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

2024-05-24 04:45:01 ET Summary The Fed warns that "valuations across a range of markets appeared high relative to risk-adjusted cash flows". This is essentially a warning about the "everything bubble". Due to the sticky and elevated inflation, the Fed will be forced to burst t...

2024-05-24 00:05:00 ET Summary The current focus of the FOMC is on achieving the inflation mandate rather than the employment mandate. The FOMC is more concerned about the risk of inflation than the state of the labor market. Unemployment remains low and is not a major concern...

2024-05-23 12:31:32 ET Summary The Fed minutes read much more hawkishly than expected. The Fed is not nearly as confident on the path of inflation as previously thought. The odds for rate hikes are better than what would have been thought at this point. The FOMC minutes ...

2024-05-23 11:19:00 ET Summary In March 2023, the AIER Business Conditions Monthly Leading Indicator fell to its lowest level in five months. The Roughly Coincident Indicator, meanwhile, rose to its highest reading since September 2023. The index levels for March were 58 for t...

2024-05-23 10:16:00 ET Summary The employment situation for U.S. teenagers dipped slightly in April 2024. The seasonally adjusted number of 16-19 year olds counted as having jobs decreased from the previous month's total by 23,000 to 5,839,000. Although it dipped, the jobs tre...

2024-05-23 00:20:00 ET Summary Two driving forces are now simultaneously pushing in the direction of higher long-term real interest rates. While investors and commentators often tend to conflate the two, I think it is useful instead to distinguish them clearly. They are rising inv...

2024-05-22 12:30:00 ET Summary Recent data indicates the US economy has been cooling modestly and disinflationary progress has resumed, which should help hasten the start of rate cuts. There is a significant amount of cash that is likely to start moving to stock and bonds once the...

2024-05-22 11:45:00 ET Summary US economic activity is expected to post a modestly firmer increase in the second quarter. Output for the April-through-June period is projected to rise 1.9%. A possible early sign of trouble for later this year is the ongoing slowdown in labor m...

2024-05-22 07:15:00 ET Summary A hawkish hold by the Reserve Bank of New Zealand and a firmer-than-expected UK CPI reading have allowed the New Zealand dollar and sterling to show resilience in the face of the US dollar's broadly firmer tone. US index futures are trading with a so...

2024-05-21 13:04:00 ET Summary During ripping bull markets, investors often start benchmarking. The rise in indexing has resulted in a concentration of dollars into a decreasing number of assets. While an active manager focusing on “risk” may underperform during ...