SPXU News and Press, ProShares UltraPro Short S&P500 From 05/24/24

2024-05-24 18:40:00 ET Summary The “Magnificent Seven” became the “Magnificent One” - Nvidia. The Fed minutes trigger a market collapse on no new news. When in doubt, return to the Covid playbook. My guess the reason to be primitive AI...

2024-05-24 11:50:00 ET Summary Wall Street economists increasingly believe the risk of recession has fallen sharply. We currently have the longest, consistent period in history where the yield spread between the 10-year Treasury bond and the 3-month Treasury bill is inverted. ...

2024-05-24 09:45:00 ET Summary It is widely known that markets can be influenced by economic data releases that deviate significantly from consensus. We have quantified the impact of economic surprises on the US government bond market for different tenors, as measured by the quint...

2024-05-24 07:35:00 ET Summary The dollar is paring yesterday's advance that was spurred by the rise in US rates following the preliminary PMI. Asia Pacific and European equities have sold off in the wake of yesterday's slide in the US. The Canadian dollar was the weakest of t...

2024-05-24 04:45:01 ET Summary The Fed warns that "valuations across a range of markets appeared high relative to risk-adjusted cash flows". This is essentially a warning about the "everything bubble". Due to the sticky and elevated inflation, the Fed will be forced to burst t...

2024-05-24 00:05:00 ET Summary The current focus of the FOMC is on achieving the inflation mandate rather than the employment mandate. The FOMC is more concerned about the risk of inflation than the state of the labor market. Unemployment remains low and is not a major concern...

2024-05-23 12:31:32 ET Summary The Fed minutes read much more hawkishly than expected. The Fed is not nearly as confident on the path of inflation as previously thought. The odds for rate hikes are better than what would have been thought at this point. The FOMC minutes ...

2024-05-23 11:19:00 ET Summary In March 2023, the AIER Business Conditions Monthly Leading Indicator fell to its lowest level in five months. The Roughly Coincident Indicator, meanwhile, rose to its highest reading since September 2023. The index levels for March were 58 for t...

2024-05-23 10:56:45 ET Invesco's Global Market Strategist Kristina Hooper in a recent investor note said that stocks may have more room to run, despite what many market participants think.... Read the full article on Seeking Alpha For further details see: Stocks have mo...

2024-05-23 10:16:00 ET Summary The employment situation for U.S. teenagers dipped slightly in April 2024. The seasonally adjusted number of 16-19 year olds counted as having jobs decreased from the previous month's total by 23,000 to 5,839,000. Although it dipped, the jobs tre...