SPMO News and Press, Invesco S&P 500 Momentum From 04/27/24

2024-04-27 22:50:00 ET Summary The first quarter GDP report delivered a one-two punch for markets: slower-than-expected growth and hotter-than-expected inflation. Core PCE through Q1 eased to 2.9% from 3.2% in Q4. Until the year-over-year rates of change in core PCE and core C...

2024-04-27 06:25:00 ET Summary The 10yr minus 3mo Treasury rate (Yield Curve) is moving higher at a rapid pace as investors adjust their inflation thinking to being more persistent in the 3-4% range. 88% of portfolio managers in the Bank of America Fund Managers Survey last week b...

2024-04-27 06:10:00 ET Summary The release of 1st quarter 2024 Gross Domestic Product on April 25th surprised virtually all forecasters. The first three months of 2024 were characterized by a notable deceleration in US economic growth, marking an almost two-year low. Business ...

2024-04-27 05:50:00 ET Summary Quarterly inflation data surprised to the upside and led the market to brace for a very unpleasant MoM print today. Thankfully, it was due to upward revisions, primarily to January, with the March figure coming in line with initial expectations. ...

2024-04-27 04:30:27 ET Summary The Semiconductor Index surged 9.9%, more than recovering from last week's 9.2% drubbing. The earnings picture was mixed. Alphabet and Microsoft, of course, knocked it out of the park. The Bank of Japan just can't stop playing with fire. Rates we...

2024-04-27 04:10:00 ET Summary Elevated inflation and strong activity and jobs numbers have pushed market expectations for the timing of the first interest rate cut to December. We still see an opportunity for a September rate cut. Nonetheless, the Federal Reserve will re...

2024-04-26 16:43:00 ET Summary Momentum strategies outperformed in Q1 2024 due to strong investor sentiment and economic strength, with the MSCI All Country World Index rising by 8.3%. Russell Investments' Factor Portfolios like Global Large Cap Growth, Momentum, and Quality outpe...

2024-04-26 14:46:58 ET Summary Major US indices down for the month, NASDAQ-100 hit with a 7.10% drawdown. In this article, I example the "usual suspects," or the big three metrics used to approximate the trajectory of the US economy. These three metrics are: inflation, GDP, an...

2024-04-26 13:08:46 ET Summary Inflation is accelerating, with core PCE and PCE Supercore rising at higher rates. Consumer inflation expectations are increasing. The current policy stance may need to shift from rate cuts to rate hikes if inflation continues to rise. The ...

2024-04-26 11:29:19 ET Summary Changes in Fedspeak are anticipated as the latest GDP print came in lower than expected while inflation has inched up. Interest rates are set to remain unchanged, however. While the sub-trend growth along with weaker consumer sentiment and company le...