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BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s):  HNUZF

HNUs investment objective, is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times 200 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.


TSX:HNU - Post by User

BetaPro Natural Gas Leveraged Daily Bull ETF
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Post by thegreenmile656on Dec 14, 2022 4:24pm
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Post# 35171787

Another Big Reversal FOMC Day: Markets Call Fed's Bluff

Another Big Reversal FOMC Day: Markets Call Fed's Bluffhttps://www.zerohedge.com/markets/markets-swing-wildly-hawkish-powell-pummels-pause-narrative-then-opens-door

Another Big Reversal FOMC Day: Markets Call Hawkish Fed's Bluff

by Tyler Durden

Wednesday, Dec 14, 2022 - 04:00 PM

The day started off with a drop in import and export price inflation. But that was just a side-show as stocks limped higher into the main event.

Then The Fed and Powell's presser smashed the vase of fantasy on the ground of reality with a hawkish statement and projections and an even more hawkish Powell.
   
• POWELL: LABOR MARKET REMAINS EXTREMELY TIGHT

• POWELL: A RESTRICTIVE POLICY STANCE LIKELY NEEDED FOR SOME TIME
   
• POWELL: NEED SUBSTANTIALLY MORE EVIDENCE OF LOWER INFLATION
   
• POWELL: FED STILL HAS SOME WAYS TO GO ON RATE HIKES
 
• POWELL: STANCE ISN'T YET RESTRICTIVE ENOUGH EVEN W/ TODAY'S MOVE
 
• POWELL: NO RATE CUTS UNTIL CONFIDENT INFLATION MOVING TOWARD 2%

• POWELL: WILL HAVE TO HOLD RESTRICTIVE RATES FOR SUSTAINED TIME

All of which sent rate-hike expectations surging, but they gave back some of that hawkishness as Powell spoke...



Source: Bloomberg

The market is now pricing in rates being lower than current rates by Jan 2024...



Source: Bloomberg

The market is not buying what The Fed is selling...



Source: Bloomberg

The markets did their usual thing - jerking one way on the statement, then swinging all the way during the press conference which was as usual full of contradictions...
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