SRTY News and Press, ProShares UltraPro Short Russell2000 From 09/29/21

The post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows. The reopening trade should resume in coming months. The cyclical stocks that comprise the value factor are reporting stronger earning...

There was a serious inventory problem, a dangerous buildup which had been building since the middle of the year before getting more and more out of balance. The vicious part of the inventory cycle had already begun by the time the first rate cut was announced, with wholesalers, in par...

Financial markets tumbled on the Monday preceding the meeting. The projections provide further evidence of progress towards the Committee’s inflation objectives but not quite as strong as had been expected. It was clear that uncertainty about the path for the Delta variant ...

US equities have not been having a bad time recently, but have certainly been struggling to go higher. China's slowdown, Evergrande contagion worries, supply chain disruptions, energy price surges, an appreciating dollar, rising Treasury yields, US debt ceiling anxiety, lingering Covi...

The Consumer Confidence Index from The Conference Board fell again in September, falling 5.9 points or 5.1 percent to 109.3. September was the third decline in a row and puts the index 19.6 points below the June 2021 peak. Both major components of the index fell for the month. The...

Valuations are high and need to contract. The Fed is tapering and that will tighten financial conditions. The market internals are everything but healthy. For further details see: The S&P May Rise To 5,000 Someday, Just Not Anytime Soon

Given the Fed’s ongoing balance sheet operations, investors fully believe they have protection from a decline. As is always the case, the investing public believes future earnings will justify higher prices during a melt-up. It just never works out that way. While it is ess...

The race toward the Fed’s taper start deadline took an interesting turn last week. Unless the market’s playbook has been permanently rewritten and higher interest rates are no longer the bane for higher stock prices, the bull market may now be living on borrowed time. ...

New orders for durable goods rose again in August, gaining 1.8 percent, the 15th rise in the last 16 months. Total durable goods orders are up 16.9 percent from a year ago. Durable goods orders continue to be strong, particularly the core capital goods components. For furthe...

So, we recently got the 5-10% pullback I warned about, but investors still seem jittery about the stock market. Just because Fed policy will be less loose in the future does not make it tight. There are still plenty of dollars in the system to drive stock prices substantially high...