SPGP News and Press, Invesco S&P 500 GARP ETF From 07/11/22

The S&P 500 has bounced more than 6% off its June low. There are signs that inflation is abating, while last week's jobs report shows the resiliency of the economy. The Fed still has the ability to pull off a soft landing during the second half of this year. That is my bas...

With the Fed voicing its intention of reversing its easing policy and beginning to tighten, it is logical that sooner or later signs of less liquidity would begin to surface. The area of commodity futures is more often based on speculation than anything concrete. It is also highly lev...

June saw us hit what I call the “growth concern phase” of this tightening cycle. As equities declined, credit spreads widened and global yields rose in the first half of the year, it was only a matter of time until conditions tightened enough to slow growth to the point ...

Stock price volatility was normal throughout the week. The index closed the week at 3,899.38, putting it 18.7% below its all-time record high from 3 January 2022. Wall Street gyrates to muted close as investors weigh jobs data in rate debate. The S&P 500 (SPX) tracke...

The employment report released last Friday was better than expected, but the response by bulls and bears alike was exactly as expected. The employment report was indeed better than expected, the gain of 372k jobs well in excess of expectations of 240k. The bulls were quick to poin...

While resiliency is a positive sign for the economy, a strong job market will make it harder for the Fed to bring down inflation. The Labor Force Participation rate dropped back to 62.2%. YoY, this June is lower than last June by 185k jobs. Despite a job report that beat expectati...

The “forward 4-quarter” estimate for the S&P 500 has slid sequentially for the last two-three weeks falling to $240.83 from $241.70 two weeks ago. The airline stocks, which have never been owned in any size in the last 20 years – with the occasional trade made...

The LIBOR replacement, SOFR, is failing to measure credit risk at a time when managing this risk is most important. The coming market failure will thus be partly a result of financial regulators’ myopic approach to protecting market stability. Regulators protect components ...

First of all, payroll figures out on Friday looked quite good. That is, wage inflation continues to moderate and unemployment is low at 3.6%. We analyze yield curves, technical data, prior bear markets and corporate earnings among other metrics looking for signs of a bottom. The d...

The S&P 500 rebounded sharply this past week. That rally is likely to melt away as liquidity has been getting sucked out of the system. There is a rebound coming, but maybe in late July or early August. This was originally published for subscribers of Reading The M...