SPLX News and Press, ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN From 04/06/23

2023-04-06 08:22:47 ET Summary Weaker economic data keeps raising recession fears. Yet slower growth is needed to tame inflation and end the Fed's rate-hike cycle. The S&P 500 has performed well when the Fed stops raising rates in data dating back to 1990. While infl...

2023-04-06 04:43:00 ET Summary One of the stickier components of recent inflation data has been services inflation. Inflation was a 2021 and 2022 story, but the Fed has been so aggressive with their rate hikes that they’ve now created a tremendous amount of credit risk. ...

2023-04-05 23:06:00 ET Summary The February Trade Deficit increased for the third month in a row, rising by $1.9 billion. Exports fell by a greater margin than Imports driving the Goods Deficit up by 3% or $2.7B. Net Services continue to fall as a percentage of total Exported ...

2023-04-05 15:58:00 ET Summary US total household debt is at $16.5 trillion, including auto loans of $1.6 trillion, credit card debt at $986 billion, and student loans at $1.6 trillion. At current mortgage rates, US households need an income of $86,736 to qualify for the median-pr...

2023-04-05 13:09:00 ET Summary Assessing US recession risk isn’t getting any easier, but when it comes to cutting through the noise, I continue to rely on combining models for the single-best tool in the toolkit. The economy remains resilient despite several indicators sugg...

2023-04-05 12:51:31 ET Summary Deflation, not inflation is the real risk to the US Economy. The negative correlation between stocks and bonds demonstrates the bullish backdrop for fixed income especially at times of market stress. In this environment fixed income securities ar...

2023-04-05 12:07:17 ET Summary The labor market is still strong, but showing some cracks. However, given the Fed's guidance, there could be 2M+ jobs lost by the end of 2023. The S&P 500 is facing a recessionary selloff, as earnings are downgraded. The Wall Steet ...

2023-04-05 11:40:00 ET Summary Curve inversion equals pain. The manifestation of that pain is typically a recession, and the antidote is (eventual) rate cuts. A lot of this is now being discounted. Banking sector pain has eased the inversion, but only as more rate cuts are discoun...

2023-04-05 11:03:43 ET Summary The S&P 500 and stocks generally have put up a significant rally (19% for SPX). However, while quality tech stocks may have bottomed, other essential market areas have not. There's considerable risk that a recession, increasing defaults, a co...

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...