ERX News and Press, Direxion Energy Bull 3X Shares From 02/25/21

Energy has outperformed tech by ~24% this month. This is matching the outperformance we saw in November following the vaccine news. Such intense sector outperformance/underperformance usually highlights the end to a leader sector. The tech stock reign is over, and energy is go...

The big news of the week was the spike in interest rates, which according to the press reports I read, "came out of nowhere". Last week's economic reports were mostly positive and better than expected. US stocks took a breather last week but global stocks managed a small gain. ...

Energy ([[XLE]] +4.7%) is today's best performing sector as crude oil prices extend their rally and an assumption that underinvestment in recent years will translate into supply constraints as the global economy rebounds.The S&P sector is now +25% YTD vs. a 3.5% gain for the broader S&...

Crude futures already climbed above $61/bbl, but natural gas prices rose another 1.8% overnight, after Texas Governor Greg Abbott banned sales of the state's natural gas beyond its borders. Among those set to cash in on skyrocketing prices is Comstock Resources (CRK), which is ahead by 4% in ...

Crude oil (CL1:COM) quickly reverses gains, as traders apparently react to headlines that Saudi Arabia is set to reverse their unilateral oil production cut; March WTI -0.5% to $59.72/bbl, April Brent (CO1:COM) -0.1% to $63.31/bbl.Crude had been extending gains after surpassing $60/bbl for th...

Energy ([[XLE]] +2.7%) leads today's S&P sector standings by a wide margin, lifted by higher oil and gas prices as the crippling winter storm in the central U.S. from the Midwest to Texas wreaks havoc on energy production.March WTI (CL1:COM) +0.6% to $59.82/bbl but April Brent (CO1:COM) -...

Risk assets continued their historic run last week with EM equities and commodities leading the way. Bonds sold off as the 10-year Treasury note yield broke above 1.20% for the first time since the lows last spring. The 10-year TIPS yield closed the week at 1.02%, near the all-tim...

West Texas crude oil (CL1:COM) tops $60/bbl for the first time since January 2020, sparked partly by historic cold weather in Texas that appear to be causing supply disruptions.March WTI +1.7% to $60.52/bbl, bringing WTI futures up 24% YTD, and April Brent (CO1:COM) +1.9% to $63.61/bbl -...

After a dramatic year of volatility, the U.S. stock market ended 2020 at record highs. Can this momentum continue this year? ESG investments clearly outperformed in 2020. 2021 should be a year of much better cash flow for companies. For further details see: A Stock Picke...

Energy is starting to outperform tech once again. The recent hiatus is a healthy pause before the bull run resumes. By March, we think the outperformance of energy to tech will become more evident. This may coincide with the rapid drop in COVID-19 case counts globally. The other f...