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

Second Quarter GDP recently contracted by 0.9%. Combined with the contraction of 1.6% in the first quarter, the economy is now in what historically has been deemed a recession. The administration and most of the media have pushed back on this narrative, sighting yet another strong mon...

Compounding interpretation of the data now is the issue of the pandemic and the consequences of an ill-advised global economic shutdown. Some economists contend two quarters of negative GDP alone is not a sufficient indication of a recession. Certainly, some market sectors and ind...

Persistently elevated rates of price increases and an intensifying Fed tightening cycle are impacting economic activity. Real final sales to private domestic purchasers have shown greater resilience. Initial claims remain at a very low level by historical comparison, but a clear u...

We prefer investment grade credit over equities right now. Our reasoning: valuations, strong balance sheets, low supply and moderate refinancing risks. U.S. data last week showed strong job creation but still low labor participation. Stocks lost steam and bond yields spiked as markets...

Elevated inflation, slowing global economic growth expectations, and reduced central bank liquidity remain the key economic considerations. The policy interest rate divergence between the U.S. and Europe is likely to increase amid heightened recession risk in Europe. We expect mar...

The first week of August 2022 lacked any real fireworks for the S&P 500 (SPX). The index rose 14.90 points (+0.4%) from the previous week to close the week at 4,145.19. The actual trajectory of the index however remained within the range that is consistent with investors focusing ...

Some very reputable economists and market strategists are convinced the bear market will continue. I think they are underestimating the strength of the economic and market fundamentals. The distortions to this economic cycle brought on by multiple factors have made this a very aty...

Two economic reports from last week, attempting to measure essentially the same thing, reported results that were so different they could be about two different countries. The rising rate, rising dollar environment is intact. The 10 year Treasury rate is in a short-term downtrend but ...

Raising the Federal Funds Rate in combination with a shrinking M2 money supply will keep inflation under control. The yield curve of 10-year government bonds minus the 3-month yield curve will invert and a recession is imminent. On the short term: the stock market will crash, and ...

Whether the U.S. is actually in a recession is debatable, but high inflation will affect companies both positively and negatively. The release of second-quarter Gross Domestic Product numbers late last month set off a debate around the state of the U.S. economy and whether it is curre...