SEF News and Press, ProShares Short Financials From 06/28/19

Attached is a weekly chart of Schwab (SCHW), clients' 2nd largest holding behind Microsoft (MSFT), and a mutual fund firm with $3.5-$4 trillion in assets under management, assets greater than Goldman Sachs, Morgan Stanley and a host of others. I was out to dinner a few weeks ago, with friend...

Volumes in the futures markets have moved significantly higher since the turn of the century, and the number of products offered by exchanges around the globe has increased. Futures offer hedgers, arbitrageurs, investors, and speculators the ability to add or remove risk from their portfolios....

Total household debt increased 0.9% to $13.67T in Q1 2019, and is now $993B higher than the previous peak of $12.68T in Q3 2008, according to the Federal Reserve Bank of New York's Quarterly Report on Household Debt and Credit. More news on: Financial Select Sector SPDR ETF, Direxion Dai...

The Federal Reserve observes risky debt issuance has picked up recently, though refinancing activity has decreased because of "somewhat elevated spreads," according to the central bank's semi-annual Financial Stability Report. More news on: Financial Select Sector SPDR ETF, Direxion Dail...

The new head of the Consumer Financial Protection Bureau  plans to continue her predecessor's review of its public complaints database, Reuters reports. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Share...

Four of the six largest American banks delivered a mixed bag of first-quarter financial results this past week - but that's probably the sector's best this year, especially if the Fed does not increase interest rates, according to Citigroup . More news on: Rex Shares MicroSectors U.S. Big...

This blog post addressing Financial sector earnings came out Thursday night, which didn't help readers, so I wanted to do one more dissection of expected S&P 500 2019 earnings and make the case for Financials from a different perspective. The above I/B/E/S by Refinitiv table from This ...

Corporate high yield, as symbolized by the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), outperformed the S&P 500 this week, returning +0.61% vs. the SPY's +0.51%. I would think that would bode well for forward returns for the S&P 500, as the key benchmark is now just 35 point...

The CEOs of the biggest U.S. banks plan to tell Congress this week that regulatory reforms since the 2008 financial crisis have made the U.S. financial system less risky and more resilient. More news on: JPMorgan Chase & Co., Citigroup Inc., The Goldman Sachs Group, Inc., Financial s...

JPMorgan Chase ( JPM -0.9% ) and Wells Fargo ( WFC -1.5% ) will start off Q1 earnings season on Friday, giving an early view of how the year is shaping up. More news on: JPMorgan Chase & Co., Wells Fargo & Company, The Goldman Sachs Group, Inc., Financial stocks news,...