SPLX News and Press, ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN From 03/30/23

2023-03-30 08:45:00 ET Summary Media reports of dramatic bank runs have receded. Without dramatic reports of bank runs or bank failures, needed reforms are unlikely. The problems in the US banking system will persist outside of the public view. They're likely to cause very ser...

2023-03-30 05:29:05 ET Summary We are seeing early warning signs that the U.S. stock market is headed for a bear market and the economy headed for a recession for several months now. Banks failing in the United States and Europe is just the next domino, and we see a resemblance to...

2023-03-29 22:40:00 ET Summary Lipper Equity Income Funds suffered their fifteenth largest weekly outflow on record during the Lipper fund flows week ending March 22, 2023. February was the largest monthly outflow (-$1.7 billion) since July 2020, and March is looking like it will ...

2023-03-29 13:25:00 ET Summary The economy continued to grow in March, with inflation still unacceptably high, and the Federal Reserve tightening further. A solid job market is the most important factor for consumer spending. Despite this, February retail sales dipped by 0.4 perce...

2023-03-29 03:30:00 ET Summary The inflationary upturn is now being led by stronger service sector price increases, linked largely to faster wage growth. In the service sector, backlogs of work rose as firms struggled to meet the rise in demand. The sustained downturn in deman...

2023-03-29 03:27:00 ET Summary We believe credit fundamentals should weaken in the unfolding environment, but to a manageable extent, given their strong starting point. Recent results show companies meeting lowered expectations with a slowing macro environment weighing on forward ...

2023-03-29 02:20:00 ET Summary Economic growth accelerated across the four largest developed economies on average in March. However, growth is skewed heavily towards the service sector, with manufacturing continuing to suffer falling orders. The resilience of growth and elevat...

2023-03-29 01:49:00 ET Summary The action in the bond market suggests that traders are increasingly betting on a recession and a Federal Reserve easing of rates in the US. When bond yield fell in December 2022, potential home buyers who had been on the fence took the plunge. T...

2023-03-29 01:35:00 ET Summary Investors are asking if the tide is still going out, whether credit seizures in the economy and markets are getting worse, or if the situation is improving. A comparison of the pace of investment grade debt issuance in 2022 and 2023 reveals a flatlin...

2023-03-28 15:27:00 ET Summary US consumer confidence improved in March despite concerns about bank failures and what it might mean for deposits. It supports a narrative of near-term spending strength, but higher borrowing costs and reduced access to credit are major headwinds whi...