SPMO News and Press, Invesco S&P 500 Momentum From 03/31/24

2024-03-31 21:54:42 ET Summary Investing in small caps and various sectors still offers opportunities, but caution is advised due to the potential for a market reset. The current economic environment is favorable for stocks, with the Fed indicating no rush to cut rates. Tech s...

2024-03-31 16:00:00 ET Summary The S&P500 closed Q1 at 5254 with a PE ratio of 24.6. It can be difficult to buy this high, but inflection points in the trend help to define and minimize risk. The strong close to the quarter favors continuation in April and Q2, with no real...

2024-03-31 12:30:46 ET Summary A strong first quarter performance for the major market averages suggests a positive outlook for the rest of 2024. Financial conditions are easing and positive rates of change in the manufacturing industry and housing market are supporting economic e...

2024-03-31 12:13:30 ET Summary S&P 500 reaches new historical high, marking the 22nd all-time high of the year. Economy performing well with upward revision of fourth quarter 2023 numbers. Excitement over artificial intelligence technology remains high; there are still exp...

2024-03-31 06:15:00 ET Summary April's first week will bring significant data on the jobs front, including the ISM purchasing managers indexes, ADP Job, JOLTS report, and employment report. The state of the economy and market reactions will be determined by these data, with a focu...

2024-03-30 09:30:00 ET Summary The macroeconomic and geopolitical developments have not changed substantially over the past month. For all practical purposes, the eurozone and UK economies are stagnant, but the respective central banks also do not appear in any hurry to begin easi...

2024-03-30 08:38:23 ET Summary The January core PCE data spiked by 0.5%, after the revision - that's significant. The February core PCE confirms that inflationary pressures are building. Thus, the Fed is unlikely to cut in June, and the stock market could sharply correct if th...

2024-03-30 05:58:04 ET Summary Financial conditions loosened further, building on the Fed's Q4 dovish pivot. For the quarter, the S&P 500 returned (price and dividends) 10.55%. While 10-year Treasury yields jumped 32 bps during Q1 to 4.20%, corporate Credit notably outperf...

2024-03-30 02:45:00 ET Summary The core PCE price index, the inflation index that the Fed is focused on and refers to all the time, was revised up for January to an annualized month-to-month growth rate of 5.6%. In February, on top of those upwardly revised figures for January, th...

2024-03-29 23:30:00 ET Summary When inflation picked back up in January 2024, many commentators described it as more noise than signal. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at a contin...