SPLX News and Press, ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN From 04/03/23

2023-04-03 13:10:00 ET Summary The first quarter of 2023 was viewed as victory for the stock market, with the NASDAQ Composite gaining +18.6% from the beginning of 2023. Many market prognosticators believe a new market phase will be led by different stocks than in the past. Fo...

2023-04-03 13:06:00 ET Summary As we head into the second quarter of the year, markets are showing some resilience. For much of March, we were looking at apparently bearish patterns in major indexes, with the DJIA and the Russell 2000 on the edge of a breakdown. Even if our lo...

2023-04-03 11:34:00 ET Summary The liquidity issues at the banks under duress do not appear to be that widely shared. A month ago, central banks faced a dilemma: how to fight inflation without undue damage to the economy and jobs. The approaching end of the hiking cycle may be...

2023-04-03 11:20:00 ET Summary We see the U.S. policy push for leadership in clean tech and Europe’s fast-developing response creating near-term and strategic investment opportunities. Risk assets rallied amid stabilizing sentiment toward banks. Yet the disconnect between s...

2023-04-03 11:00:00 ET Summary There has been too much short-term bearishness of late. The market can see a pullback over the coming two weeks. The pullback will likely set up the next phase of the rally to 4300+. Sentiment is a funny thing. When the market is up, pe...

2023-04-03 07:46:29 ET Summary The major market indexes had their best weekly gains for the year last week, which also resulted in back-to-back quarterly gains. The exclamation point was a better-than-expected inflation report for the month of February. Several developments si...

2023-04-03 04:00:00 ET Summary Money fund assets are commonly viewed as a system liquidity buffer, with some of this cash inevitably heading to the stock market. While the stock market might appear exceptionally resilient, the system is acutely fragile. Markets are in a highly...

2023-04-03 03:13:08 ET Summary It is easy to feel like a genius when stocks are rallying. Instead, keep your feet on the ground by understanding the market rhythm. I attempt to explain that with charts. Stocks seem to shrug off scary news like the bank crisis. Could this finally b...

2023-04-02 03:43:00 ET Summary Bank shares plunged in the wake of the SVB meltdown, for understandable reasons, while Big Tech was off to the races, for reasons we will explore in further detail below. Stock price valuations are heavily influenced by interest rates, and a reductio...

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. ...