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home / news releases / SPXL - Tactical Update: Earnings Estimates For The S&P 500 May Be Too High Resulting In A 2018-Like Selloff

SPXL - Tactical Update: Earnings Estimates For The S&P 500 May Be Too High Resulting In A 2018-Like Selloff

Direxion Daily S&P 500 Bull 3X Shares
  • It seems clear at this point that GDP estimates have been too high.
  • The similarities seem to be more strongly correlated with the 2018 economic and earnings cycle.
  • If history plays out again, earnings should begin showing signs of weakness, setting up the market for a 2018-like finish.

For further details see:

Tactical Update: Earnings Estimates For The S&P 500 May Be Too High, Resulting In A 2018-Like Selloff
Stock Information
Company Name: Direxion Daily S&P 500 Bull 3X Shares
Stock Symbol: SPXL
Market: NYSE
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