PST News and Press, ProShares UltraShort Lehman 7-10 Year Treasury From 02/20/24

2024-02-20 07:00:00 ET Summary The resilience of the U.S. economy during 2023 owed much to low unemployment and excess savings built up through the pandemic. Excess savings may still be out there, but only among those on middle and higher incomes. Inflation in non-discretionar...

2024-02-19 23:46:00 ET Summary The Producer Price Index dished up another nasty surprise, with the Services PPI leaping by 7.1% annualized, and with the Finished Goods PPI jumping by 4% annualized in January. During the current tightening cycle, the 2-year yield started rising in ...

2024-02-19 10:35:23 ET Summary The inverted yield curve, historically a reliable indicator of recession, has not yet led to an economic contraction. Economist Campbell Harvey, who developed the yield-curve indicator, acknowledged its potential inaccuracy due to inflation-adjusted ...

2024-02-18 21:32:00 ET Summary It is that after trying to figure out whether the economy and markets would achieve a soft landing in the wake of the post-Covid tightening cycle, no one quite knows what to think now that the soft landing appears to have arrived. By and large, leadi...

2024-02-18 18:35:00 ET Summary The underlying floor of our coming markets continues to be the Fed and when they might lower interest rates. CBS reports that Americans now owe a collective $1.13 trillion on their credit cards, with an average balance of $6,360. The Fed’s...

2024-02-17 02:40:00 ET Summary This week was particularly trying, and most of all for the masses tethered to the “6 in ’24” narrative proclaiming six Fed funds rate cuts in 2024. Many of the categories that make up typical household budgets saw price gains in ...

2024-02-16 20:35:00 ET Summary The January Consumer Price Index and Producer Price Index inflation reports both came in hotter than expected - underscoring the challenge of reaching the Fed's 2% inflation target. Policymakers have repeatedly noted the need for additional evidence ...

2024-02-15 11:30:00 ET Summary Inflation and Treasury yields move together to a degree, but they’re hardly joined at the hip in the short term. For the most part, it’s reasonable to assume that inflation influences the 10-year, although at times the causality can flo...

2024-02-15 03:00:00 ET Summary Headline year-over-year inflation still came down - to 3.1% from December’s 3.4% - though remaining above the expected 2.9%. Core goods prices declined for the third consecutive month. Activity data and inflation numbers all suggest that m...

2024-02-14 20:44:00 ET Summary US inflation report, a wake-up call to markets. What January's CPI data means for bond market. Why markets are once again not listening to what the Fed is saying about rates. U.S. CPI data for January came in hotter than expected, cau...