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SSO - The Real Reaction To The Jobs Report Will Come This Week
ProShares Ultra S&P500
In March, the U.S. stock market tolerated the rise in long-term interest rates as long as it was not disorderly or too quick.
The 10-year Treasury rate traded all the way up to 1.77% last week, and we may very well surpass that level this week as investors take time to react to strong March jobs data.
On the present trajectory, we are on track to surpass 2% in 2Q'21.