SPMO News and Press, Invesco S&P 500 Momentum From 05/27/24

2024-05-27 14:05:00 ET Summary The Q2 ’24 Atlanta GDP Nowcast is projecting mid 3% GDP for the 2nd quarter, 2024. Friday morning, we get Core PCE data for April ’24, and overall April PCE data is expected at +0.2%, while the April Core PCE data is expected at +0.3%. ...

2024-05-27 10:32:44 ET Summary Nvidia's stock surged 15% this week, boosting market capitalization to $2.619 TN - or 62 times earnings and 32.9 times revenues. As is typically the case, policies and speculation strategies that take U.S. finance by storm soon permeate the world. ...

2024-05-27 08:25:00 ET Summary The dollar traded mostly higher last week. The US 10-year yield bottomed near 4.30% in mid-May and reached 4.50% last week to test the 20-day moving average. The US dollar frayed support near CAD1.36 last week and recovered to almost CAD1.3750 be...

2024-05-27 08:21:21 ET Summary S&P 500 and SPY have seen significant gains in recent weeks but ended May 24 barely positive. The U.S. Treasury has different tenors in Treasury Bills, Notes, and Bonds, with the 10Y Note being the benchmark. The Yield Curve Stiffness (YCS) a...

2024-05-27 07:00:00 ET Summary Pete Najarian, co-founder of Market Rebellion, discusses the current state of the economy, Fed policy, and the impact on the markets. Pete never bought into the "5, 6, 7 Fed cut" talk in early 2024 - but thinks the market largely has the Fed right no...

2024-05-27 04:40:00 ET Summary Year-to-date, stocks are proving resilient in the face of higher interest rates and more muted expectations for monetary easing. This year’s backup in rates is much more contained. While investors will always prefer lower to higher rates, ...

2024-05-27 04:22:00 ET Summary The US economic upturn accelerated again in May after two months of slower growth, with the early PMI data signaling the fastest expansion for just over two years. US business activity growth accelerated sharply to its fastest for just over two years...

2024-05-27 03:55:00 ET Summary The market has had another week of indecision, trying to make up its mind whether to cheer another blowout earnings quarter by NVIDIA, the darling of one-day options punters, or worry itself into a corner over comments by Fed officials speculating about ...

2024-05-27 03:32:00 ET Summary Today’s unemployment and inflation environment is a far cry from what it was in the 1980s' stagflationary years. Median stock market volatility in year four of an election cycle is essentially the same as it is in years one and three. Chin...

2024-05-27 03:25:00 ET Summary The flash PMI data for May from S&P Global brought encouraging news on economic growth, with output of the combined manufacturing and service sectors rising across the four major developed economies - the 'G4' - at the fastest rate for a year. Am...