DOG News and Press, ProShares Short Dow30 From 09/30/21

Record margin debt, approaching $1 trillion. Record option volumes, which recently exceeded stock market volumes for the first time ever. Record equity inflows and household net worth exposed to the stock market. What could possibly go wrong? For further details see: ...

The yield curve is telling us the market is getting ready for a less dovish Fed and slowing growth. The dollar is ripping higher and that will slow global growth. The equity market is setting up for a 2015, 2018 like showdown. For further details see: It's Time To Wake U...

The rebound from last year’s recession is decidedly, maybe even uniquely uneven. Deeper issues beyond delta COVID may account for the perhaps emerging softness. Conference Board announced yesterday another sharp drop in its consumer confidence index. For further detai...

As the current financial situation has gained more and more attention, the Federal Reserve System and its leader, Jerome Powell, have garnered more and more press. Times are good when the Federal Reserve draws no attention from the press, so that a time like this can be looked upon as...

Tuesday, September 28, 2021 showed us a very predictable market reaction to No New News, save greater conviction that inflation may not be that transient and rates will be going up. Market participants (including their computers) have been conditioned by the media to react in this way...

The Fed has painted itself into a corner where it is now pressured to start tapering its quantitative easing earlier than it had been indicating. Now we are seeing signs that the bond market isn’t liking the news out of the last FOMC meeting, which hinted strongly that the Fed ...

We stay tactically pro-risk amid the broadening economic restart, with negative real rates supporting risk assets - as per our new nominal theme. The Fed signaled it will start to taper around the year-end. Its reluctance to confirm inflation is meeting its new objective supports our ...

The post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows. The reopening trade should resume in coming months. The cyclical stocks that comprise the value factor are reporting stronger earning...

There was a serious inventory problem, a dangerous buildup which had been building since the middle of the year before getting more and more out of balance. The vicious part of the inventory cycle had already begun by the time the first rate cut was announced, with wholesalers, in par...

Financial markets tumbled on the Monday preceding the meeting. The projections provide further evidence of progress towards the Committee’s inflation objectives but not quite as strong as had been expected. It was clear that uncertainty about the path for the Delta variant ...