SPLX News and Press, ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN From 05/01/23

2023-05-01 18:10:00 ET Summary The way higher interest rates impact the U.S. economy has dramatically changed over the last six or seven decades. Higher interest rates squeezed savings and loan institutions to raise mortgage and auto loan rates. Zero rates and easy money empow...

2023-05-01 15:40:11 ET Summary The Fed is widely expected to hike interest rates by 0.25% to a range of 5.00%-5.25% at this week's FOMC meeting. This comes after three of the 30 largest banks in America have failed in the last two months. The stock market is all-in on a Fed pi...

2023-05-01 14:57:25 ET Summary Everyone's in a boil now because of the battle over the debt ceiling. The debt ceiling is not the real issue, the real issue is about the strength of the U.S. dollar. We need the government to follow fiscal and monetary policies that contribute t...

2023-05-01 14:29:31 ET Summary The Fed is likely to raise rates 25 basis points this coming week. Inflation is slowing but not enough for the Fed to even consider rate cuts. The equity market seems to expect this raise to be the last one. If it's not, it could be a bumpy summe...

2023-05-01 13:10:00 ET Summary It appears the recession is right around the corner. As the recession begins, the yield curves will begin to steepen. The 2s10s have started but the 3m10s has not budged. The market can stay irrational for a long time, but in addition, this is th...

2023-05-01 12:23:07 ET Summary The Fed meeting is in a few days, and the stock market is flirting with multi-month highs. If the Fed sets the right tone and doesn't get too hawkish on the conference call, many stocks could enjoy more upside. Moreover, many companies are delive...

2023-05-01 12:07:00 ET Summary Last week’s GDP report was not some kind of near miss, something that could be interpreted as negative if you just squint and employ a little confirmation bias. Real estate had another up week and continues its recovery. There are certainly so...

2023-05-01 11:20:00 ET Summary After the gradual erosion in S&P 500 EPS and revenue “upside surprises” in 2022, Q1 ’23 is breaking the trend and EPS has come in much stronger than expected. If you simply watched “price action” you’d th...

2023-05-01 09:45:00 ET Summary We see bond yields staying high in the new macro regime - that means income is back as a portfolio driver. We stay nimble and granular across fixed income. U.S. stocks rallied from a four-week low last week after tech earnings beat. Yields fell even ...

2023-05-01 09:02:00 ET Summary The S&P 500 ended the week at 4169.48, rising 0.9% over its previous week's close. The CME Group's FedWatch Tool anticipates the Fed will hike the Federal Funds Rate by a quarter point to a target range of 5.00-5.25% at its upcoming meeting on 3 ...