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

2023-05-09 20:45:00 ET Summary Why a policy shift may come sooner than expected from the Fed. Was the latest rate hike by the Fed Reserve a policy mistake? The Fed could be about to make a policy move on bond purchases, and what it means for markets. Concerns...

2023-05-09 20:20:00 ET Summary Wednesday morning the much-awaited CPI report is released by the BLS and as the clock ticks down to the 8:30 release, market expectations are the YoY inflation rate will come in at 5%. A low monthly inflation rate was also reported in April 2022, i.e...

2023-05-09 19:10:00 ET Summary After initially dipping in December 2022, total teen employment (Age 16-19) has increased, rising by nearly 1.0% from November 2022. That overall pattern has been driven by older teens (Age 18-19), which rose by almost 2.7% from November 2022's level...

2023-05-09 12:40:00 ET Summary Three-quarters of NASDAQ companies have reported Q1 2023 earnings thus far, and the aggregate year-over-year EPS decline is 10.2%. Canada’s S&P/TSX Composite is expected to report YoY earnings decline of -16.4% in Q1 with -10.2% and -2.9% ...

2023-05-09 11:40:00 ET Summary The COT (Commitment of Traders) data, which is exceptionally important, is the sole source of the actual holdings of the 3 critical commodity-trading groups. Interestingly, the COT data also shows that Non-Commercial Traders are heavily net short the...

2023-05-09 11:00:00 ET Summary Many have been trying to glean market direction based upon earnings. Unfortunately, history has taught us that earnings will never be able to assist in identifying market direction at the major turns. I strongly encourage each and every investor ...

2023-05-09 09:58:39 ET Summary More than half a trillion dollars in assets have been wiped out this year from the failures of Silicon Valley Bank, Signature Bank and First Republic Bank alone. The U.S. has more banks than any other nation on earth, even as the number has dropped p...

2023-05-09 08:59:26 ET Summary Regional bank turmoil started after a softening willingness of banks to issue loans. Such strictness of lending has preceded a recession every time it has happened since the 60s. Small business survey also suggesting a recession by historical sta...

2023-05-09 04:00:00 ET Summary Better-than-expected results for the week once again lift S&P 500 EPS growth for Q1 2023, now set to come in at -2.2%. Potential earnings surprises this week: PerkinElmer, Air Canada. Names to watch during the third peak week: DIS, TWLO, UAA,...

2023-05-09 03:42:23 ET Summary In today's article, I explain why the April CPI report is likely to surprise the market, leading to the repricing of the forwarding funds rates. It may be a game-changer. Strong data from the U.S. economy triggered a market rally rather than "good-ne...