SPXE News and Press, ProShares S&P 500 Ex-Energy From 07/25/24

2024-07-25 02:55:00 ET Summary Calls from senior members of the Democratic Party finally became too great this past weekend, with President Biden bowing out of the 2024 U.S. Presidential race. Regardless of who faces off against former president Donald Trump in November, the U.S. ...

2024-07-24 23:00:00 ET Summary The sharp deceleration in detrended real M2 money supply growth, a fundamental cause of aggregate economic fluctuations, is a stark reminder of the past. The Fed has the tools to reverse the monetary restraint, but the process will prove painstakingl...

2024-07-24 12:30:00 ET Summary President Joe Biden’s late withdrawal from the presidential race creates a number of significant unknowns. While few expect a rate cut at next week’s meeting, probabilities could increase after Friday’s Personal Consumption Expen...

2024-07-24 10:46:00 ET Summary The 2024 deficit estimate has increased by $400 billion, a 27% rise from their estimate five months ago. For the next decade, the deficit is expected to be double that half-century average. The CBO forecasts no recession for the next decade, yet ...

2024-07-24 10:45:00 ET Summary As the Fed approaches its next framework review, there are numerous modifications the central bank could consider to further enhance its current monetary policy framework. If inflation is exceptionally low, the Fed might do some quantitative easing, ...

2024-07-24 09:55:00 ET Summary Among the indicators that have failed to provide timely signals of an approaching recession: the yield curve, the Leading Economic Index, and temporary help employment, which Axios notes “was big tell” in the past but has stumbled recently....

2024-07-24 07:45:00 ET Summary Momentum continued in the second quarter, with U.S. equities still led by the large technology stocks known as the Magnificent 7. History shows that a strong first half of the year often leads to a strong second half. There will be presidential e...

2024-07-24 07:20:00 ET Summary Climbing Limo uses nominal GDP data that was available back in December 2023 in its projections. Atlanta Fed's GDPNow forecast for 2024-Q1 was correct in projecting 2024-Q1's actual GDP exceeded the climbing limo's momentum-based forecast for this pe...

2024-07-24 07:05:00 ET Summary The dollar's gains have been extended today, but in the risk-off mode, and unwinding of carry positions, the Japanese yen and Swiss franc are firmer. The US 10-year yield is a little lower, around 4.23%, but it remains within the range set on Monday....

2024-07-24 03:31:24 ET Summary Master Sentiment Indicator, at 9.8, is at one of its most extreme readings in history. Three indicators that go into the MSI show extreme bullish sentiment: S&P 500 E-mini Commitment of Traders, NAAIM Exposure Index and the Hulbert Stock Survey. ...