SPLX News and Press, ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN From 05/07/23

2023-05-07 12:05:00 ET Summary Key technical levels and patterns in the S&P 500 across all timeframes. Current and future drivers of price action. My call for next week. It's been a volatile week for the S&P 500 ( SPY ), and already the May range is large...

2023-05-07 06:15:00 ET Summary The CPI report will likely create a lot of volatility before and after the data release. The reason is that now the Fed is going to be data dependent, which means hot data will drive more rate hikes. This will increase overall market volatility h...

2023-05-07 05:11:00 ET Summary Investors expect that they’ve now seen the last rate hike in this hiking cycle, and for rate cuts to begin as soon as July. For rate cuts to be in the cards, the Fed will need to see a desperately struggling economy or a financial crisis - not...

2023-05-07 04:05:00 ET Summary Whenever the dominant investment narrative shifts, asset correlations tend to change as well. Conditions shifted abruptly with the Silicon Valley Bank failure. Suddenly, inflation seemed less of a threat and investor fears pivoted back towards recess...

2023-05-07 03:54:39 ET Summary Last week was a volatile week for the stock market, no one really seems to know where things are going. Wednesday the Federal Reserve raised its policy rate of interest for the tenth time since the middle of March in 2022 and the stock market went do...

2023-05-06 08:48:02 ET Summary This week, the Fed Funds Rate was raised to 5-5.25%. Rates are now in restrictive territory and the Fed has changed their tone. A rate pause is the most likely outcome next month, in our opinion. A picture is worth a thousand words, but a cha...

2023-05-06 06:01:26 ET Summary High frequency indicators can give us a nearly up-to-the-moment view of the economy. The metrics are divided into long leading, short leading, and coincident indicators. Having failed to make a new high in the past 3 months, stock prices have dec...

2023-05-06 02:20:00 ET Summary Establishment Survey rises 253,000, Household Survey rises 139,000. Some describe these reports as “Hot employment demand” and are disappointed on inflation expectations while others point to the decline in Job Openings as indicative of...

2023-05-06 01:15:00 ET Summary The US labor market is showing signs of resilience, but now the focus shifts back to inflation, with a close eye staying on the banking space. President Biden will meet with four top congressional leaders on May 9th to discuss the budget which will d...

2023-05-06 00:45:00 ET Summary The April jobs report defied expectations for a slowdown, instead showing a drop in the unemployment rate back to 3.4%. The market may believe that the Fed has delivered its final hike of the current tightening cycle, but the latest labor market data...