Invesco S&P 500 Equal Weight Financials ETF

  • RSPF

  • $75.10

  • +0.08%

  • $75.48

  • $75.48

  • $74.99

Ticker Appearances

Daily Technical Strategy
Tue, November 12, 2024 | 9:31PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Junk spreads have compressed to multi-year lows

EQUITY TRENDS REMAIN BULLISH FROM EARLY AUGUST BUT STRUCTURALLY HAVE REACHED LEVELS THAT REPRESENT A POOR RISK/REWARD OVER THE NEXT 5-6 WEEKS. THE POST-ELECTION SURGE FOR...

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Visitor: F1EBA5A8-5D4C-447B-A058-BCDEDDDFA28A

Tue, October 15, 2024 | 9:47AM ET

⚡ FlashInsights

Tue, October 15, 2024 | 9:47AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
The drop in long-term rates in recent months still doesn't appear to be affecting bank Net interest income all that meaningfully, and this morning's earnings out of BAC 0.48%  GS 1.30%  and C -0.79%  are lifting these three stocks around 2% in pre-market trading. Technically, there was ample evidence that Financial earnings period might be received favorably by markets given the triangle breakout in the Financial sector that happened back on 10/4, a full week BEFORE Financial earnings got underway. This has helped the Financial sector claw back and is now the best performing sector over the last week based on Equal-weighted ETF performance out of the 11 major sectors. Invesco's RYF is up +3.80% over the last week, far better than the +2.28% in RSP and better than the +2.88% in ^SPX 0.69%  itself. Financials outperformance has begun to accelerate following last month's ability of RSPF to have exceeded former all-time highs from early 2022, and technically this sector remains an Overweight.
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Daily Technical Strategy
Wed, October 9, 2024 | 7:53PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

SPX and DJIA just hit new all-time highs; Cruise-liners break out

US EQUITIES REMAIN ON GOOD FOOTING, DESPITE THE RECENT BACKING UP IN US DOLLAR AND US TREASURY YIELDS OVER THE LAST COUPLE OF WEEKS. BOTH SPX...

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Daily Technical Strategy
Fri, October 4, 2024 | 7:40PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

SPX rally back to new highs underway, led by Financials

SHORT-TERM US EQUITY TRENDS LOOK TO HAVE TURNED BACK HIGHER FRIDAY FOLLOWING A FRUSTRATING TIME FOR BULLS AND BEARS ALIKE IN RECENT WEEKS.   DESPITE A...

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Visitor: F1EBA5A8-5D4C-447B-A058-BCDEDDDFA28A

Fri, October 4, 2024 | 3:20PM ET

⚡ FlashInsights

Fri, October 4, 2024 | 3:20PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Today's move in the banks is particularly impressive. S&P Banks index is higher by 2.3% and we're seeing Triangle breakouts by the Equal-weighted Financials ETF (RYF) This is very important and positive to the US Stock market in the short run and stocks like DFS 1.41%  COF 1.15%  SYF 2.48%  and MTB -2.43%  are all making really significant gains today, technically speaking. Financials and Discretionary are the two top performing sectors today, but its the banks that are a standout and the economic strength coinciding with rates rising has been helpful to this sector today. Today's move puts Financials in the spotlight for the weeks ahead, and i expect some good relative strength out of this sector. Financials as a sector remains a Technical overweight.
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