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

2023-08-23 06:15:00 ET Summary The tone of the Jackson Hole economic symposium in 2023 will likely focus on how long rates will stay high rather than how far they may rise. The bond market is now pricing in a higher for longer policy path from the Fed. This speech could delive...

2023-08-22 13:30:00 ET Summary S&P Global Market Intelligence's global real GDP growth forecast for 2023 has again edged higher, primarily owing to upward revisions to the US forecast. The US Federal Reserve is forecast to deliver at least one additional 25 basis point policy ...

2023-08-22 10:05:00 ET Summary Last week, the 10-year US Treasury yield rose to levels not seen since 2008, and that had significant implications for stocks. I was encouraged by what we heard on earnings calls for major retailers last week, as they confirmed my positive views on c...

2023-08-22 07:00:00 ET Summary We have seen Chinese real estate and wealth management issues in years past, and they never came to a hard landing. China has once again slipped into deflation. The latest year-over-year inflation rate was -0.3%. A Chinese devaluation would be pa...

2023-08-22 06:55:00 ET Summary My interpretation is that market-based pricing is now clearly visible for the next two years. The riskless reference rates like SOFR or Fed funds or short-term T-bills are all saying that the policy-setting interest rates will be somewhere above 5% a...

2023-08-22 03:00:00 ET Summary As stocks have tumbled over the past three weeks again, bullish sentiment has started an abrupt reversal once more. The relative overvaluation in stocks versus government bonds is today more extreme than at any time in at least 35 years. Governme...

2023-08-21 21:00:00 ET Summary We believe the slowdown in inflation will likely be a drag on top line growth and a potential risk to operating leverage for companies, as real wages are still increasing amid a tight labor market. As long yields rise, this reversion of the yield cur...

2023-08-21 17:54:00 ET Summary The S&P 500 Index closed at a 2023 high on July 31, but since then the market is down -4.8% in the first three weeks of August. This year, fund flows have favored bond or fixed income investments. From a return perspective though, the market ...

2023-08-19 02:30:00 ET Summary The Jackson Hole meetings come at a particularly poignant time this year, because there is a great deal going on in securities markets and the economy at large. It took more than a year, but it finally seems to have sunk into the collective brain of ...

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 ...