SPGP News and Press, Invesco S&P 500 GARP ETF From 08/02/22

We’ve had two consecutive quarters of negative GDP growth, but what’s happening under the hood? The hangover of pandemic policies like lockdowns, in addition to fiscal, monetary, and regulatory policies animated by ideology rather than sound economic principles, are bear...

Over the course of the first six months of the year, real GDP declined by 0.63%. Today, the economy is only about 2.2% below its most recent trend, but it is a gigantic 26% below its long-term trend. Recession Lite seems like an apt descriptor for today's economy, because a lot of...

The final July results from the University of Michigan Surveys of Consumers show overall consumer sentiment remained near record lows. The one-year inflation expectations fell to 5.2 percent as of late July. The plunge in consumer attitudes reflects a confluence of events with inf...

I look at the conditions for buying that were stated in the previous article. Those conditions have now been satisfied. I show how you can buy the bottom with relative safety. On June 16, I posted an article on Seeking Alpha, “How To Tell When the Bear Market ...

The final week of July 2022 came with two major news events shaping S&P 500 investor expectations for the future. The Fed hiking rates into an already weakened economy increases the likelihood the Fed's efforts to fight inflation by hiking short-term interest rates will more fully...

The S&P 500 rallied 4.3% (down 13.3% y-t-d), and the Dow rose 3.0% (down 9.6%). The Banks gained 2.1% (down 18.0%), and the Broker/Dealers recovered 4.8% (down 11.0%). The Transports advanced 5.8% (down 11.3%). Investment-grade bond funds posted outflows of $2.442 billion, whi...

On Friday, the S&P 500 closed over 140 basis points higher on the back of favorable earnings from Apple, Amazon, Chevron, and Exxon. Between the start of August and the end of the calendar year, the index has averaged a gain of 8.0% (median: +10.0%), gaining 80% of the time. B...

At this moment, the difference between GDP and GDI has no historical precedent, and the GDI, in the first quarter, came with a positive number, while the GDP fell. As suggested by the resilience of private consumption in the second quarter, the labor market remained tight. Markets...

Inflation is still high, but it is no longer accelerating rapidly, and evidence of increasingly fragile economic activity is piling up. The headline surveys have weakened materially, especially in Europe, and the US economy entered a technical recession in the first half of the year. ...

Inventories have risen recently and there has been a lot of commentary about how this will negatively impact the economy. My brief overview of markets is that large growth stocks are still overvalued even as they led the recent rally. The sentiment about the economy is still quite...