SPXT News and Press, ProShares S&P 500 Ex-Technology From 06/18/24

2024-06-18 09:15:00 ET Summary The internal health of the stock market has markedly deteriorated, giving way to a number of warning flags that could presage unfavourable performance in the short to medium term. Stock market breadth has fallen by the wayside as fewer and fewer part...

2024-06-18 08:45:00 ET Summary The Fed did not lower its inflation forecast based on the Personal Consumption Expenditure (PCE) index, and it raised its unemployment forecast to 4.1%. The Fed cannot fight market rates, so if Treasury yields go lower, the Fed may be forced to cut r...

2024-06-18 08:40:00 ET Summary After dipping in April, teen jobs rose in May 2024 to their highest level since September 2007. Since January 2024, there has been a shift away from younger teens (age 16-17) in favor of older teens (age 18-19) in the job figures. As of May 2024,...

2024-06-18 08:10:00 ET Summary Unsurprisingly, investors have become increasingly exuberant about stock prices in conjunction with the market rally that began in 2022. When looking at the consumer survey data by income bracket, we see that the lowest and middle-income brackets hav...

2024-06-18 07:25:00 ET Summary There’s broad agreement among portfolio managers that a concentrated group of AI winners will drive returns over a short-term tactical horizon. U.S. stocks hit record highs and bond yields fell after the May CPI came in below expectations. The...

2024-06-18 07:10:00 ET Summary The dollar has caught a bid ahead of the US retail sales and industrial production figures. A hawkish hold by the Reserve Bank of Australia has not done much for the Australian dollar, which is little changed on the day. Benchmark 10-year yields ...

2024-06-17 22:10:00 ET Summary Elections for the EU parliament are sending shock waves throughout financial markets in Europe. This expectation of a French veto of Monsieur Macron’s party is causing investors to buy German bunds and sell French government bonds, causing an ...

2024-06-17 15:25:00 ET Summary The technology sector, as of this week, is now 33.6% of the S&P 500 index. The top 3 companies in the index account for 21% of the index, also a record. The index has 500 stocks, but if you own it, nearly half your money is invested in just 1...

2024-06-17 12:45:00 ET Summary A familiar, powerful but narrowing pattern emerges. Last week’s preference for "safe, secure and the non-economically sensitive" large-cap tech propels the market to new records. What's the message? The Pattern Read the ful...

2024-06-17 08:30:00 ET Summary What earnings growth say about the markets. Has the market rally moved beyond big tech? Other sectors that may provide opportunities. ... Read the full article on Seeking Alpha For further details see: Is Earnings Gr...