UPV News and Press, ProShares Ultra FTSE Europe From 08/21/21

There are two highlights in the last full week of August that will draw the attention of investors: the Federal Reserve's symposium (Jackson Hole) and the preliminary August PMI reports. Two G7 members, Germany and Canada, hold national elections in September. The Fed's Jackson Ho...

The upcoming week is all about the Federal Reserve’s symposium in Jackson Hole, Wyoming. Government regulatory risk continues to dominate China equity markets, this time with President Xi pushing an agenda of wealth redistribution from rich to poor. Global macro weakness ha...

Amid the ravages of COVID-19, European equities were some of the worst performers. Since the start of 2021, the tide seems to have turned. In the six months ending June 30, 2021, the MSCI Europe Index returned 15.4%, edging out the S&P 500 Index return of 15.0%. After years of...

Any disappointment in key US data today is likely to see a larger reaction than a consensus beat. Markets are primed for hints of further deceleration, sentiment already dampened by the spreading delta variant and geopolitics. More concrete hints on the Fed taper will be needed fo...

The volatility of the dollar does present some problems for the world but, for better or worse, it is the world’s reserve currency and I see no real threat to that status on the horizon. I positioned our portfolios for a weak dollar period early last summer and maintained those...

The key driving force in the foreign exchange market that has lifted the dollar is a reconsideration of the trajectory of Fed policy. The US recovery is uneven, and this will be illustrated by next week's reports. After contracting in Q1, the Norwegian economy snapped back in Q2, ...

During July, global consensus earnings estimates have re-accelerated to the upside, representing another bullish impulse in the tug of war between high valuations on the one hand and strong profits momentum on the other. Despite market worries of a loss of momentum in the near term, t...

Inflation accelerates alongside expectations of further interest rate hikes by central bank. Stockpiling efforts and greater global demand push input costs up at a significant pace. Demand conditions remain strong, but concerns around automotive supply chains persist. For fu...

We may well have seen the trough in both USD and EUR rates this summer, but we expect USD rates will rise much faster from here. With Fed tapering coming into view, the divergence with ECB QE policy will become more obvious. There is divergence on the US front end too, as bills re...

Hawkish soundbites and positive economic news dominate for the US, despite global growth concerns. Officials talking about tapering within a few months should help focus minds at the long end of the curve, despite a supportive technical backdrop for bonds. A glut of cash remains i...