UBT News and Press, ProShares Ultra 20+ Year Treasury From 02/24/24

2024-02-24 02:08:00 ET Summary The first part of the body of the minutes focused on evidence regarding the current state of the economy, employment, and inflation. The most interesting part of the minutes related to how participants viewed the economy and the appropriate path for ...

2024-02-22 12:30:00 ET Summary Both US Consumer Price Index and US Producer Price Index data for January were hotter than expected, but it was no cause for concern, in my opinion. The most recent gross domestic product prints for Japan and the UK show that both economies were tech...

2024-02-21 11:11:00 ET Summary The latest inflation data is sticky, but the markets have only delayed rather than canceled expectations for that the Federal Reserve will start trimming interest rates in the near future. The Treasury market continues to price in rate cuts as well, ...

2024-02-21 00:04:00 ET Summary Clearly, the markets believe the next move will be toward lower rates, but no one should be surprised by the fact that a rate increase is possible. Two years ago, almost no one correctly forecast the recent path of interest rates. Recent policy e...

2024-02-20 20:20:00 ET Summary The biggest economic news last week was that the Labor Department reported on Tuesday that the Consumer Price Index (CPI) rose 0.3% in January and 3.1% in the past 12 months. Overall, the annual pace of the CPI continues to decelerate, but not at the...

2024-02-20 15:19:00 ET Summary Investing has numerous known unknowns and unknown unknowns, making it difficult to know anything for sure. The only things we know for sure in investing are the things we can directly observe. The movements of interest rate and the dollar are, at...

2024-02-20 13:50:00 ET Summary We think market optimism can persist for now but stay nimble. We get more active in our long-term portfolios given a greater dispersion of returns. U.S. stocks steadied after a brief dip on stronger-than-expected inflation data last week. We think th...

2024-02-20 07:00:00 ET Summary The resilience of the U.S. economy during 2023 owed much to low unemployment and excess savings built up through the pandemic. Excess savings may still be out there, but only among those on middle and higher incomes. Inflation in non-discretionar...

2024-02-19 23:46:00 ET Summary The Producer Price Index dished up another nasty surprise, with the Services PPI leaping by 7.1% annualized, and with the Finished Goods PPI jumping by 4% annualized in January. During the current tightening cycle, the 2-year yield started rising in ...

2024-02-19 10:35:23 ET Summary The inverted yield curve, historically a reliable indicator of recession, has not yet led to an economic contraction. Economist Campbell Harvey, who developed the yield-curve indicator, acknowledged its potential inaccuracy due to inflation-adjusted ...