UBT News and Press, ProShares Ultra 20+ Year Treasury From 08/17/23

2023-08-17 13:50:00 ET Summary Earnings have been stagnating, and this past quarter, they came in better than feared. Heading into this season, I was paying very close attention to if companies are able to keep and maybe even grow their margins, and the answer is yes. Looking ...

2023-08-17 10:30:00 ET Summary It’s been clear for some time that US recession risk has been sliding in recent months. It may turn out that Q3 data is strengthening, but that’s still a dicey proposition. For the moment, Fed funds futures are still pricing in high...

2023-08-17 08:45:00 ET Summary Key levels were hit on the US curve on Tuesday, within spitting distance of last October's yield highs. The issue here for risk assets is how to interpret the notion of a soft landing. There is still an upside for market rates to come, especially...

2023-08-16 21:10:00 ET Summary For much of the year the bond market has been embracing expectations that the Federal Reserve’s interest rates increases have peaked, or were about to peak. Inflation has continued to ease, but the market has continually discovered that the fu...

2023-08-16 05:26:00 ET Summary Lower-than-expected inflation and falling inflation expectations have led to “the summer of our disinflation” in the US. A similar disinflationary scenario could unfold in Europe, but anemic growth and stubborn inflation may make it mor...

2023-08-16 04:45:00 ET Summary For an investment to be risk-free, you have to feel certain about the return you will make on it. A government, when it borrows or issues bonds in its local currency, preserves the option to print more money when that debt comes due, and thus should ...

2023-08-15 22:51:00 ET Summary In 2022, bonds had the most significant drawdown since 1788 due to the massive surge of economic growth and inflation caused by more than $5 trillion in Federal interventions. Since the future return of any bond, on the date of purchase, is calculabl...

2023-08-15 11:00:00 ET Summary The market is showing signs of weakness and lacks sustainable upside momentum. The recent sell-off has broken key moving averages, indicating a potential shift in market sentiment. The market's reaction to economic news, such as CPI data, suggest...

2023-08-14 23:39:00 ET Summary At some point, likely well before year-end, the Fed is going to have to concede that inflation has been licked - and lower rates accordingly. It's well-known that housing prices and rents stopped rising about a year ago, but owners' equivalent rent, ...

2023-08-14 21:56:00 ET Summary Headline CPI peaked in June 2022 at 9% and steadily declined through June 2023 to 3%. Monthly net new jobs data is quite volatile. With the pandemic rebound largely over, jobs growth is slowing, although still quite robust by pre-pandemic standards. ...