SPVU News and Press, Invesco S&P 500 Enhanced Value From 07/26/24

2024-07-26 03:10:00 ET Summary Real gross domestic product increased at an annual rate of 2.8% in Q2 2024, according to the advance estimate. The latest estimate is above the forecasted 2.0% growth and is a pickup from the Q1 2023 GDP final estimate of 1.4%. We are currently a...

2024-07-25 08:30:21 ET Summary The inverted yield curve in recent months hasn't led to a recession yet, possibly due to big tech companies' influence and other reasons. However, the leading economic indicators are worsening - never before have the LEIs declined for so long without...

2024-07-25 08:20:00 ET Summary I highlight the differences on four major dimensions - political structure, exposure to war/violence, extent of corruption, and protections for legal and property rights, with the focus firmly on the economic risks rather than on social consequences. ...

2024-07-25 07:40:00 ET Summary The second quarter began with inflation concerns causing a negative return in April, but improved inflation led to a more hopeful market in May and June, with AI and semiconductor stocks leading. During Q2, growth, momentum and quality factors perfor...

2024-07-25 06:57:00 ET Summary The powerful short-covering rally of the yen and unwinding of carry trades continues. For the second time this week, the PBOC has surprised by cutting interest rates. The US 2-10-year yield curve is the least inverted in two years (~-13 bps), whi...

2024-07-25 03:20:00 ET Summary The S&P 500 enjoyed a solid start to the year, fueled by the Federal Reserve embracing optimism about inflation without sacrificing growth. As investors look toward the second half of 2024 and into 2025, the resilience of the U.S. economy should ...

2024-07-25 02:55:00 ET Summary Calls from senior members of the Democratic Party finally became too great this past weekend, with President Biden bowing out of the 2024 U.S. Presidential race. Regardless of who faces off against former president Donald Trump in November, the U.S. ...

2024-07-24 23:00:00 ET Summary The sharp deceleration in detrended real M2 money supply growth, a fundamental cause of aggregate economic fluctuations, is a stark reminder of the past. The Fed has the tools to reverse the monetary restraint, but the process will prove painstakingl...

2024-07-24 12:30:00 ET Summary President Joe Biden’s late withdrawal from the presidential race creates a number of significant unknowns. While few expect a rate cut at next week’s meeting, probabilities could increase after Friday’s Personal Consumption Expen...

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 ...