UBT News and Press, ProShares Ultra 20+ Year Treasury From 07/01/23

2023-07-01 00:25:00 ET Summary The consensus opinion is inflation will fall to the 3% range or lower within 18 months or so. The data does not support this thesis. The greatest risk for investors is placing a bet that rates will fall when history does not support this outcome. ...

2023-06-29 23:40:00 ET Summary The world is not going through a replay of the 1970s, as there are some critical differences between the current situation and the situation back then. However, this decade’s macroeconomic path probably will have a lot more in common with the ...

2023-06-29 23:20:00 ET Summary Inflation targeting has been a cornerstone of the Federal Reserve’s monetary policy for several years. The Federal Reserve’s desire to minimize financial stress while managing disinflation is the primary motivation for revisiting the in...

2023-06-29 12:20:00 ET Summary Market performance has been driven by a handful of stocks, which signals that near-term improvement in economic growth is not expected. It’s hard to imagine that today’s elevated shelter prices are sustainable, so I’m not convinc...

2023-06-28 20:25:00 ET Summary According to data released yesterday, M2 increased by $131 billion in May, breaking a 9-month losing streak totaling just over $1 trillion. M2 has fallen 4% in the past 12 months, and is up only 0.9% in the past 24 months. Yet M2 is still about $...

2023-06-28 01:20:00 ET Summary Central banks in the developed world have raised interest rates higher and faster than at any time in recent memory. But until labor markets start to slow, policymakers are unlikely to take their feet off the brakes. That may mean more rate hikes...

2023-06-27 09:45:00 ET Summary Crude oil prices are expected to soar due to all the uncertainty surrounding new developments within Russia. Since the PPI has been negative for three of the past four months, plus the CPI is expected to plunge in July when the June CPI is announced,...

2023-06-27 09:05:00 ET Summary The latest jobless claims came in at 264,000, the exact same number they were at the week before. One week further back, they were at 262,000. On their own, those numbers are not so high, but they are the highest since October 2021. Powell has su...

2023-06-27 03:05:00 ET Summary Striking the right balance between interest-rate and credit risk can be a good idea in the late stages of a credit cycle. We think it’s a particularly good idea in this credit cycle. Why? Consider that over the last 18 months, investors have g...

2023-06-26 21:42:00 ET Summary The bedrock of the asset allocation process is to create strategic allocations that work over the longer term, while then modifying those positions in response to the market realities. Some of what we have seen during 2023 has been due to exuberance ...