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SPDN - The Daily Dose: What Looks Like Recovery Is Only A Mirage
Direxion Daily S&P 500 Bear 1X Shares
Things are going to get messy. Stock indices from the United States to Europe were in rally mode as investors bet on a return to business activity in the eurozone and some US states. In energy, most segments of the US economy are seeing an increase in refinery activity and implied demand for petroleum products is on the rise.
For the month so far, Brent crude oil prices are up some 25% and the late-April nose-dive into negative territory for WTI is a distant memory. But most models show too much optimism about recovery could