SPLX News and Press, ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN From 04/01/23

2023-04-01 10:29:00 ET Summary The S&P 500 earnings yield fell to 5.37% this week, but it should increase with the 'quarterly bump' next week in the FFQE. The only sector to see an increase in the expected full-year 2023 EPS growth (so far in 2023) is Communication Services. ...

2023-04-01 07:29:00 ET Summary Compared to February a year ago, consumer spending, adjusted for inflation, rose by 2.5%. This is solid growth. Consumers have been outspending inflation, largely due to the strength in spending on services while durable goods spending growth is stil...

2023-04-01 04:33:00 ET Summary On a year-over-year basis, the PCE price index without food and energy products (“core PCE”) jumped by 4.6% year-over-year in February. Within the core PCE index, the PCE price index for durable goods rose just 0.7% year-over-year. ...

2023-04-01 03:40:00 ET Summary Why the U.S. consumer continues to spend. As inventories begin to shrink, will retailers regain their pricing power and margins? Why consumer resilience is helping to push the chance of an economic slowdown further away. Even wi...

2023-04-01 02:55:00 ET Summary The Economic Trend Index and Economic Momentum Index have recently dropped below their tipping points (50% and 0%, respectively). But this signal looks premature or wrong, based on various indicators that, in isolation, show the economy is still expa...

2023-04-01 02:15:00 ET Summary As the Fed tightens monetary policy, a banking crisis is historically the first evidence that something was breaking. Historically, once the Fed opens dollar swap lines, further monetary accommodations follow from rate cuts to “quantitative ea...

2023-04-01 02:02:00 ET Summary The March US jobs report may not be enough to stop the Fed from tightening another 25 basis points in May. The South African Reserve Bank surprised markets and raised rates by 50 basis points in March, taking the policy rate to 7.75%. China: the ...

2023-04-01 00:30:00 ET Summary Initial jobless claims took a step higher this week rising by 7K to 198K. Claims have now been below 200K for 10 of the last 11 weeks. Although initial jobless claims modestly deteriorated, it has not exactly been a worrying increase as claims re...

2023-03-31 03:29:51 ET Summary A number of COVID-era fiscal support measures are set to end in 2023, which could pressure consumer spending, particularly amongst lower-income individuals. The immediate impact of this will likely be muted as consumers still have fairly strong balan...

2023-03-31 03:23:21 ET Summary In the past two weeks or so, the United States has experienced bank failures, Europe has experienced bank problems, and there is word that more may be in the future. Last week the Fed raised its policy rate of interest. Furthermore, the Fed conti...