SSO News and Press, ProShares Ultra S&P500 From 06/08/24

2024-06-08 03:20:00 ET Summary Many consider the PMI a key economic indicator, but it is not. The PMI, currently below 50, reflects market pessimism. The pessimism appears to be easing, and the next couple of reports could bring us over 50. Many consider the PMI a ke...

2024-06-08 00:01:00 ET Summary Coming into 2024, many income investors expected falling inflation, slowing economic growth and rate cuts that would boost bond returns- a view that spurred record flows into investment-grade bonds. Despite a slow start to the year for bonds, fixed i...

2024-06-07 22:55:00 ET Summary Payroll gains were hotter than expected in May, slamming the door shut on any hopes of a July policy rate cut. The latest jobs report showed that 272,000 non-farm payroll jobs were added last month, significantly beating consensus forecasts of 180,00...

2024-06-07 11:35:00 ET Summary US May non-farm payrolls came in at 272k versus the 180k consensus. The gains were once again led by the usual suspects of private education & health services, leisure & hospitality, and government. The unemployment rate has gone from 3.4...

2024-06-07 09:50:45 ET Citi Research spotlighted on Friday that the investment community was overall net buyers of fund assets for the week that ended on June 5, as exchange traded funds observed a positive week of inflows.... Read the full article on Seeking Alpha For further d...

2024-06-07 09:00:00 ET Summary Luke Lloyd, Wealth Advisor and Investment Strategist at Strategic Wealth Partners, starts by outlining the implications of the federal government adding $1 trillion in new debt every 100 days, plus consumers racking up' Phantom Debt' via 'Buy Now, Pay La...

2024-06-07 07:50:35 ET Summary The dollar is little changed against the major currencies ahead of the US jobs report. The odds of two Fed cuts this year are now near 90%, double a week ago. US index futures are little changed now and are up 2.0%-2.5% this week. Ove...

2024-06-06 14:42:46 ET Summary Bullish sentiment decreased 0.1 percentage points to 39.0%. Neutral sentiment decreased 5.2 percentage points to 29.0%. Bearish sentiment increased 5.3 percentage points to 32.0%. Pessimism among individual investors about the short-ter...

2024-06-06 12:15:00 ET Summary The trade deficit and the more comprehensive current account deficit can’t be 'fixed' with tariffs because they are rooted in our budget deficit. Foreign countries buy our goods because, in a lot of cases, they are the best or the only option ...

2024-06-06 07:35:00 ET Summary The dollar is mostly softer today, ahead of tomorrow's employment report. We suspect ECB officials will try to deliver a hawkish cut, by which we mean, framing the move to avoid the market driving down interest rates. The euro is in the upper end...