PST News and Press, ProShares UltraShort Lehman 7-10 Year Treasury From 01/30/24

2024-01-30 03:20:00 ET Summary In my opinion, the border and the US labor force are paramount political issues in 2024. The current longevity and depth of the yield curve inversion is not atypical of the inversions that have preceded all recessions in the post-war period. The ...

2024-01-29 17:35:00 ET Summary Nominal GDP expanded an annualized 4.8% quarter-to-quarter and 5.8% year-over-year. Real GDP grew by 3.3% quarter-to-quarter and 3.1% year-over-year. The price index for domestic purchases rose 1.9% versus 2.9% last quarter. Bond market volat...

2024-01-29 17:15:00 ET Summary Both headline and core inflation (excluding food and energy prices) were 0.2 percent in December. Year-over-year, the figures were 2.6 percent and 2.9 percent, respectively. Stronger growth and falling inflation should signal to the Fed it’s t...

2024-01-29 12:25:00 ET Summary We think stock momentum can run for now as inflation cools and the Federal Reserve readies to cut rates. So we up our overall U.S. stocks view to overweight. Tech stocks led the S&P 500 to consecutive record highs last week. Robust U.S. Q4 GDP gr...

2024-01-29 09:24:00 ET Summary The economy has gained a head of steam since the FOMC’s December 13th meeting. Additional stronger-than-expected data this week. Q4 GDP was reported at 3.3%, down from Q3’s blistering 4.9%, but significantly above the 2.0% consensus est...

2024-01-29 03:58:00 ET Summary It was a narrow stock market in 2023, in terms of annual returns, with the so-called “Mag 7” leading the way. It’s still an ordinary bull market for the Nasdaq 100, with more room to the upside. The credit markets today seem ...

2024-01-27 01:45:00 ET Summary This week brought with it a couple more pieces of data to suggest that the positive trend the US economy enjoyed throughout 2023 is far from over. The good news this week: Gross Domestic Product (GDP) grew at a real quarterly rate (annualized) of 3.3...

2024-01-27 01:25:00 ET Summary Higher interest rates have had a significant (i.e., disinflationary) impact on important segments of the economy. Banks are still flush with liquidity. The Fed is not starving the system for liquidity as it did in prior tightening episodes. Durab...

2024-01-26 23:46:00 ET Summary The unemployment rate stayed under 4%, wage growth outpaced inflation and the stock market ended the year at an all-time high. Monthly inflation data measures the percentage change in price levels. So, when inflation falls from 9.1% to 3.4%, as it ha...

2024-01-26 20:55:00 ET Summary The dovish shift in Fed forecasts in December – with three rate cuts pencilled in for 2024 – incentivised the market to push even more aggressively in pricing cuts. However, they appear to have gone too far too fast for the Fed’s...