FINU News and Press, ProShares UltraPro Financial Select Sector ProShares Trust From 09/17/19

The Federal Deposit Insurance Corporation, one of the U.S. government agencies that regulate banks, proposes easing a post-financial crisis restriction that determines how much cash big banks should set aside to safeguard derivatives trades between affiliates. More news on: Financial Sel...

The 10-year Treasury yield whooshed lower earlier today after the ECB announced a rate cut and new wave of QE. That's reversed in a big way, with the yield now higher by 5.5 basis points on the session to 1.79%. TLT   -0.7% , TBT   +1.4% More news on: iShares 20+ Year Treas...

Energy is now just 4.5% of the S&P 500 market cap weight, down from a high of 15% in September 2014, when crude oil was trading around $80-$100 per barrel and just before the commodity tanked to $28 per share by early 2016. It's shocking what has happened to the sector. Can't recall wh...

The Financial sector has been an overweight for some time in client accounts, and it's hurt performance for the last two years, or since Jan 1, '18. Clients' biggest financial weighting has been Schwab (SCHW) given its asset-gathering prowess (and it is our only 3rd party client custodian) a...

About 10% of the S&P 500 will report next week, and 24 of those 52 scheduled reports will be Financial companies. Here is the S&P 500 Earnings data by the numbers: (Source: IBES by Refinitiv) Fwd 4-qtr est: $174.68 vs. $174.87 from last week PE ratio: 17.25x PEG ...

Attached is a weekly chart of Schwab (SCHW), clients' 2nd largest holding behind Microsoft (MSFT), and a mutual fund firm with $3.5-$4 trillion in assets under management, assets greater than Goldman Sachs, Morgan Stanley and a host of others. I was out to dinner a few weeks ago, with friend...

Volumes in the futures markets have moved significantly higher since the turn of the century, and the number of products offered by exchanges around the globe has increased. Futures offer hedgers, arbitrageurs, investors, and speculators the ability to add or remove risk from their portfolios....

Total household debt increased 0.9% to $13.67T in Q1 2019, and is now $993B higher than the previous peak of $12.68T in Q3 2008, according to the Federal Reserve Bank of New York's Quarterly Report on Household Debt and Credit. More news on: Financial Select Sector SPDR ETF, Direxion Dai...

The Federal Reserve observes risky debt issuance has picked up recently, though refinancing activity has decreased because of "somewhat elevated spreads," according to the central bank's semi-annual Financial Stability Report. More news on: Financial Select Sector SPDR ETF, Direxion Dail...

The Direxion Daily Financial Bull 3x Shares ETF ( FAS ) has had an incredible run from the December 2018 lows with a gain of nearly 90%. Is it overdone? What are the risks? This article looks at the fund and its alternatives and identifies a trade with 1:4 risk vs. reward. Know What You're ...