BNKU News and Press, MicroSectors U.S. Big Banks Index 3X Lev From 03/13/23

2023-03-13 15:35:00 ET Summary One of the themes I’ve been discussing lately is how inflation risk has been evolving into credit risk. The banking bust we’re seeing now was sown during COVID. The COVID boom was the inevitable blow off top of the prior 10-year bull ma...

2023-03-13 11:58:00 ET Summary SIVB had a very concentrated deposit base, which made it particularly prone to a deposit run due to the correlated nature of the demand for liquidity among its key clients. Also, the bank’s asset management in response to higher interest rate was ...

2023-03-13 08:10:29 ET Summary This past week was the most dramatic week in banking since the Great Financial Crisis. The Crypto space needs a robust regulatory framework. Moral hazard is as relevant as ever and needs to be taken into serious consideration by the US Government...

2023-03-10 09:00:00 ET Summary As we have outlined over the last year, the larger banks are not as strong as we are led to believe. There are many other issues that have yet to come to light regarding various banks. You need to do your due diligence regarding where you house y...

Summary Banks becoming suspicious of each other is one of the early signs that a banking crisis is brewing. This suspicion is indicated by a rise in the average interest rate that banks charge each other for short-term financing relative to the interest rate paid by the US federal gover...

Summary US banks continue to operate in the market of extremes. Weak capital markets offset the benefits of higher rates for banks. Why banks continue to build their loss provisions. The latest U.S. bank earnings show the challenging environment lenders are operating in, a...

Summary Big banks have little to fear from a recession in 2023. They’re in better shape than a decade ago, with big buffers against delinquent debtors and numerous watchdogs keeping them honest. Leading the raid on banks’ profit picnic are depositors. After years of neglig...

Gainers: BMO MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN (BNKD) +28%. Direxion Daily Semiconductor 3x Bear Shares ETF (SOXS) +25%. MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) +24%. The Short De-SPAC ETF (SOGU) +22%. Direxion Shares ETF Trust - Direxion ...

Gainers: Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares ETF (GUSH) +14%. Direxion Daily CSI China Internet Index Bull 2x Shares ETF (CWEB) +14%. The United States Gasoline ETF, LP (UGA) +14%. Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares (W...

Gainers: S&P Oil & Gas Expl Bull 3X Direxion (GUSH) +31%. Retail Bull 3X Direxion (RETL) +30%. Consumer Discretionary Bull 3X Direxion (WANT) +29%. Microsectors Oil & Gas Exp. & Prod. 3X Leveraged (OILU) +29%. Microsectors 3X U.S. Big Banks ETN (BNKU) +29%. Losers: S&P Oil...