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HIBL - S&P 500 +6% This Week As Forward Earnings Continue To Improve
Direxion Daily S&P 500 High Beta Bull 3X Shares
The forward 4-quarter estimate ticked higher this past week to $227.41 from last week’s $226.46 and 12/31/21’s $216.14.
It’s hard to get very bullish with the Fed planning on numerous rate hikes this year.
If commodity prices do collapse, I think that gives the Fed and Powell some breathing room. The price of gas is a big psychological hurdle for the consumer.