SPGP News and Press, Invesco S&P 500 GARP ETF From 10/07/22

Summary In this article, we assess how tricky the market environment has become as the Fed is fighting inflation in a growth-slowing environment. Unfortunately, economic numbers are still too strong for the Fed to communicate a potential pivot. Hence, the problem is that we ne...

Summary The equity market rebound this week has triggered a new series of calls for a bottom. Bottoms rarely form when investors expect them. The rebound this week benefitted the energy sector the most. Inflationary pressures remain strong in addition to geopolitical risks...

Summary Investors can throw out projecting an end of fed fund rate increases based upon inflation, unemployment, or other macroeconomic factors. The end of Fed tightening will come when something breaks. Cracks are forming. My biggest concern is that further tightening will test t...

Summary Atlanta Fed President Raphael Bostic on Wednesday suggested a pivot may come after two more rounds of rate hikes at the upcoming Nov. 2 and Dec. 14 FOMC meetings. The Fed funds target rate is currently 3.0%-3.25% and Fed funds futures are pricing in high odds that it will ...

Summary A critical factor contributing to the market's downward trajectory this year is the high level of inflation and the Fed's higher interest rates. The pandemic and the related shutdowns create a unique environment making it difficult to interpret some of the recent economic ...

Summary Employment data released today gives some indication the job market is weakening. The third quarter job-cut total is higher than the third quarter of 2021. With today's report, the number of jobless claims again rose above the one-month average. It seems the Fed sh...

Summary For the second week in a row, bullish sentiment rose week over week to come in at 23.9%. After two consecutive weeks of readings above 60%, bearish sentiment has turned lower, falling to 54.8%. Neutral sentiment also rebounded slightly, rising from sub-20% (the lowest ...

Summary Initial claims for regular state unemployment insurance jumped for the week ending October 1st. Overall, the level of weekly initial claims for unemployment insurance remains very low by historical comparison. Continued elevated rates of price increases, an aggressive ...

Summary The world is obviously a mess. What is obvious, is usually wrong. Fund-flows and fear drive the market. There are reasons to be bullish on the market. The world is obviously a mess; all of the world economies are on the verge of collapse, and the Fed is g...

Summary In the week ending October 1, the advance figure for seasonally adjusted initial claims was 219,000, an increase of 29,000 from the previous week's revised level. The 4-week MA gives an indication of the recurring pattern of seasonal change. Because of the extreme vola...