SPGP News and Press, Invesco S&P 500 GARP ETF From 11/01/22

Summary Barclays Aggregate is down almost as much as the S&P 500 YTD. As of 10/31/22, the YTD return on high yield is far better than the return on corporate high-grade. There is relative value being created in the various bond market asset classes. Looking at th...

Summary It is no surprise that with a retreat of 10-year Treasury yields off the highs of 4.33%, the stock market had a big rebound last week. When it is up to the bond market to decide what happens to stocks, then it is up to Jerome Powell, who will be delivering his FOMC press c...

Summary Inflation remains high, and the labor market is still very tight. The quits and jobs opening rate from JOLTS shows that openings and quits have fallen in the last few months. The economy may be slowing, but there is still considerable wage pressure adding to inflation....

Summary It’s not often that you see moves of such a large magnitude in the S&P 500, especially when they’re to both the downside and upside. In terms of downside of 7.5%+ months, this year has been even more extreme. While market-makers may be loving the vola...

Summary The number of open positions in the private sector increased to 9.668 million in September, up from 9.240 million in August. Private sector layoffs and discharges also decreased in the latest month, dropping to 1.247 million, down from 1.405 million in August. The numb...

Summary Adjusted for inflation, September 2022's estimated median household income of $78,595 represents a new record peak for this demographic characteristic, exceeding the previous peak of December 2021 by $641. We see that real earned income increased during the third quarter o...

Summary Most of the media tends to focus on the results of the 30-stock DJIA, which gives you a distinct happy view that this senior index is up +14.40% from its low point, which is in the mid-range for rallies after a sizable decline. A much larger sample found in the S&P 500...

Summary Despite some headline misses in big tech, markets ended the week with a significant rally and the Dow realized its fourth consecutive winning week. This week, we get Q3 results from 167 S&P 500 companies from a smattering of sectors. November 3 is predicted to be t...

Summary Virtually all of the Q3 2022 GDP growth was attributable to a lower trade deficit that added 2.77% to GDP growth. Most of that came from higher petroleum exports, due largely to one million barrels per day being released from the SPR. In two to three years, I expect energy...

Summary October started strong and then slid to new lows but managed to rally back toward the month’s end. The current decline in the market has only reversed the extreme extension above the 200-week moving average. We suspect that the risk of a recession in 2023 is sub...