Notice of Index Modifications: Ferrari ETPs

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Boyan Girginov

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S&P 500 Had Its Best Week of 2024

Your capital is at risk if you invest. You could lose all your investment. Please see the full risk warning here.

  • S&P 500 rally fueled by robust data
  • Fed’s soft landing boosts investor confidence

The S&P 500 had its strongest week of the year, and the excitement is well justified.

Imagine the Federal Reserve as a pilot navigating the economy, while investors are like the eager passengers who clap when the plane touches down smoothly.

Source: Tradingview

On Friday, the S&P 500 marked its seventh consecutive day of gains, coming within 2%[1] of its all-time high reached last month.

Last week’s macroeconomic data indicated that the Federal Reserve has avoided a major economic downturn while keeping inflation in check.

Retail sales figures released on Thursday significantly exceeded economists’ expectations, and weekly jobless claims also declined.

These developments provided evidence that concerns about a rapid economic slowdown, which triggered a global sell-off earlier this month following the July jobs report, were likely exaggerated.

Add to that the slightly lower-than-expected core Consumer Price Index reported last Wednesday, and it is clear why investors are optimistic that the Federal Reserve can implement rate cuts from a position of economic strength rather than reacting late to economic weakness.

On Friday, consumer sentiment also exceeded expectations, according to the latest University of Michigan survey, adding to the positive news for the markets.

This encouraging economic data is driving the rally, boosting investor confidence that a recession can likely be avoided and that the Fed may start cutting rates in September.

Markets focus this week

Global central bank leaders are set to speak at the symposium in Jackson Hole, Wyoming, this week, with a key focus on Fed Chair Jerome Powell’s speech on Friday, which could shape expectations for the path of U.S. rate cuts.

Powell’s remarks will be under intense scrutiny, as market movements this year have largely hinged on the anticipation and scale of potential Fed rate cuts.

Financial markets are betting on a 74.5% likelihood that the Fed will cut its key policy rate by 25 basis points as it ends its September policy meeting, with a diminishing 25.5%[2] chance of a super-sized 50-basis-point cut

With each new economic report, the market narrative can shift rapidly. Just a few weeks ago, some economists were calling for the Fed to hold an emergency meeting to slash rates. Now, most investors anticipate a modest rate cut of 25 basis points in September, rather than the 50-point cut that was previously suggested.

 

Investors can long the largest 500 companies in the US using our 3x US 500, 5x US 500.

Alternatively, traders can short the largest 500 companies in the US using our -3x US 500.


Footnotes:
  1. Tradingview
  2. CME’s FedWatch
>
Websim is the retail division of Intermonte, the primary intermediary of the Italian stock exchange for institutional investors. Leverage Shares often features in its speculative analysis based on macros/fundamentals. However, the information is published in Italian. To provide better information for our non-Italian investors, we bring to you a quick translation of the analysis they present to Italian retail investors. To ensure rapid delivery, text in the charts will not be translated. The views expressed here are of Websim. Leverage Shares in no way endorses these views. If you are unsure about the suitability of an investment, please seek financial advice. View the original at

Your capital is at risk if you invest. You could lose all your investment. Please see the full risk warning here.

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Terms and Conditions

Notice

If you are not classified as an institutional investor, you will be categorised as a private/retail investor. At this time, we cannot send communications directly to private/retail investors. You are welcome to view the contents of this website.

If you are an ‘Institutional investor’, you affirm either that you are a Per Se Professional Client, or that you wish to be treated as an Eligible Counterparty Client, both as defined under the Markets in Financial Instruments Directive, or an equivalent in a jurisdiction outside the European Economic Area.

Risk Warnings

The value of an investment in ETPs may go down as well as up and past performance is not a reliable indicator of future performance. Trading in ETPs may not be suitable for all types of investor as they carry a high degree of risk. You may lose all of your initial investment. Only speculate with money you can afford to lose. Changes in exchange rates may also cause your investment to go up or down in value. Tax laws may be subject to change. Please ensure that you fully understand the risks involved. If in any doubt, please seek independent financial advice. Investors should refer to the section entitled “Risk Factors” in the relevant prospectus for further details of these and other risks associated with an investment in the securities offered by the Issuer.

This website is provided for your general information only and does not constitute investment advice or an offer to sell or the solicitation of an offer to buy any investment.

Nothing on this website is advice on the merits of any product or investment, nothing constitutes investment, legal, tax or any other advice nor is it to be relied on in making an investment decision. Prospective investors should obtain independent investment advice and inform themselves as to applicable legal requirements, exchange control regulations and taxes in their jurisdiction.

This website complies with the regulatory requirements of the United Kingdom. There may be laws in your country of nationality or residence or in the country from which you access this website which restrict the extent to which the website may be made available to you.

United States Visitors

The information provided on this site is not directed to any United States person or any person in the United States, any state thereof, or any of its territories or possessions.

Persons accessing this website in the European Economic Area

Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Each person accessing this site, by so doing, acknowledges that: (1) it is not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities. None of the funds on this website are registered under the United States Investment Advisers Act of 1940, as amended (the “Advisers Act”).

Exclusion of Liability

Certain documents made available on the website have been prepared and issued by persons other than Leverage Shares Management Company. This includes any Prospectus document. Leverage Shares Management Company is not responsible in any way for the content of any such document. Except in those cases, the information on the website has been given in good faith and every effort has been made to ensure its accuracy. Nevertheless, Leverage Shares Management Company shall not be responsible for loss occasioned as a result of reliance placed on any part of the website and it makes no guarantee as to the accuracy of any information or content on the website. The description of any ETP Security referred to in this website is a general one. The terms and conditions applicable to investors will be set out in the Prospectus, available on the website and should be read prior to making any investment.

Leverage Investment

Leverage Shares exchange-traded products (ETPs) provide leveraged exposure and are only suitable for experienced investors with knowledge of the risks and potential benefits of leveraged investment strategies.

Cookies

Leverage Shares Management Company may collect data about your computer, including, where available, your IP address, operating system and browser type, for system administration and other similar purposes (click here for more information). These are statistical data about users’ browsing actions and patterns, and they do not identify any individual user of the website. This is achieved by the use of cookies. A cookie is a small file of letters and numbers that is put on your computer if you agree to accept it. By clicking ‘I agree’ below, you are consenting to the use of cookies as described here. These cookies allow you to be distinguished from other users of the website, which helps Leverage Shares Company provide you with a better experience when you browse the website and also allows the website to be improved from time to time. Please note that you can adjust your browser settings to delete or block cookies, but you may not be able to access parts of our website without them.

This website is maintained by Leverage Shares Management Company, which is a limited liability company and is incorporated in Ireland with registered offices at 2 Grand Canal Square, Grand Canal Harbour, Dublin 2.

By clicking you agree to the Terms and Conditions displayed.