SPLX News and Press, ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN From 05/09/23

2023-05-09 00:25:00 ET Summary Last week saw the FOMC make one-and-one-half decisions on Wednesday, followed two days later with the release of the most recent jobs data. In commenting on the statement at the post-meeting press conference, Chairman Powell was emphatic that the Com...

2023-05-08 17:19:25 ET Summary The S&P 500, and stocks in general, came a long way since their October bottom, with the SPX appreciating by nearly 20%. However, not quite 20% is still shy of a bull market, and we're seeing signs that the economy could deteriorate as we move ah...

2023-05-08 17:00:20 ET Summary Republicans and Democrats always work out the debt ceiling at the last minute, right? Actually, this is a big deal. The economy has been juiced by unprecedented amounts of borrowing and deficit spending over the past three years. By my back-of-th...

2023-05-08 16:44:00 ET Summary In the trading week ending on Friday, 5 May 2023, the S&P 500 ended the week at 4136.25, down just 0.8%. The biggest market-moving news of the week was the Federal Reserve's quarter-point rate hike. The CME Group's FedWatch Tool anticipates t...

2023-05-08 16:23:00 ET Summary Federal Reserve data shows $98 billion of deposits left the banking system in the week after the Silicon Valley Bank collapse. The slump in mark-to-market valuations of all asset classes from loans to investments is what will ultimately drive an inev...

2023-05-08 13:40:00 ET Summary A handful of stocks had fared well last week, but the broader averages were mostly lower. It is still a grind, and the range is still intact. We still have a banking crisis on our hands. Banks are giving us 0% interest on our money. Investors have wo...

2023-05-08 09:05:00 ET Summary The increase in the Q1 ’23 S&P 500 EPS estimate since 3/31/23 shows a big jump and reflects an “upside surprise”. There has been an improvement in “expected 2023” sector growth rates: Consumer Discretionary has ...

2023-05-08 07:00:00 ET Summary Although 2022 was not a good year for most investment asset classes, a recovery in equities actually began early in the fourth quarter of the year. Positive investment flows have occurred in fixed income as bond returns began to improve late last yea...

2023-05-08 03:00:00 ET Summary The unfolding banking crisis ensures tighter credit for an economy already downshifting. Stocks (and other asset markets) feast on distorted low market yields. The system faces an extremely challenging adjustment period. Today's banking crisis is...

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...