SPMO News and Press, Invesco S&P 500 Momentum From 04/25/24

2024-04-25 13:22:56 ET Summary The soft landing narrative is dead as GDP growth falls below expectations and inflation rises. Traders are removing rate cuts from the outlook, leading to higher nominal Treasury rates and a stronger dollar. Rising rates and tightening financial ...

2024-04-25 09:55:00 ET Summary Assets in U.S.-listed exchange traded funds have grown over the last five years, but ETFs still represent a small fraction of overall U.S. financial markets. ETFs represented 9.3% of equity assets in Europe and 1.8% of fixed income assets in Europe i...

2024-04-25 09:10:00 ET Summary Over short time periods, such as a few quarters or a couple of years, productivity correlates very strongly with gross domestic product. Total output drives the market opportunity of companies. Total output is simply labor productivity multiplied...

2024-04-24 19:20:00 ET Summary Bank of America projects that the United States will have a debt of $34 trillion by year-end. According to our Treasury Dept., we spent $429 billion on interest payments alone in the last year. The U.S. Bureau of Economic Analysis (BEA) states th...

2024-04-24 14:55:00 ET Summary Consumption continued to drive growth in the first quarter. We expect a continuation of broad growth, particularly in the United States. All in, we believe developed markets should continue to grow by 2%-plus on a sustainable basis. ... ...

2024-04-24 13:40:00 ET Summary Given the significant reversal in sentiment and short-term oversold conditions, we highly suspect the markets will provide a reflexive rally soon. Despite the current “panic” in the media headlines, this is likely just a correction with...

2024-04-24 12:45:00 ET Summary The US economy appears on track to post softer growth in the first-quarter GDP report scheduled for release on Thursday. The key debate is whether the economy will stabilize at a softer pace of growth vs. decelerate further in the months ahead. A...

2024-04-24 12:30:00 ET Summary Last week brought hawkish remarks from a cast of Federal Open Market Committee members. I still believe a US rate cut in June and a total of three cuts for the year are very real possibilities, but markets need to see more data. Prices for West T...

2024-04-24 12:23:00 ET Summary Later this week, on Thursday, 25 April 2024, the Bureau of Economic Analysis will publish its first estimate of the United States' Gross Domestic Product during the first quarter of 2024. It's a good opportunity to check in with how 2024-Q1's GDP tra...

2024-04-24 09:55:00 ET Summary Hard economic data is likely past its trough, and should continue to accelerate as we progress through 2024. We are still in the early stages of the next expansionary phase in the business cycle. The lead indicators of the business cycle suggest we s...