SPHB News and Press, Invesco S&P 500 High Beta From 07/22/23

2023-07-22 05:40:00 ET Summary We’ve been anticipating a recession for some time, but I believe the US economy is too strong to experience one this year. Core inflation has been stubbornly high, but I expect it to fall as the impact of flattening home prices makes its way i...

2023-07-21 22:54:00 ET Summary Lower real return: after factoring in inflation and taxes, the real return of a money market is much lower than investors may expect. Lower long-term performance: longer-term government bonds, corporate bonds, and stocks have historically returned mo...

2023-07-19 06:36:00 ET Summary Nasdaq’s plan to reconfigure the weights of its constituents should prompt investors to think about the broader concentration risks in US equity markets, particularly in passive portfolios. Concentration risks extend beyond Nasdaq. The broader...

2023-07-18 11:20:00 ET Summary One of Wall Street’s famous maxims is that bull markets climb a wall of worry. On that score, there’s no shortage of real and potential hazards lurking. The reflation trade is easing, which helps fuel the risk-on appetite. For the m...

2023-07-17 13:15:00 ET Summary The global custodial banks like State Street, Bank of New York Mellon, and Northern Trust don’t look very healthy. The interesting part to the 2023 S&P 500 EPS data is that 2023 is now expecting 0-1% EPS growth for 2023. We could defin...

2023-07-07 21:30:00 ET Summary Yesterday’s news that US companies accelerated hiring in June strengthens confidence that the Federal Reserve will continue to lift interest rates to tame inflation. In turn, equity risk factors with the strongest gains this year may be vulner...

2023-06-27 19:25:00 ET Summary The US stock market has pulled back after briefly hitting a 14-month high on June 16. Looking at the stock market’s momentum bias via a pair of ETFs suggests that the bulls are still driving the trend. Looking at risk from a global asset a...

2023-06-26 21:42:00 ET Summary The bedrock of the asset allocation process is to create strategic allocations that work over the longer term, while then modifying those positions in response to the market realities. Some of what we have seen during 2023 has been due to exuberance ...

2023-06-26 13:22:00 ET Summary The S&P 500 (SPX) receded during the trading week ending 23 June 2023. The index closed the week at 4348.33, down almost 1.4% from the previous week’s closing value. The news of the week was relatively quiet outside of items involving...

2023-06-26 12:25:00 ET Summary The market took a well-deserved rest last week after hitting a 2023 high on June 15th. The S&P 500 finished Thursday, June 15 at its highest level in 14 months. The index is up 13.3% year to date and is 9.3% below its record-high close on January...