SPGP News and Press, Invesco S&P 500 GARP ETF From 07/19/22

Last week, the Labor Department announced that its CPI rose 1.3% in June, higher than the economists’ consensus estimate of 1.1%. But core CPI, excluding food and energy, rose only 0.7% in June and just 5.9% in the past 12 months. The main reason for a higher CPI number is that...

The jobs data takes priority over GDP data in the calculus of how fast interest rates might be raised to combat elevated inflation. For jobs, the pre-pandemic peak is only now being fully recovered, with job vacancies abound and wages rising. Labor force growth is likely to be ver...

Anticipated inflation over the next twelve months based on bond prices has precipitously declined from over five percent to well under two. One potential reason is that an oncoming recession might seriously deflate prices, and quickly. Though, a recession is only somewhat more likely ...

Option skew, or S&P 500 volatility skew, is at its flattest level in 10 years. Option skew provides information on whether fund managers prefer to be buyers or sellers and which options they prefer (calls or puts). Although hedging and protecting equities using S&P 500 opt...

The US Dollar has recently shown strength. Inflation is rather high. The geopolitical situation is unstable. This article examines the present state of the American currency and possible effects on it caused by the geopolitical situation. The Dollar is still strong despite h...

The S&P 500 continues to hold 3,810 or the May 20th low, and hasn’t really re-tested the June 17th 3,636.87 low on the S&P 500. In January 2009, the S&P 500’s rolling 10-year return was low as the 1930s. Clients are being told, 3,500 on the S&P 500 wo...

The guidance in this season’s earnings reports could start to tell us how far earnings are likely to decline and how much is already priced in. The macroeconomic background is as challenging as we’ve seen in many years, to put it mildly. We see a powerful feedback lo...

The biggest market-moving news of the week was the unexpected increase in reported inflation in the U.S. Fed's next actions affecting short-term interest rates in the U.S. will occur within this quarter. If the level of the S&P 500 remains below the 4,000 threshold, that will ...

While the goods-based economy is backing off a little from the overstimulated demand in 2021, it hasn’t backed off as much as expected, thereby frustrating the Fed’s vision of “temporary” inflation, as consumers continued to splurge on goods even as they shifte...

The inflation fears led to concern that the Fed would raise interest rates by a full percent when they next meet and that in turn produced selling in stocks. Non-US stocks continue to struggle and that will probably be the case until the dollar comes back down. Economies are big c...