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

2023-03-23 06:30:00 ET Summary The narrative exists that we are not out of the woods yet on our banking problems. That seemed to be top of mind for investors selling stocks on the heels of Wednesday's 1/4th-point bump in the Fed funds rate. In this skittish environment, do not...

2023-03-23 06:28:00 ET Summary In a closely watched decision, the Fed lifted its benchmark lending rate by 25 basis points to a range of 4.75% to 5% at the conclusion of its March policy meeting. We almost always know what the Fed is going to do on announcement day because the dat...

2023-03-23 06:00:58 ET Summary Powell's remarks were generally hawkish. In particular, he pushed back against expectations of a pivot later in 2023. Yellen's remarks threw cold water on hopes for a quick and decisive extension of insurance guarantees for all US deposits. The c...

2023-03-23 05:00:00 ET Summary The Fed raised its policy interest rate by another 25 basis points, to a target range of 4.75%-5.00%. The Fed’s base case, indeed, isn’t that dovish at all - certainly not as dovish as the markets. There is a striking dissonance in ...

2023-03-23 03:04:00 ET Summary The Fed has now hiked by 475 basis points in 12 months, far more than anyone had publicly imagined a year ago. By hiking rates and continuing QT while simultaneously providing liquidity support for the banks, the Fed made a clear distinction between ...

2023-03-23 02:03:00 ET Summary Although CPI inflation remains at or above six percent, the FOMC has slowed down in its monetary tightening over the past two months. With an increase of only 25 basis points, the March meeting is the second month in a row during which the Fed has pu...

2023-03-22 23:13:00 ET Summary The Federal Reserve has hiked the fed funds target rate range 25bp to 4.75-5% as largely expected by the markets and economists. The Fed is not expecting recent banking woes to significantly derail the economy. We are a little more pessimistic, h...

2023-03-22 21:17:58 ET Summary The Federal Reserve raised the Fed funds rate 25 basis points to a target rate of 4.75% to 5% on Wednesday. The Fed also updated its economic projections for the next few years. It appears a broader crisis is being priced in based on the market's...

2023-03-22 20:56:25 ET Summary As expected, the FOMC raised rates by 0.25% at their meeting this week, bringing the Fed funds rate to a range of 4.75% to 5.00%. The decision was unanimous, and the Fed signaled one more hike to follow. However, this almost certainly isn't enoug...

2023-03-22 17:02:00 ET Summary The economic data renaissance combined with the threat of financial sector instability leaves central banks with difficult choices. Strong household and corporate finances are likely to limit the downturn to a mild recession. The Fed faces a daun...