PST News and Press, ProShares UltraShort Lehman 7-10 Year Treasury From 11/27/23

2023-11-27 12:56:00 ET Summary Despite negative news, the US economy is growing at a trend of 2% and has added nearly 3 million new jobs over the past year. Real disposable personal income (adjusted for inflation, after tax) is up 3.5% over the last year and real personal consumpt...

2023-11-25 05:08:23 ET Summary Hedge funds betting on a decline in US and European stock markets have suffered an estimated $43bn of losses in a sharp rally over recent days. The Goldman Sachs most short index began the year with a 34% rally into early February. Chinese Bubble...

2023-11-24 07:30:00 ET Summary The bond market's obsession with the rate cycle should blind it from fiscal deficit worries. A rate-cutting cycle typically results in positive total returns right out the curve, with the best of those in longer tenors. We're expecting that for m...

2023-11-24 06:55:00 ET Summary Even though the US Treasury has taken some pressure off longer tenors by morphing new issuance towards shorter tenors, the size of the fiscal deficit still matters for the bond market. For any given Fed funds rate, it means a steeper curve from the b...

2023-11-23 05:30:00 ET Summary Inflation reports from the US, eurozone, and UK suggest that their rate hike cycles may have come to an end. I still expect some volatility, as there is still significant uncertainty around the timing of when rate cuts will begin. All in all, I t...

2023-11-23 01:15:00 ET Summary The most recent U.S. Consumer Price Index (CPI) data for October came in lower than economists’ expectations and showed declines across most categories. With inflation still above the Fed’s 2% target, concerns continue to linger over wh...

2023-11-22 22:20:00 ET Summary Rate-cut bets have been piling up and getting moved closer, as everything that central bankers say – no matter what – is either being interpreted as “dovish” or is being brushed aside. There is a problem with markets betti...

2023-11-21 09:48:00 ET Summary From the standpoint of systematic monetary policy, the Federal Funds rate remains below, not above, levels that have historically been consistent with prevailing core inflation, output, employment, and sales. Emphatically, our investment discipline i...

2023-11-21 08:30:00 ET Summary Consumer inflation is fading fast, and producer prices actually declined last month. This means the Fed is done raising key rates. The prices of imports also declined 0.8% in October, which is the first monthly decline since June, giving evidence of ...

2023-11-21 04:23:00 ET Summary The S&P 500 Index rose 2.2% last week, closing at its highest level since Sep. 1. Fed funds futures are pricing in high odds that the central bank will leave its target rate unchanged at the next three meetings. To the extent the crowd contin...