PST News and Press, ProShares UltraShort Lehman 7-10 Year Treasury From 12/11/23

2023-12-11 13:20:00 ET Summary The new regime has led to greater dispersion of returns. We think this backdrop calls for managing macro risk, being selective and seeking out mispricings. U.S. stocks hit a new 2023 high and U.S. Treasury yields inched up on Friday after U.S. payrol...

2023-12-11 10:20:00 ET Summary Bonds have rallied in the past month - temporarily pegged back by a semi-hot NFP report on Friday - and equities are in a good mood too. Inflation in the developed world is now falling rapidly, and what was a significant inflation shock in core price...

2023-12-11 02:13:00 ET Summary Markets were volatile in August, with a meaningful tightening of financial conditions. Traditional sources of finance have tightened, with a notable pullback in bank lending, along with diminished corporate and household debt growth. The marketpl...

2023-12-09 09:15:00 ET Summary The Bureau of Labor Statistics reports 199,000 new payroll gains and a drop in the unemployment rate from 3.9% to 3.7%. The upcoming Consumer Price Index report and Federal Open Market Committee decision on interest rates will be closely watched. ...

2023-12-09 01:28:00 ET Summary The Fed last raised rates in July and we think that marked the peak. There is growing evidence that tight monetary policy and restrictive credit conditions are having the desired effect on depressing inflation. However, the Fed will not want to endor...

2023-12-08 02:30:00 ET Summary Recent US inflation data shows that core PCE is close to the Fed's 2% target, indicating that the Fed may be done with its hiking cycle. The peak in the 10-year Treasury may have already been reached, with a 70 basis point decline in November. Th...

2023-12-07 13:59:00 ET Summary For much of the past month and a half, the S&P 500 Index has rallied, recovering all the lost ground from the summer/fall correction. Upside momentum has stalled at roughly the 4550 to 4600 range. Although expectations for lower rates have pr...

2023-12-07 09:50:00 ET Summary US PMI data indicates cooling inflation pressures, modest economic growth, and near-stagnant employment. Businesses report weaker output gains and anticipate slower growth in the months ahead. Concerns over excessive staffing levels result in the...

2023-12-06 22:15:00 ET Summary The core CPI monthly percentage change annualized hit zero in the ’60s and early ’70s, but only about eight times or so since then. The monthly change did hit zero, but there did not seem to be any staying power in terms of the core CPI...

2023-12-06 16:01:00 ET Summary The U.S. 10-Year Treasury yield has now essentially reversed the entire increase it experienced in September and October. The monetary policy outlook has shifted dramatically. Economic/labor market data needs to reveal a visible slowing in growth...