SPLX News and Press, ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN From 04/12/23

2023-04-12 17:36:27 ET Summary Each month adds another nail to the coffin. Year-over-year metrics are still living on the glory days of early 2022. Inflation bears need a better thesis - the argument is already decomposing. The argument about inflation was further cr...

2023-04-12 10:31:34 ET Summary We summarize key data and provide an in-depth analysis of the monthly Consumer Price Index report released by the U.S. Bureau of Labor Statistics. All-Items CPI came in lower than expected, while core CPI was slightly softer than expected. The re...

2023-04-12 09:43:59 ET Summary Inflation is falling as fast as it rose. The core rate is lagging in its decline due to categories that should abate as the rate of economic growth slows. The Fed is likely done raising short-term interest rates. Today's report is bullish for...

2023-04-12 09:20:00 ET Summary On 10 March 2023, federal bank regulators shut Silicon Valley Bank. Their action followed a run on its deposits. The failure of Silicon Valley Bank represents the second largest bank failure in U.S. history and was quickly followed by the third large...

2023-04-12 06:27:18 ET Summary The private domestic sector balance increased by $264+ billion in March 2023 despite the external sector and bank credit creation headwinds. Bank credit retraction was -$53+ billion as more loans were repaid or written off than were created. The ...

2023-04-12 00:30:00 ET Summary From a historical standpoint, inflation, quality of labor, and cost of labor all remain elevated and account for a massive share of the most pressing issues facing small businesses. Inflation has improved compared to last July when it was top of mind...

2023-04-11 23:46:00 ET Summary SP500 Net Non-Commercial Futures established a new weekly record for the length of time it has averaged (negative) -200 with last week’s number of -321.5, more than 9 months of intense pessimism by this market psychology indicator. Market Psyc...

2023-04-11 17:13:57 ET Summary Timing and predicting recessions is an important task, not only for traders looking to make a profit but also for policymakers looking to correctly time stimulus measures. Current data implies a recession is underway or imminent. Monetary policy ...

2023-04-11 14:48:00 ET Summary Q1 is expected to mark the second consecutive quarter of negative y/y earnings growth, which meets the criteria of an earnings recession. Analysts have set the bar lower heading into earnings season by downgrading Q1 estimates. From a guidance pe...

2023-04-11 14:34:00 ET Summary Small business optimism continued to decline in March with the headline index from the NFIB falling from 90.9 down to 90.1. Given the small business outlook for the economy has soured, fewer firms are reporting plans to increase hiring or capital exp...