SPXU News and Press, ProShares UltraPro Short S&P500 From 06/02/24

2024-06-02 18:06:53 ET Summary US stock markets performed well in May despite a period of uncertainty. Data on inflation reached the market on Friday showing that the Fed's favored price index, the PCE, was up only 2.7 percent from a year earlier. Combined with information tha...

2024-06-02 16:00:00 ET Summary The S&P 500 was 30 minutes away from forming bearish patterns on the weekly and daily charts. Friday's rally into the close saved the charts and squeezed the bears. The May close of 5277 gives the first part of June a bullish bias, with new a...

2024-06-02 13:49:05 ET Summary Leveraged ETF prices drift due to beta-slippage. This monthly article series monitors 22 of them. ProShares Direxion Daily S&P 500 Bull 3x Shares ETF (SPXL) has experienced both positive and negative drift in its history. In volatile times, i...

2024-06-02 06:15:00 ET Summary Data this week will likely show a healthy job market and persistent inflationary pressures, reducing the odds of rate cuts in 2024. The ISM manufacturing index is expected to rise, while JOLTS data may show a slight drop in open jobs. ADP data an...

2024-06-01 10:40:00 ET Summary The investment climate is influenced by politics and economics, with upcoming events such as central bank meetings and elections shaping market expectations. The European Central Bank is expected to begin its easing cycle, while the Bank of Canada ma...

2024-06-01 05:55:46 ET Summary Markets for the most part corroborated the "higher for longer" and rising global yields thesis. The Nasdaq 100 declined 0.7% Wednesday in bearish trading action, as the Semiconductors slumped 1.9%. The yen has ominously little to show for the mon...

2024-06-01 03:00:00 ET Summary The Fed’s balance sheet shrunk by $118B in May - the largest amount since September of last year. When the Fed makes money, it sends it back to the Treasury. This has netted the Treasury close to $100B a year. International holdings have i...

2024-06-01 01:45:00 ET Summary The Treasury yield curve has been inverted between the 10-year and 2-year maturities for 500 days. Prior to the current inversion, which started in 2022, the 10-2 curve has inverted on four occasions since 1987. It still may be too early to concl...

2024-06-01 01:30:00 ET Summary The Fed’s favored core PCE price index, which excludes the volatile components of food and energy, jumped by 3.0% annualized in April from March (according to the Bureau of Economic Analysis today). The six-month annualized core PCE price inde...

2024-05-31 11:50:00 ET Summary Michael Lee, financial services industry veteran and founder of Michael Lee Strategy, discusses the outlook for stocks, gold, and cryptocurrencies. Michael thinks the economy will avoid recession, even as inflation remains sticky, and that this shoul...