Oil prices have retreated, and measures of inflation expectations have declined. That’s the good news. The bad news? A key indicator of moderating inflation is a growing expectation that global economic conditions will weaken, and the odds seem to show the chance of a recession on the rise. Please join us for our mid-year outlook webcast where we will address key questions, including:

• What are the signs of moderating inflation?
• What have stocks already priced in?
• What areas of the stock market may be best positioned?
• Why could credit risk be more attractive than interest rate risk?

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This is not intended to be investment advice.

Investing is currently subject to additional risks and uncertainties related to COVID-19, including general economic, market and business conditions; changes in laws or regulations or other actions made by governmental authorities or regulatory bodies; and world economic and political developments.

There is no guarantee any ProShares ETF will achieve its investment objective.

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