SPHB News and Press, Invesco S&P 500 High Beta From 10/31/22

Summary Why some earnings results are surprising to the upside. Big tech is stumbling out of the earnings gate, and it was to be expected. The inflation factor: Good for some earnings, bad for others. Several U.S. bellwethers have reported their quarterly results. Wh...

Summary The S&P 500's trajectory during the week remains consistent with investors focusing on the current quarter of 2022-Q4 in setting current day stock prices. While the remainder of 2022-Q4 may not be quite as volatile as 2022-Q2 was, the one thing that can prompt investor...

Summary Central banks across the globe are not in lock step with the U.S. Fed. Could this limit what the Fed could do? Will the Fed start signaling a less hawkist direction for rates? Finding bright spots in the fixed income market. Bank of Canada raised overnight ...

Summary Do corporate earnings disappointments signal a weaker economy and easing inflation pressures, which could end this scary market—or are there more twists to come? When we look in detail at last week’s disappointing third-quarter reports from five of the bigges...

Summary The S&P 500 forward 4-quarter estimate (FFQE) fell to $229.54 from last week’s $232.61, or a sequential decline of -1.32%, which is the largest sequential decline since early August ’22. Earnings yield fell to 5.88% from 6.20% last week. After the nea...

Summary With this month's hike, the Federal Reserve would have raised overnight rates by 300 bp while doubling the pace that its balance sheet is shrinking over the past 100 days. The JPMorgan Emerging Market Currency Index stabilized in October after falling by nearly 8.5% in the...

Summary Many investors and traders seem to follow the wrong signs for market direction. The market has been proving its bullish intent of late. The next two weeks are going to test the bullish resolve of the market. It really is entertaining watching people. Whether ...

Summary The more the market rises, the more unlikely it will be for the Fed to signal a change in its policy path. The Fed needs financial condition to remain tight for some time. Rising stock prices help to ease those conditions. Hopes of a dovish pivot are becoming...

Summary Below, we look at three global markets, including two U.S. markets that appear to have incomplete uptrends off the COVID lows. I will also discuss the S&P 500 levels I am watching to confirm a new uptrend, plus I discuss the markets that are setting up to make a new hi...

Summary It was a difficult third quarter, with the S&P 500 down nearly 5%, which added to the painful year-to-date returns investors have experienced across the board. While the market’s expectations have also moved higher regarding rate hikes, they’ve remained a...