SPGP News and Press, Invesco S&P 500 GARP ETF From 07/28/22

The Fed met market expectations with a unanimous 75 basis-point hike. FOMC lifted the federal funds rate to the 2.25% to 2.50% range and will continue its balance sheet runoff. Fed updated its language to reflect recent economic data, stating that "indicators of spending and produ...

Powell said that policy interest rates are now in the neutral range, the economy has started to weaken, and that the full impact of the rate hikes delivered so far has yet to be felt. Powell also said that the FOMC’s June views on the likely path of rates still stand, and those...

After a 34% drop, the Nasdaq has finally formed a nice bottom. It even started to turn up last week. The other major indexes are following along too. The excess valuations of the indexes has been taken out. Earnings seem to be holding up just fine. The Nasdaq peaked ...

So far, earnings reports are not as bad as feared. I think investors will interpret the Fed's rate decision to be not as bad as feared as well. If we can conclude this week with an inflation report that is not as bad as feared, it should be the fuel for a continuation of the marke...

Financial markets in the first six months of 2022 broke many records, all of them bad. Both stock and bond prices declined significantly during the first six months of 2022, but at the end of that period, stock prices were still 22% higher than at the beginning of the Covid Pandemic. ...

When has being a seller into a well-anticipated event with negative implications for the market ever made any sense? We have had 42 days full of hand-wringing and negative media to contemplate the July 27 Fed meeting. for me, the market has priced this in. After all the higher rat...

The headline number of 95.7 was a decrease of 2.7 from the final reading of 98.4 for June. "The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—fell to 141.3 from 147.2 last month." - Consumer Confidence Surve...

The M2 money supply in June was lower than its May level, and M2 has only increased at a very slow 1.7% annualized rate in the past six months. Monetary liquidity is still abundant, and credit spreads (leading indicators of bankruptcies) are only moderately elevated. Years and yea...

The Fed’s mandate is for stable prices and maximum employment. By understanding the trends within the labour market, we can gain valuable insight into the likely monetary policy actions of the Fed. With an undersupply of workers and cycle low in unemployment, the labour market ...

The Consumer Confidence Index from The Conference Board fell again in July, third drop in a row and eighth in the last 13 months. Within the expectations index, just one of the three components fell versus June. The outlook for the jobs market improved marginally in July as the ex...