UBT News and Press, ProShares Ultra 20+ Year Treasury From 11/23/23

2023-11-23 05:30:00 ET Summary Inflation reports from the US, eurozone, and UK suggest that their rate hike cycles may have come to an end. I still expect some volatility, as there is still significant uncertainty around the timing of when rate cuts will begin. All in all, I t...

2023-11-23 01:15:00 ET Summary The most recent U.S. Consumer Price Index (CPI) data for October came in lower than economists’ expectations and showed declines across most categories. With inflation still above the Fed’s 2% target, concerns continue to linger over wh...

2023-11-22 22:20:00 ET Summary Rate-cut bets have been piling up and getting moved closer, as everything that central bankers say – no matter what – is either being interpreted as “dovish” or is being brushed aside. There is a problem with markets betti...

2023-11-21 09:48:00 ET Summary From the standpoint of systematic monetary policy, the Federal Funds rate remains below, not above, levels that have historically been consistent with prevailing core inflation, output, employment, and sales. Emphatically, our investment discipline i...

2023-11-21 08:30:00 ET Summary Consumer inflation is fading fast, and producer prices actually declined last month. This means the Fed is done raising key rates. The prices of imports also declined 0.8% in October, which is the first monthly decline since June, giving evidence of ...

2023-11-21 04:23:00 ET Summary The S&P 500 Index rose 2.2% last week, closing at its highest level since Sep. 1. Fed funds futures are pricing in high odds that the central bank will leave its target rate unchanged at the next three meetings. To the extent the crowd contin...

2023-11-21 03:58:00 ET Summary Why gold prices could hit new highs in 2024. What coming rates cuts could mean for gold. Has US economic growth peaked? Implications for gold. The price of gold has been benefiting from expectations the U.S. Federal Reserve may be done ...

2023-11-21 03:24:00 ET Summary The Bureau of Labor Statistics on November 14, remarkably, announced that the US CPI had been unchanged in October (whether seasonally adjusted or not). Contrary to what many economists had predicted, and also contrary to what many Americans still be...

2023-11-21 00:32:00 ET Summary Inflation will come back and if history is any guide, it will be higher in the next cycle than this one. The short-term trends of the 10-year Treasury note rate and the US dollar have changed to negative. Stocks and REITs have been hampered by ri...

2023-11-20 13:20:00 ET Summary The massive surge in stocks and bonds over the last two weeks prompted one of the most significant declines in financial conditions in the last few years. A decline in the Financial Conditions Index (FCI) means the Fed may seek to raise rates to slow...