SPLX News and Press, ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN From 03/08/23

2023-03-08 12:57:03 ET Summary The payrolls report for February is likely to be strong, possibly exceeding expectations. The Fed might be forced to accelerate the pace of interest rate hikes to 50bpt in March. Thus, the probability of a sharp selloff in S&P 500 is very hig...

2023-03-08 10:40:37 ET Summary As Federal Reserve Chairman Jerome Powell visits Capitol Hill this week, he reinforces his determination to get inflation back to 2%. Fed Fund futures are already factoring in a 50bp move at the next FOMC meeting, with a terminal rate as high as 5.75...

2023-03-08 10:00:00 ET Summary US recession risk is high, unless it’s not. Forecasting is hard, but almost every effort to project data benefits by combining estimates from several models. The Composite Recession Probability Index has yet to signal a high-probability es...

2023-03-08 08:49:00 ET Summary Stocks, bonds and key commodity prices broadly fell in February as investors revised up expectations for policy rate peaks amid surprisingly resilient inflation and global economic data. Of the four largest emerging markets, only Taiwan continued to ...

2023-03-08 06:30:00 ET Summary Every time Jerome Powell speaks, the Fed Open Market Committee (OMC) meets, the OMC minutes are released, and the market goes into a state of suspended animation. After a year of consistent messaging and rapid tightening, you would think the policy m...

2023-03-08 04:53:00 ET Summary Global business activity rose in February at the fastest rate for eight months, according to the JPMorgan Global PMI. The improvement has helped allay global recession fears, and came as a positive surprise to the markets. Consumer services outpe...

2023-03-08 03:00:06 ET Summary US productivity is on a declining trend, with output per worker growing at just 1% over the past decade, restrained by declining economic freedom and short-sighted economic policies. This long-term decline in productivity is likely to accelerate towa...

2023-03-08 01:52:00 ET Summary Why recession concerns are fading. The job market continues to show strength, even amid signs of economic weakness. Don't expect lower interest rates anytime soon. After eight consecutive rate hikes, the Bank of Canada is widely...

2023-03-08 01:45:00 ET Summary Interest payments are likely to make up a larger portion of the U.S. federal budget over the next decade, given the sharp rise in interest rates. According to its projections, interest payments on the national debt could rise to $1.4 trillion by 2033...

2023-03-07 22:53:00 ET Summary Fed Chair Powell’s testimony on Capitol Hill over the next couple of days will be the main focus of the market. Hawkish commentary generally tends to be received poorly by the market with the S&P falling an average of 7.5 bps on those days...