PST News and Press, ProShares UltraShort Lehman 7-10 Year Treasury From 01/17/24

2024-01-17 11:12:00 ET Summary The jobs market is tight, inflation is above target, consumer spending is holding up and recent Fed commentary suggests they are in no hurry to loosen policy. As such, we continue to favour May as the start point for interest rate cuts rather than Ma...

2024-01-17 09:52:00 ET Summary Liquidity is the lifeblood of capital markets, and in recent years, a quenching supply has come from the Federal Reserve’s Reverse Repo Program. Repurchase agreements are essentially short-term loans that allow financial firms to borrow from e...

2024-01-17 01:55:00 ET Summary The Monetary Base is up over 7% since March. M2 is also a bit higher. The primary driver of my bull thesis is the shift in the Fed’s monetary policy. It was only a matter of time before this occurred. The M2 measure of the money supply has...

2024-01-17 00:31:00 ET Summary Market expectations for 2024. Is a March rate cut by the Fed too optimistic? Potential earnings headwinds for Canadian companies. Equity markets posted strong returns at the end of last year on expectations of potential rate cuts as e...

2024-01-16 22:45:00 ET Summary The unprecedented shrinkage in M2 money supply continues, and with it we have seen generally falling inflation numbers. The M2 shrinkage process began in December 2022 and, as of this writing, it is still ongoing. In theory, if this shrinkage con...

2024-01-16 07:26:00 ET Summary The downward trend that began in June of 2022 is intact and we expect that the 2023 low will be breached during the first quarter of this year. After the supply issue is resolved, the price falls back to near where it was prior to the disruption. ...

2024-01-15 21:13:00 ET Summary The highest-rated core government bonds are called “risk free” not because their prices don’t go up and down, sometimes wildly, and not because they are insensitive to shifting economic forces. The overwhelming probability is tha...

2024-01-15 20:07:00 ET Summary Underpinning the Fed’s policies will be the basic data on the economy regarding the risk of recession and the movement of inflation. Consumer Price Index rose just 3.4% over the past 12 months, down from a peak of 9.1% in mid-2022. Long-te...

2024-01-15 06:44:12 ET Summary Disconnect between Fed policy and risk asset prices will worsen from 2024. Growth of debt issuance has a significant impact on bond yields and stock market performance. Debt issuance is becoming a primary determinant of risk asset prices. There i...

2024-01-15 05:25:00 ET Summary The first price index release of the year brings some less-than-welcome news: Inflation has ticked up once again. The Bureau of Labor Statistics announced the Consumer Price Index increased 0.3 percent in December. We need to compare the current ...