The economic narrative last week was dominated by a mix of cooling inflation and a softening labor market. The ADP employment report signaled a continued slowdown by showing a surprise drop in private sector jobs, while the Fed's preferred inflation gauge offered minor relief by unexpectedly inching lower.
Designed to provide broad exposure to the Style Box - Large Cap Blend category of the market, the Invesco S&P 500 Equal Weight ETF (RSP) is a smart beta exchange traded fund launched on 04/24/2003.
The S&P 500 has enjoyed another respectable year of gains, now up just north of 15% year to date despite the bout of November volatility.
Last week's economic landscape was defined by conflicting signals from key indicators, suggesting a growing divergence between investor behavior and underlying consumer health. Margin debt surged to a new high while consumer confidence simultaneously fell to near-historic lows.
Launched on April 24, 2003, the Invesco S&P 500 Equal Weight ETF (RSP) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.
Last week's economic data sent mixed signals. Consumer sentiment plummeted to a near-record low on economic anxiety, and the manufacturing sector continued its long contraction.
While the ongoing government shutdown continues to delay the release of many reports, a key piece of economic data managed to break through last week.
In a week marked by renewed S&P 500 volatility stemming from reignited tariff talks and the ongoing challenge of a government shutdown that continues to delay crucial government reports, investors and analysts have increasingly turned to secondary economic indicators for a timely view of the U.S. economy.
The economic narrative last week was defined by a striking paradox. On one hand, the government shutdown has created a void in official data, leaving the Federal Reserve effectively “flying blind” as it gauges the health of the labor market and broader economy.
Last week's economic data presented a sharp contradiction between a resilient U.S. economy and increasingly concerned American households. The S&P 500 fell for most of last week but recovered some of those losses following Friday's inflation report.
Last week all eyes were on the Jackson Hole symposium, as Fed Chair Jerome Powell's speech delivered a dramatic reversal for financial markets. The S&P 500 fell for most of the week thanks to a major tech sell-off and further labor market weakness.
Key Points in This Article: The S&P 500 has surged 27% in 2024, driven by AI-fueled Magnificent Seven stocks, boosting SPY's performance.