SPHB News and Press, Invesco S&P 500 High Beta From 12/04/23

2023-12-04 14:45:00 ET Summary Bill Ackman, the legendary hedge fund manager, has noted in the last two weeks that the FOMC is likely much closer to cutting rates. The point is that no matter what Powell and the FOMC say, monetary policy can and will change quickly. If there a...

2023-12-04 13:29:00 ET Summary The S&P 500 value index is up nearly 15% and international value stocks are up nearly 10%. Gold and commodities are also both up over that time, but small and midcap stocks and REITs are all down. There’s been a lot of chatter recently tha...

2023-11-28 05:51:00 ET Summary Equities have an important role to play in a diversified allocation today, to help hedge against inflation and to navigate a lower-growth environment. This year, the ERP for US stocks has declined. Our ERP metric shows the earnings yield of the S&...

2023-11-27 20:47:00 ET Summary The Thanksgiving holiday-shortened trading week saw the S&P 500 close at 4559.34, up 1.0% from the previous week's close. October 2023's short-term spike in long-term U.S. Treasury rates occurred just one month ago, so the model's raw projections...

2023-11-27 08:33:00 ET Summary While there has been a sharp decline in the expected Q4 ’23 S&P 500 EPS growth rate from 12.7% on 9/30/23 to 5.4% on 11/24/23, this is less worrisome given the y.y compare with Q4 ’22. The S&P 500 has not made a new high since t...

2023-11-27 03:08:00 ET Summary Q4 ’23 S&P 500 EPS has a weak comparison vs. year ago, to be sure, and if we “ex-Energy” from Q4 ’22, the quarter was even weaker at -7.2%. The one critical aspect to earnings reports that began last week with Walmart ...

2023-11-21 07:40:00 ET Summary When the end of the year comes, and you look at your performance relative to the S&P 500 index, you will likely be disappointed. The financial services industry is predicated on upsetting people so that they will move money around in a frenzy. ...

2023-11-21 06:30:00 ET Summary Stock markets can go up a lot without a correction, but then when a correction comes, it tends to be a lot bigger than most people would like it to be. From a seasonal perspective, Thanksgiving week tends to be one of the most positive weeks of the y...

2023-11-21 06:04:06 ET Summary SPHB tracks 100 high-beta S&P 500 stocks. Launched in May 2011, the ETF has a reasonable 0.25% expense ratio, but has failed to gain much interest from an AUM perspective. Despite an upward-trending market over the last ten years, SPHB has lagged...

2023-11-21 02:03:36 ET Summary The Invesco S&P 500 High Beta ETF seeks to track the S&P 500 High Beta Index, consisting of the 100 stocks with the highest beta. SPHB has underperformed the S&P 500 on both an absolute and risk-adjusted basis, but its exposure to mid-cap...