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RWIU - U.S. Stocks Lead The Global COVID-19 Rebound
Direxion FTSE Russell International Over US ETF Direxion Shares ETF Trust
By Philip Lawlor, head of Global Markets Research
The risk-on rally since late March gained traction in May, extending what has been a remarkably swift rebound from a historically sharp collapse in global equity markets this year.
It took just 24 trading days for the FTSE All-World Index to hit bottom, a blink of an eye compared to the length of time for it to do so during the last two major market crashes. It took only another 49 trading days to recoup nearly three-fourths of its pandemic loss of 32% at the height of