SPXE News and Press, ProShares S&P 500 Ex-Energy

2024-07-31 07:00:00 ET Summary A 15 bps hike by the BOJ and plans to halve its bond purchases by the end of FY25, coupled with a hawkish press conference by Governor Ueda sent the dollar to nearly JPY150. The focus is now on the Federal Reserve, which is expected to signal that it...

2024-07-31 00:30:00 ET Summary The Conference Board's Consumer Confidence Index ticked up in July, which rose to 100.3 this month from June's downwardly revised 97.8. Present Situation Index decreased while Expectations Index rose, signaling concerns about future economic conditio...

2024-07-30 21:25:00 ET Summary Vacancies decreased to 8.184 million in June from May's upwardly revised level of 8.230 million. In June, there were 6.811 million unemployed workers and 8.184 million job openings. This equates to 1.20 jobs available per unemployed worker in Jun...

2024-07-30 14:27:37 ET Summary Equity market unwind may accelerate due to Fed signaling rate cuts and BoJ signaling rate hikes. Fed and BoJ can influence the unwind process through forward guidance and economic data affecting interest rates. The market rally is being driven by...

2024-07-30 10:30:00 ET Summary During bullish years, corrections happen more often than you think. In a market driven by bullish momentum, it is challenging to abruptly change its direction without the influence of an outside force. So far, the current correction, which has re...

2024-07-30 09:40:00 ET Summary The method we've used to track the probability of recession in the U.S. since the U.S. Treasury yield curve first inverted in October 2022 is about to do something it hasn't done before. It's going to record a "triple top". In the past week, the yiel...

2024-07-30 07:25:00 ET Summary With Biden out, is the Trump trade unwinding? What a Harris Democratic ticket could mean for markets and the economy. Why now is the time to be invested. The decision by U.S. President Joe Biden to drop out the 2024 presidential...

2024-07-30 06:48:00 ET Summary An unexpected decline in Japan's unemployment did not prevent a retreat in the yen to a four-day low ahead of tomorrow's data and conclusion of the BOJ meeting. An unexpected contraction in Germany's Q2 GDP was offset in the aggregate by better Frenc...

2024-07-30 03:20:00 ET Summary The back ends of curves have been dipping as growth concerns in the US and eurozone lurk. Second quarter eurozone GDP figures are expected to remain in positive territory, but only by a small margin. The US re-funding announcement is due on ...

2024-07-30 02:05:00 ET Summary At the start of last week, the People’s Bank of China cut its seven-day repo rate to 1.7% for the first cut in a year. Due to a slowing economy in Europe, I expect another European Central Bank (ECB) interest rate cut soon. The U.S. econom...