UBT News and Press, ProShares Ultra 20+ Year Treasury From 07/13/23

2023-07-13 04:38:00 ET Summary The AIER Everyday Price Index rose 0.41 percent in June 2023, bringing the index to 284.2 after a marginal decline in May. The headline CPI showed a month-over-month increase of 0.2 percent, while the core CPI (ex food and energy) also showed an 0.2 ...

2023-07-12 23:55:00 ET Summary Overall CPI rose by 3.0% in June year-over-year, the lowest since March 2021. The index for core services (without energy services) increased by 0.25% in June from May, compared to an increase of 0.40% in the prior month. The CPI for “food...

2023-07-12 21:12:00 ET Summary The yield curve spread that most accurately forecasts recessions is that between the 10-year Treasury bond yield and the 3-month Treasury bill rate. Fed economists and policymakers are also predominantly Keynesian, so they believe in the Phillips Cur...

2023-07-12 20:35:00 ET Summary One of our big calls coming into 2023 was that this would be “the year of disinflation”. I have to admit though – by some measures it’s happening even faster than I expected. Inflation is slowing fast, but is that a good t...

2023-07-12 20:30:00 ET Summary The June US Consumer Price Index (CPI) came in at a 3% annualized rate, down from the pandemic-inflamed peak of 9.1% a year ago. The US Fed is expected to hike another 25 bps at its July 26th meeting. But recessionary odds are mounting that this will...

2023-07-12 14:29:00 ET Summary There’s good news on the inflation front. The Personal Consumption Expenditures (PCE) Price Index grew at an annualized rate of 3.8 percent in June. The Fed made the right decision in pausing its rate hikes. We need time to ascertain how ...

2023-07-12 11:30:00 ET Summary We have had a big surprise in the June consumer price inflation report with both headline and core (ex food and energy) rates rising. The Fed is focused on stamping out all inflation threats and is obsessed with services ex energy ex housing as they ...

2023-07-12 08:30:00 ET Summary Stubborn core inflation remains the key concern for the Federal Reserve. Unfortunately, relatively strong wage growth exacerbates that concern. We would not be surprised to see more monetary stimulus and some targeted fiscal stimulus in China, which ...

2023-07-12 03:30:00 ET Summary The high-yield sector offers attractive absolute and relative return prospects due to resilient corporate fundamentals. Consumers and labor market conditions remain on solid footing. Spreads have mostly widened from the end of 2022 through the en...

2023-07-11 19:05:00 ET Summary The New York Fed’s Survey of Consumer Expectations (SCE) was released earlier this week and showed a continuation of the trend where consumer inflation expectations have been falling. Over the next 12 months, the Fed’s survey showed tha...