DPST News and Press, Direxion Daily Regional Banks Bull 3X Shares From 11/16/20

Regional banks are rising after Treasury yields climbed after news that a second COVID-19 vaccine will be submitted for emergency use authorization in coming weeks.10-year Treasury yield rises to ~0.91%, up from 0.87% in earlier trading.The S&P 1500 Composite Regional Banks Index ris...

Gainers: Microsectors U.S. Big Oil Index 3X ETN (NRGU) +61.4%.S&P Oil & Gas Expl Bull 3X Direxion (GUSH) +41.1%.Regional Banks Bull 3X Direxion (DPST) +39.6%.Energy Bull 2X Direxion (ERX) +35.0%.Ultra Oil & Gas Proshares (DIG) +33.0%Losers: Microsecto...

The Bank Index is down more than 30% year to date, while the S&P 500 Index is actually up on the year. What’s especially interesting about the banks’ underperformance this year is that it has come during a time when the yield curve has been widening. The median p...

This fourth article on depressed bank valuations is not intended to be political commentary but a factual, data-driven analysis of the risk of a Democrat sweep on November 3. The first article noted that valuations are near record lows, yet insiders are not buying, and Buffett is a ne...

Gainers: Regional Banks Bull 3X Direxion (DPST) +25.0%.Latin America Bull 3X Direxion (LBJ) +13.5%.Philippines Ishares MSCI ETF (EPHE) +10.2%.S&P 500 High Beta Bull 3X Direxion (HIBL) +9.0%.G-X Social Media ETF (SOCL) +8.4%.Losers: Homebuild & Suppli...

15-20 banks and financial names report this week. There remain a lot of questions about potential credit losses at the banks. The net interest margin compression will likely last a while unless the yield curve steepens, and that's more likely than the Fed raising rates. I do t...

Gainers: Pharmaceutical & Medical Bull 3X Direxion (PILL) +29.9%.S&P Biotech Bull 3X Direxion (LABU) +28.3%.Semiconductor Bull 3X Direxion (SOXL) +24.6%.Regional Banks Bull 3X Direxion (DPST) +22.7%.Latin America Bull 3X Direxion (LBJ) +21.7%.Losers: ...

Gainers: Ultrashort Natural Gas Proshares (KOLD) +26.6%.Homebuild & Suppliers Bull 3X Direxion (NAIL) +22.3%.Regional Banks Bull 3X Direxion (DPST) +21.7%.Real Estate Bull 3X Direxion (DRN) +16.9%.Solar Invesco ETF (TAN) +15.5%.Losers: Ultra DJ-UBS Natural Ga...

Gainers: Ultrashort Silver Proshares (ZSL) +32.6%.Microsectors -3X U.S. Big Oil Index ETN (NRGD) +29.9%.S&P Oil & Gas Expl Bear 3X Direxion (DRIP) +22.10%.Junior Gold Mine Bear 3X Direxion (JDST) +21.4%.Energy Bear 2X Direxion (ERY) +18.5%.Losers: Ultra Silver...

In this article I will walk you through the commonly used but wrong way to think about volatility decay. We'll then walk through an example of volatility decay with realistic numbers. Afterwards, we'll build a simple mathematical model to calculate volatility decay from first prin...