SPVU News and Press, Invesco S&P 500 Enhanced Value From 07/24/24

2024-07-24 10:46:00 ET Summary The 2024 deficit estimate has increased by $400 billion, a 27% rise from their estimate five months ago. For the next decade, the deficit is expected to be double that half-century average. The CBO forecasts no recession for the next decade, yet ...

2024-07-24 07:45:00 ET Summary Momentum continued in the second quarter, with U.S. equities still led by the large technology stocks known as the Magnificent 7. History shows that a strong first half of the year often leads to a strong second half. There will be presidential e...

2024-07-24 07:20:00 ET Summary Climbing Limo uses nominal GDP data that was available back in December 2023 in its projections. Atlanta Fed's GDPNow forecast for 2024-Q1 was correct in projecting 2024-Q1's actual GDP exceeded the climbing limo's momentum-based forecast for this pe...

2024-07-24 07:05:00 ET Summary The dollar's gains have been extended today, but in the risk-off mode, and unwinding of carry positions, the Japanese yen and Swiss franc are firmer. The US 10-year yield is a little lower, around 4.23%, but it remains within the range set on Monday....

2024-07-24 03:31:24 ET Summary Master Sentiment Indicator, at 9.8, is at one of its most extreme readings in history. Three indicators that go into the MSI show extreme bullish sentiment: S&P 500 E-mini Commitment of Traders, NAAIM Exposure Index and the Hulbert Stock Survey. ...

2024-07-23 15:34:32 ET Summary The second quarter S&P 500 results show weaker sales and earnings surprises compared to previous quarters and a year ago. Earnings and sales growth in the second quarter of 2024 are weaker than first quarter but stronger than last year. Margi...

2024-07-23 07:34:00 ET Summary We’re seeing a different dynamic in the coming few months leading to the election. Recession odds for 2024 have fallen sharply as we get to mid-year (with only 6 months remaining in the year, after all) and as underlying economic growth slows ...

2024-07-23 07:05:00 ET Summary The US dollar is firmer against all the G10 currencies but the Japanese yen. The euro eased to a seven-day low, a little below $1.0865, while sterling is holding above $1.29. Mainland Chinese shares tumbled, with the CSI 300 falling more than 2% ...

2024-07-23 05:55:46 ET Summary The widely anticipated pullback has been relatively mild so far. The SPX merely lost -2.9% from its all-time highs before rebounding in the last trading session. For disciplined investors with a robust investment plan in place, whether the eventual o...

2024-07-21 22:12:16 ET Summary Market corrections are common, occurring every 1.2 years on average since 1980, but recoveries are quick, averaging just 4 months. Many believe the next crash could be among the worst, so far worse than average. Baby boomers should be concerned a...