UBT News and Press, ProShares Ultra 20+ Year Treasury From 10/30/23

2023-10-30 12:45:00 ET Summary The US Treasury refunding announcement at 2 PM central today has suddenly become a big deal. The budget deficit is much larger than expected in 2023. The Street is still populated with forecasts for a 6-7% 10-year yield, which would leave much of...

2023-10-30 07:45:20 ET This week's FOMC announcement on interest rates would typically be the big-name event for investors, but not this time around. While a Fed hike in December is up for debate, no one expects the central bank to raise rates this week, especially given recent economic dat...

2023-10-30 07:30:00 ET Summary The US economy grew at a remarkable annualized rate of 4.9 percent this quarter, the Bureau of Economic Analysis reports. The most recent CPI release showed core inflation, which excludes volatile food and energy prices, running at 3.87 percent. ...

2023-10-30 07:07:00 ET Summary Looking at the fed funds probability picture, it’s clear the Fed / FOMC is on hold for now. I also think investors have to look at yields at the longer end of the curve, as there are some signs of the US economy weakening. Apple’s r...

2023-10-29 12:45:00 ET Summary The big news this week—though widely anticipated—was the 4.9% annualized growth of the economy in the third quarter. By week's end, worries about Middle East tensions trumped growth fears, and inflation data showed that disinflation, no...

2023-10-28 06:03:00 ET Summary US inflation remains somewhat sticky, but intensifying concerns are now coming to the fore over the path for real household disposable income. Today's report showing real household disposable income falling for a fourth month in a row, and challenges...

2023-10-28 02:55:00 ET Summary The spike in inflation in “core services” (all services except energy services) was the big nasty surprise. The “Core Services” PCE price index spiked by 0.45% in September from August (5.5% annualized). The PCE price ...

2023-10-26 23:50:00 ET Summary Q3 GDP came in at a boomy 4.9%. The primary drivers were inventories and personal consumption, at 1.3% and 2.69%. The inventory rebuild is a volatile component, but the consumption figure is impressive and reflects the most important component of GDP...

2023-10-26 21:11:15 ET Summary Inflation is rapidly declining and is likely to continue to decrease further as shelter is declining, but enters the CPI with a considerable lag. The balance of the evidence points to pandemic-related factors as the main cause of the surge in inflati...

2023-10-26 07:30:00 ET Summary Gold got a new lease on life in October, up over 12% month-to-date on interest rate-driven recession fears and the recent armed action between Israel and Hamas. Bitcoin has soared since September, up 28%, in part on flight-to-safety buying and in par...