PSQ ascends to $13.65 after adding 0.37% yesterday

Published: January 26 2023, 04:41 GMT+0

PSQ ascends to $13.65 after adding 0.37% yesterday

A quick look at yesterday: ProShares Short QQQ closed yesterday at $13.65 (with a daily low of $13.61) after ending Tuesday at $13.6 and gaining 0.37%.

On the flip side, United States Crude Oil Inventories fell short of the 971,000 projections, with new data of 533,000.

Meanwhile, United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories released yesterday at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

ProShares Short QQQ shows positive signs, other assets are also on par: AT&T went up by 6.58% yesterday, and closed at $20.42.

At the same time, NextEra Energy is down to $76.59, losing $7.31, after ending the previous session around $83.9. HDFC Bank Limited is down to $66.93, losing $4.51, after ending the previous session around $71.44.

Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Pending Home Sales is projected to outperform its last figure with -0.9%. It previously stood at -4%; data will be released tomorrow at 15:00 UTC.

Furthermore, the market is looking at United States Core Durable Goods Orders projected to decline to -0.2% while previous data was 0.1%; data will be released today at 13:30 UTC.

Elsewhere, United States Core PCE Price Index (MoM) (Dec) is expected tomorrow at 13:30 UTC.

The current year has not been the best for ProShares Short QQQ as it lost 8.23% from its highest point of $15.25.

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