SPLX News and Press, ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN From 03/11/23

2023-03-11 09:00:00 ET Summary Markets rose and then sold off after the Jobs Report. Winning sectors and buys; sectors to avoid include information technology. Watch out for the Consumer Price Index Report next week. When the U.S. Bureau of Labor Statistics posted jo...

2023-03-11 08:14:00 ET Summary Nonfarm payrolls, the most-watched figure in the jobs report, grew by 311,000 last month. The layoffs we’ve been reading about in recent weeks are starting to show up in the job loss tables. We think the jobs numbers (a lagging indicator) ...

2023-03-11 06:36:00 ET Summary The rapid increase in central bank policy rates globally has meant that the cost of hedging currency exposure on foreign assets for many investors has changed significantly. The rapid change in cost for some investors has significant implications for...

2023-03-11 04:18:08 ET Summary Reducing the deficit does not reduce the debt. You need a negative deficit (surplus) to do that. US debt is projected to grow from $31 trillion today to $50 trillion in 2033. Interest on the debt could grow from $0.5 trillion today to $3 trillion...

2023-03-11 04:02:26 ET Summary The Energy transition from fluids to hard assets will present major opportunities and major disruptions for years to come. Despite the ongoing transition, "traditional Energy" is the only sector in a Bull market now. This is a time period to be c...

2023-03-11 00:46:00 ET Summary Wall Street will pay close attention to the February inflation report. The ECB is widely expected to raise interest rates by 50 basis points on Thursday but it’s what comes next that investors will be most interested in. The fact that the ...

2023-03-10 16:51:58 ET Summary Nonfarm payrolls grew by 311,000 in February. Data points regarding the number and duration of unemployment show no easing in the labor market. The wage/CPI correlation has tightened and hints to next week's inflation report. On Friday,...

2023-03-10 16:30:00 ET Summary Warren Buffett defended stock buybacks in Berkshire Hathaway’s annual letter, pushing back on those railing against the practice he believes benefits all shareholders. Mr. Buffett is correct that if repurchases are done at a “value-accr...

2023-03-10 12:54:49 ET Summary Rates have been a volatile ride recently. The jobs report was stronger than expected but was overshadowed by Silicon Valley Bank worries. The odds of a 50 bps rate hike have dropped, but are still on the table. The job report for Februa...

2023-03-10 11:05:00 ET Summary Another strong jobs figure for February would on its own have boosted market expectations for a 50bp rate hike on 22 March, but market angst is on the rise. Monetary policy operates with long lags, and higher borrowing costs and reduced access to cre...