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Direxion FTSE Russell International Over US ETF Direxion Shares ETF Trust
By Erik Knutzen, Chief Investment Officer - Multi-Asset Class
Gloomy market trends have collapsed. So, are investors less gloomy about the economy?
If we opened today's Perspectives with the news that equity markets are up modestly in the third quarter, you might not be impressed.
But what if we noted that bank stocks have rallied more than 10% since late August? Or that last week momentum indices, which put their biggest weights in stocks with the best recent performance, experienced their worst crash since the financial crisis?