SPVU News and Press, Invesco S&P 500 Enhanced Value From 07/29/24

2024-07-29 12:05:00 ET Summary US equities fell for a second week in trading through Friday, July 26, based on the S&P 500 Index. American shares are up 14.5% year to date. A possible catalyst that could influence market sentiment in the days ahead: employment numbers for ...

2024-07-29 07:58:00 ET Summary In May 2024, the AIER Business Conditions Monthly Leading Indicator sank to a mildly expansionary level of 54, its lowest value since October 2023. The Roughly Coincident Indicator rose to 83, continuing a streak of expansionary readings, broken only...

2024-07-29 07:15:00 ET Summary The Great Rotation from large cap stocks to small cap and value stocks, that started a few weeks ago, continued unabated last week. Small cap and value stocks have trounced large cap stocks over the last month. What if the “great” r...

2024-07-29 06:56:00 ET Summary The US dollar is mostly firmer today ahead of what promises to be an eventful week. Sterling is bearing the brunt today, off a little less than half-of-a-cent as expectations creep up of a rate cut this week. Outside a few Asian currencies, most ...

2024-07-29 06:01:00 ET Summary It’s a busy week for economic data, both monthly and quarterly, as well as the all-important FOMC statement on monetary policy due out Wednesday afternoon, July 31. Most Fed watchers think a September Fed funds rate cut is now probable, but th...

2024-07-28 16:00:00 ET Summary The S&P 500 made a 2% daily drop for the first time since February 2023. Support was tested and held, but it is unlikely the low is in. 5265 looks like the minimum target, with potential for 4953-5000. The S&P 500 ( SPY ) co...

2024-07-28 06:15:00 ET Summary Economic data may lead to further steepening of the yield curve. Job data is likely to show further slowing of the labor market. The Fed and Bank of Japan meetings could lead to a further unwind of the carry trade. Economic data may be ...

2024-07-27 04:30:24 ET Summary The unwind of highly levered yen carry trades is driving de-leveraging at the periphery. De-risking/deleveraging has taken hold in the semiconductors and big tech stocks following a historic speculative melt-up. Nvidia is now down 16.2% over 12 s...

2024-07-27 02:18:51 ET Summary Consensus expectations for S&P 500 earnings are for them to climb 9.5% year-over-year in 2Q24—the fourth consecutive increase and the fastest pace since 4Q21. It's one thing for companies to report a solid Q2. How the market reacts to said...

2024-07-27 01:50:00 ET Summary Economy remains steady with higher than expected GDP growth and cooling inflation trend. S&P 500 companies reporting higher earnings per share growth rate than forecasted. Market experiencing rotations out of expensive trades like Big Tech an...