DPST News and Press, Direxion Daily Regional Banks Bull 3X Shares From 05/13/23

2023-05-13 07:40:00 ET Summary We don't rule out further problems arising in some of these smaller US banks but expect larger banks to be able to weather the storm. If a government shutdown and default look likely, the impact on financial markets, consumers and businesses would be...

2023-05-13 03:02:00 ET Summary Winding up SVB and Signature Bank left a $15.8 billion hole in the fund the FDIC uses to pay back savers when a lender implodes. U.S. banks will pay a one-off levy to cover the losses incurred by the FDIC. The charge, which will top up the Deposi...

2023-05-13 01:50:00 ET Summary The US's bank troubles have been concentrated among smaller-sized banks, while the larger institutions have weathered the storm relatively well so far. The impact on banks in the European Union has remained moderate. European banks carry substantial ...

2023-05-11 21:44:00 ET Summary Money supply growth fell again in March, plummeting further into negative territory after turning negative in November 2022 for the first time in 28 years. The fact that the money supply is shrinking at all is so remarkable because the money supply a...

2023-05-10 23:20:00 ET Summary The Fed’s latest survey of banking institutions reveals tighter lending standards with weaker loan demand. The Fed’s Q2 SLOOS summary, released on Monday, revealed tighter lending standards for almost all categories of borrowers while d...

2023-05-10 01:59:00 ET Summary I think that the Fed had to take the olive branch that the market was extending to it with fully pricing in this rate hike. The First Republic going into receivership and having the merger there - I think from that vantage point, it was a win-win-win...

2023-05-10 01:05:00 ET Summary Economists have been forecasting a recession would happen since the Federal Reserve (Fed) started raising interest rates back in March 2022. The federal funds rate has risen almost 500 basis points since last year, as the Fed has aggressively attacke...

2023-05-09 03:28:00 ET Summary Overall, due to a lower unemployment rate and rising wages, the payroll report was indicative of a stronger economy. ISM announced on Wednesday that its non-manufacturing (service) sector rose to 51.9 in April, up from 51.2 in March, the fourth strai...

2023-05-09 02:04:00 ET Summary The S&P regional bank index is now down -34% year to date and discussions of a credit crisis are running rampant. Rising rates make it more expensive to borrow and are intended to reduce inflation through reducing demand for new credit issuance. ...

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...