XLG News and Press, Invesco S&P 500 Top 50 From 05/21/23

2023-05-21 08:54:00 ET Summary While the Fed is able to obscure its capital losses by valuing its assets at cost, there’s one item the Fed isn’t able to completely bury in its balance sheet accounting. Regardless of the level of valuations, an improvement in the unif...

2023-05-19 03:22:00 ET Summary On May 18th for instance, the initial claims data again disappointed many by indicating economic activity remains strong. The worry is that “the job market will not quit”. High investor pessimism is reflected in the record Retail Money ...

2023-05-17 22:05:00 ET Summary Despite the stock market rally so far in 2023, the S&P 500 Index has not come close to regaining its all-time high put in early last year. The stock/bond ratio has soared to new highs. It would appear that stocks need bonds to rally hard and ...

2023-05-17 12:32:00 ET Summary After the Silicon Valley Bank run in the first quarter of 2023, dividend futures quickly collapsed. When we last presented 2023's dividend futures, the dividends expected in 2023-Q4 had recovered to $16.41 per share as the risk of more bank fail...

2023-05-16 10:30:00 ET Summary Looking forward to the end of 2023, expectations for the index's future earnings per share have increased from $199.28 to $203.50. Earnings at that level would correspond to a full recovery to the level of earnings recorded in March 2022, which marks...

2023-05-15 14:35:00 ET Summary The financial sector hasn’t seen much degradation of its expected 2023 growth rate of +13%, even with the regional bank issues. Despite the headlines, negative EPS revisions for the energy sector have been far worse than for the financial sect...

2023-05-15 13:49:00 ET Summary After the previous week's Fed-driven volatile action, investors got some relief in the second week of May 2023. Despite the relative stillness, there wasn't enough positive news to offset the negative to boost the U.S. stock market higher. The ma...

2023-05-15 05:18:00 ET Summary The economic slowdown, while clear and persistent, has been mild, so far. The current consensus S&P 500 Index earnings estimate for calendar year 2023 is $220 per share, which gives a forward price-to-earnings multiple of 19 times. We think i...

2023-05-11 03:00:00 ET Summary In its effort to tame inflation, the U.S. Federal Reserve is likely to pause at the top of its interest rate cycle rather than quickly pivot toward rate cuts. But in either scenario, history suggests fixed income can offer attractive return potential, es...

2023-05-10 03:10:00 ET Summary Earnings season has been better than feared, but all eyes are on how the current quarter progresses and emerging risks to corporate profits. We spotlight a pair of troubled financial institutions with unusual earnings events. AT&T, meanwhile,...