SPMO News and Press, Invesco S&P 500 Momentum From 05/05/24

2024-05-05 00:01:00 ET Summary Shorting T-Bills pushes rates higher and out of sync with the current level of pessimism. T-Bills have inverted, leaving 10yr Treasury rates -1.82% below T-Bill rates June 2023. Investors should remain focused on well-managed companies now report...

2024-05-04 11:10:00 ET Summary The US economy's resilience and stickiness of price pressures have led to a reassessment of Fed policy, causing a rise in US interest rates and a stronger dollar. Concerns about US fiscal policy and the stronger dollar have heightened among countries...

2024-05-04 07:20:00 ET Summary Preliminary estimates of second quarter US GDP activity suggest output may stabilize after two straight quarters of slower growth, based on the median for a set of nowcasts compiled by CapitalSpectator.com. If Friday’s median Q2 nowcast is cor...

2024-05-04 06:00:00 ET Summary Job creation was weaker, unemployment higher and wage growth more subdued than expected in the April employment report. With Fed Chair Powell leaning dovish at Wednesday’s press conference this has breathed new life into Federal Reserve intere...

2024-05-04 05:00:00 ET Summary The Japanese currency had weakened back to 157.94 by Wednesday, before a second round of intervention pushed the dollar/yen down to 153. The Nasdaq 100 traded up to 17,800 in Monday trading - then dropped 2.9% to Wednesday morning lows. Any pushb...

2024-05-04 04:34:12 ET Summary The momentum factor has slowed recently, despite strong performance driven by AI and semiconductor stocks. Invesco S&P 500 Momentum ETF focuses on domestic large caps and may miss out on global equities and further alpha from Chinese stocks. ...

2024-05-04 03:25:00 ET Summary The BLS reported a gain of 175k jobs which was below expectations of about 200k. The 175k jobs surprised to the downside, with the unemployment rate also rising slightly to 3.9%. While part-time had been leading the way for months, April saw a bi...

2024-05-03 11:22:38 ET Summary Stock prices soar pre-market, as 2-year Treasury yield falls, due to anticipation of rate cuts starting sooner and larger numbers. Payroll report shows lower job numbers, decrease in wage growth, and the general softening that the Fed wants to see. ...

2024-05-03 10:21:26 ET Summary April nonfarm payrolls increased by 175,000, below estimates, and pulled forward rate-cut expectations. Unemployment rate ticks up to 3.9% in April from 3.8% in March. Average hourly earnings came in softer than expected, signaling a decline in w...

2024-05-03 09:45:17 ET Summary The Labor Department reported that employers added 175,000 jobs in April, well below gains of over 300,000 in March. Unemployment also ticked higher, while wage growth slowed further. Notable cooling occurred in both the healthcare and government...