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Jobless Rate Up In All 372 US Metro Areas

|Includes: ProShares UltraPro Short S&P 500 ETF (SPXU)

The Labor Department on Tuesday says jobless rates rose in all 372 metropolitan areas. Fifteen areas have reported jobless rates of at least 15% in May. A higher jobless rate can only equal bad news for stocks and an eminent sell-off in equities. The ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) was up 2.44% and saw heavy volume Tuesday, which may be a sighn of were the big money is putting their money.