DPST News and Press, Direxion Daily Regional Banks Bull 3X Shares From 05/09/23

2023-05-09 02:00:00 ET Summary The Federal Reserve reports that banks are becoming increasingly restrictive in terms of their lending behaviour. This compounds the recessionary risks coming from rapidly higher borrowing costs. The data suggest a sharp slowdown in lending growt...

2023-05-09 01:45:00 ET Summary The latest rake hike from the Federal Reserve is behind us, and we are left to wonder if Jerome Powell overdid it yet again, this time on the tightening side. Powell’s Federal Reserve overstimulates to the upside and then overtightens to the d...

2023-05-09 01:20:00 ET Summary The stocks were fairly stable on Monday but started to sell off on Tuesday on rumors about the health of other west coast banks. One of the big macro fears coming out of the banking crisis is the effect on commercial real estate. It is hard to sa...

2023-05-08 14:47:55 ET The latest banking crisis has spurred enormous trading volume in the world's largest exchange traded fund focused on the regional bank sector. The SPDR S&P Regional Banking ETF ( NYSEARCA: KRE ), with its $2.82B assets under management, has seen ...

2023-05-08 13:20:00 ET Summary In my last post, I looked at banking as a business, and used a simple banking framework to advance the notion that the key ingredient tying together the banks that have failed so far in 2023 is an absence of stickiness in deposits, created partially by d...

2023-04-07 06:48:02 ET Summary I downgraded the Direxion Daily Regional Banks Bull 3X Shares last month, but the recent selloff has led me to revisit the bearish call. The economic outlook remains concerning, but the much lower ETF price and a few important developments of late mu...

2023-03-18 10:35:44 ET Gainers: Graniteshares Coinbase 1.5X daily ETF ( CONL ) +65% . Microsectors Gold Miners 3X ETN ( GDXU ) +37% . Proshares Bitcoin Stratefy ETF ( BITO ) +36% . Vaneck ETF Trsust Vaneck Bitcoin Strategy ( XBTF ) +35% . ...

2023-03-11 04:55:57 ET Summary The Direxion Daily Regional Banks Bull 3X Shares ETF is about as aggressive a fund as one may find in the market. I thought that going long DPST in March 2020 made sense — but not so much today, despite the ETF being at a 24-month low. Whi...

2023-03-11 04:16:09 ET Gainers: 2x Long VIX Futures ETF ( BATS: UVIX ) +43% . ProShares Ultra VIX Short-Term Futures ETF ( BATS: UVXY ) +32% . ConvexityShares Daily 1.5x SPIKES Futures ETF ( NYSEARCA: SPKY ) +31% . Direxion Daily S&P...

2023-03-10 08:04:50 ET Summary The news in banking is that SVB Capital had to sell securities marked for sale in order to shore up cash balances, as well as issue new shares. SVB finances venture, so this is another negative indicator for the VC space. More importantly, it is ...