Risk-on mood helps PSQ post 0.37% gain yesterday

Published: January 26 2023, 02:56 GMT+0

Risk-on mood helps PSQ post 0.37% gain yesterday

Yesterday at a glance: with a daily low of $13.61, ProShares Short QQQ closed yesterday at $13.65, after ending Tuesday at $13.6 and gaining 5 cents (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.

Other markets are also showing gains as notably, AT&T rose 6.58% yesterday and closed at $19.16.

Meanwhile, after ending yesterday's session at $83.9, NextEra Energy lost $7.31 and is trading around $76.59. HDFC Bank Limited lost 6.31% yesterday and closed at $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 come out at -0.2% — worse than previous data of 0.1%; data will be released today at 13:30 UTC.

Also worthy of note, United States Core PCE Price Index (MoM) (Dec) will be released tomorrow at 13:30 UTC.

This year has been a gloomy one for ProShares Short QQQ after trading as high as $15.25 and going on to lose 8.23% of its value.

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