SPLX News and Press, ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN From 04/05/23

2023-04-05 07:56:00 ET Summary Global equities were volatile in the first quarter, as turmoil in the banking sector jolted markets. While swift regulatory action helped stem contagion, the crisis dented investor confidence in a fragile market environment and has sharpened awarenes...

2023-04-05 04:10:00 ET Summary The Bureau of Labor Statistics released data as part of its Job Openings and Labor Turnover Survey (JOLTS). These are based on surveys sent to 21,000 businesses about their actual workforce details. Job openings fell but remained historically high. A...

2023-04-05 03:00:00 ET Summary A silver lining of 2022 - the most challenging bond market in 40 years - is that bond yields rose to levels not seen since 2007. Concerns about the financial sector led bond prices to rise and yields to fall in March 2023, a reminder that investors o...

2023-04-05 02:22:00 ET Summary Earnings expectations have weakened this year; however, we still expect lower earnings per share growth than consensus expectations. Profit margin changes are a key driver of earnings growth. We expect further margin weakness ahead. Our weak earn...

2023-04-05 00:41:00 ET Summary Why OPEC's production cut could impact broader markets. An unexpected cut in oil production just made the Fed's job more complicated. Is Commercial real estate the next shoe to drop for banks? The surprise OPEC+ production cut i...

2023-04-04 23:15:00 ET Summary A tricky situation is unfolding, making it rather difficult for the Federal Reserve Bank to honour earlier promises to gradually ease off in its ongoing fight against inflation. Despite consumer expectations having shrunk dramatically, US companies c...

2023-04-04 15:36:00 ET Summary At the beginning of last year, interest rates stood at 0% and today the benchmark interest rate stands at 5.0%. The S&P 500 rose +3.5% last month, and the technology-heavy NASDAQ index catapulted even more (+6.7%). But not everyone escaped unscat...

2023-04-04 12:48:00 ET Summary The market bottomed last October despite ongoing concerns about inflation, higher rates, recessionary risks, and a banking crisis. Bear Markets tend to be long-term affairs where prices grind sideways or lower over several months to two years as valu...

2023-04-04 11:20:00 ET Summary Political Calculations' initial estimate of median household income in February 2023 is $80,893. After last month's substantial revisions, the Bureau of Economic Analysis' latest revisions of its aggregate income data were miniscule. The U.S. Cen...

2023-04-04 03:30:00 ET Summary This banking crisis may be past its peak, but the bad news is that it is surely not over as there is a flight of deposits out of banks and into money market mutual funds that SVB’s failure simply accelerated. The differing effect on inflation ...