SPLX News and Press, ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN From 04/20/23

2023-04-20 11:45:14 ET Summary The April options expiration has pinned the market between 4,150 and 4,200. This has the bulls trapped because advancing beyond 4,200 will be extremely difficult. The odds favor implied volatility rising from here. At the same time, liquidity is ...

2023-04-20 07:59:59 ET Summary Since Silicon Valley Bank's collapse, banks have pulled back on extending credit. Banks are now charging more to provide all sorts of loans including financing corporate bond holdings (provide margin loans). This carry spread, the difference betw...

2023-04-19 11:02:14 ET Summary The long-term primary trend has been bullish since 2009, and remains so. The S&P 500 is bouncing off the bottom of the latest fractal trading-range and is setting up to hit new highs later this year. The very short-term outlook is pointing to...

2023-04-19 02:10:00 ET Summary HORAN has served as a trusted advisor providing legendary service, support and partnership in employee benefits consulting, wealth management and life insurance for estate and business planning since 1948. 2022 was a tough year for investment returns...

2023-04-18 22:27:00 ET Summary The weekly S&P 500 Net Non-Commercial Futures Positions established a new record last week for the length of time of below -200 for this sentiment indicator. This correlated with a rise in the S&P 500 from $3.861.59 ending 3/10/2023 to $4,171...

2023-04-18 14:12:00 ET Summary The suggestion in last week’s FOMC minutes that a slight recession was a possibility later this year was widely publicized. The suggestion was initially reported as the FOMC’s view, but it was quickly corrected as having been contained ...

2023-04-18 13:03:00 ET Summary Discover Financial Services and Tesla feature bullish early earnings date confirmations in advance of what could be a challenging first-quarter reporting period. With S&P 500 earnings estimates continuing to retreat, firm-specific clues can offer...

2023-04-18 10:51:00 ET Summary The vast “cash hoard of 2023” has the bullish media salivating about what it means for the future of equities. That cash hoard in money market funds now exceeds $5.2 trillion. With net exposure to equities by professional and retail inv...

2023-04-18 09:43:00 ET Summary Changes to the Global Industry Classification Standard adjusted the sector weights in the S&P 500. Sector futures provide a way to manage risk related to the 11 GICS sectors and gain exposure to changes impacting differing sectors of the market. ...

2023-04-18 05:00:00 ET Summary U.S. Bank loans and leases declined by $105 billion in the two weeks following the banking system disruption, suggesting some downward pressure ahead for the U.S. economy. A plus 1% spread between the 1-year and the 10-year is a sign of a meaningfull...