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RWIU - Rising COVID-19 Virus Infection Rates Have Increased The Risk Of A W-Shaped Economic Cycle
Direxion FTSE Russell International Over US ETF Direxion Shares ETF Trust
In May and early June, there were clear indications of a sharp rebound in economic activity, after a very deep and very short recession. One measure is the steady rise in our Materials Price Index since the beginning of May. Another is the robust increase in the JP Morgan Global Composite Output Index (compiled by IHS Markit) from a record low of 26.2 in April to 36.3 in May and 47.7 in June. Other, higher frequency data (such as Google mobility reports, OpenTable seated diners, and daily credit card usage) confirm the early resurgence in