domestic ...

Summary The slowdown in US economic growth has yet to reach a tipping point that marks the start of recession. The availability of published data to date provides only a partial profile for August and September. The economic updates over the coming weeks will be critical for d...

Summary The dollar has not only surged but also supplanted U.S. Treasuries as the most effective hedge against equity drawdowns. Record stimulus, both monetary and fiscal, had created a robust recovery and, along with disruptions to global supply chains, the seeds for future infla...

Summary We can always find an unimportant market blowing up somewhere, but as long as the funding markets are not touched, the effects on the real economy will be limited. Based on what I have seen publicly discussed, I see nothing that says that we are in any worse state than pre...

Summary We began September on Crash Watch but ended the month on Crash Warning. Though much has changed since October began, the warning remains until further notice. To be clear, this warning applies to the U.S. and global equity markets. The move to a Warning last week was relat...

Summary The jobs market remains tight, with 4 million more job vacancies than there are unemployed Americans to fill them. Nonetheless, the 1 million drop in vacancies is an early warning that corporate sentiment is shifting, with the uncertain economic outlook prompting firms to ...

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’...