SPGP News and Press, Invesco S&P 500 GARP ETF From 06/28/22

US and Global markets recoiled from the higher inflation/CPI data last week. The US Fed raised interest rates by 75bp on June 15. It is clear that global markets expected inflation to stay elevated but were hoping for some moderately lower data showing the recent Fed moves had already...

Being stuck with too many goods isn’t necessarily fatal to the global and domestic manufacturing sectors. The scale of the burden is one key worry, though equally so is demand. Demand trouble combined with excessive goods on hand - no wonder the manufacturing sector is real...

What do the technicals currently say? What about the current S&P 500 target price? Some of the best areas of the market right now. For further details see: Has The Market Finally Bottomed?

For the stock market to bottom, we need a clear vision of how the Fed is going to back off on its assault on high-beta assets. There are more excess reserves in the system now, so the much more aggressive rate of QT may not bite right away, but QT has never reached this scale, so high...

Until proven otherwise, the current bounce, as delightful as it may be, still has the hallmark of a bear market rally. The NYAD Advance-Decline line (NYAD) recently made a new low and remains in a downtrend. The S&P 500 (SPX) remains in a bearish lower high, lower high do...

Since they started raising rates late last year the Fed has $540B of unrealized losses. How problematic is this? Just like the Fed’s unrealized losses, the losses you’ve incurred in high quality bonds are just temporary. There’s been a lot of political banter ...

New orders for durable goods increased 0.7 percent in May, following a 0.4 percent gain in April, the 11th increase in the last 13 months. Nearly every major category (six of seven) in the durable goods report showed a gain in May. Durable goods orders continue to be strong, parti...

We remain cautious in equities, but in fixed income, investors now have more yield and credit spread to work with. We think that the Federal Reserve’s rate hikes for this cycle are becoming increasingly priced into the yield curve. Our fixed income team has stress-tested fo...

Growth concerns, inflation and volatility fueled the debate at our Outlook Forum over why we’re entering a new macro and market regime and what that means. Poor activity data reinforced slowdown fears, resulting in falling yields and rising stocks last week. Persistent UK infla...

Markets traded last week as if inflation fear has peaked. The move in cash bond yields really don’t do the shift justice, with the trend still firmly up. Rates futures, however, tell a more interesting story. The Dec-23-Dec-22 curve in the US is now inverted by a whopping 40bp,...