RWM News and Press, ProShares Short Russell2000 From 06/16/22

The Fed's move wasn't entirely surprising, after markets were tipped off by a Wall Street Journal story late Monday indicating that a 75 basis-point (bps) hike was likely. At the press conference, Chairman Powell commented that by the end of 2022, the central bank intends to raise its...

The latest move of the S&P 500 places three major indices fully in the bear’s forest - the Russell 2000, the Nasdaq and now, at last, and firmly, the S&P 500. Never before has the Nasdaq (now down more than 30% since the start of the year) had so many stocks that are do...

After months of hand-wringing, U.S. indexes are now in bear market territory across the board, down 20% from their most recent highs. Right now, markets are caught in a tug-of-war between what may happen in the future—as a result of what the Fed does to control inflation—...

The S&P 500 is now officially in a bear market. 73% of all stocks are now down 20% or more, with the median stock down by -29.4%. The causes of today's rout were an inflation hangover and recession fears. The next shoe to drop could be a 75 bp hike in the Fed Funds rate. T...

Money supply growth can often be a helpful measure of economic activity, and an indicator of coming recessions. Even with March's bump in growth, money supply growth remains far below the unprecedented highs experienced during much of the past two years. The money supply metric us...

Do things “break” because of rate hikes, or do they break on their own? My view is that the main effect of policy rate changes is via the effect on the housing market. At this point, worrying about the innards of inflation is a secondary concern relative to the ...

The S&P 500 has suffered a peak-to-trough decline in 2022 that parallels recent episodes of financial market corrections that were not followed by recessions. When recessions have occurred, the decline in equity markets has been much more severe. The Financial stress index poi...

More Americans say they hear mostly negative news about the economy than hear positive news, or a balance of positive and negative. In many countries, a recession is defined as two consecutive quarters of negative GDP growth. There is indeed a sense in which high inflation can lea...

Consumers in America will keep spending in 2022 despite inflation running higher than wage gains. The surge in durable goods spending seen in the last two years may reduce demand for durables in the coming years - spending on consumer durables will taper down gradually but not severel...

If there was only one causal factor nudging the economy into recession, it might be a mild, brief recession. Severe, long-lasting recessions occur when multiple conditions arise at the same time. Since stimulus generated the inflation weighing on the economy, stimulus can't be use...