PST News and Press, ProShares UltraShort Lehman 7-10 Year Treasury From 12/28/23

2023-12-28 04:30:00 ET Summary As all students of economics should have learned, prices are set at the margin by the intersection of supply and demand. The surge in the demand for currency has almost completely reversed from its early-covid levels. Corporations are not struggl...

2023-12-27 03:59:00 ET Summary The S&P 500 has made a new all-time-high on a total return basis, but it needs to break out decisively. Corporate defaults seem very well-contained, but corporate credit spreads are your “early warning” indicator for a deeper recess...

2023-12-27 02:10:00 ET Summary Markets have reacted strongly to the most recent FOMC decision to hold the federal funds rate at 5.25–5.5%. The only voting Fed president who viewed rate cuts as likely to be needed in 2024 was FRB San Francisco President Mary Daly. Lookin...

2023-12-27 01:31:27 ET Summary The Fed is signaling rate cuts starting next year. Interest is down on the news, and seems to have stabilized. An overview of where rates stand after the Fed pivot follows. Interest rate policy is starting to pivot, with the Federal Res...

2023-12-27 01:01:00 ET Summary The average annual returns for taxable and tax-exempt funds were negative 10.2% and negative 9.12%, respectively. With only three modest and widely expected rate hikes through the first half of the year, fixed income funds got off to a strong start w...

2023-12-27 00:26:00 ET Summary The US bond market has had a rough ride for much of the past two years, but the powerful rally over the last two months suggests the worst is over. The critical factor for bond prices in the year ahead, of course, is inflation’s path. The ...

2023-12-26 03:48:57 ET Summary Transitory "Demand-Pull" Inflation has decreased from 9% in June 2022 to 3% today. It was caused by temporary COVID-related supply shortages. The next wave of inflation, called "Cost-Push," is expected to be long-lasting and caused by excessive money...

2023-12-25 10:30:00 ET Summary For Q3, the consensus estimate from sell-side analysts tracking the stock market was for growth of just half a percent. Instead, the U.S. economy beat that number tenfold. As early as June, we saw year-over-year inflation in the United States that wa...

2023-12-25 10:05:00 ET Summary As 2024 comes into view, let’s take stock of the more important developments we saw through 2023 – and what they could mean moving forward. The year started out with a massive run-up in treasury yields that began in mid-2020, nearly res...

2023-12-25 08:15:00 ET Summary We have experienced a sequence of rapid and forceful rate hikes as the Covid exit occurred, to a multi-month “no change in rates” period, to the beginning of a sequence of rate cuts. The debate among market agents is now focused on how low ...