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FAS News and Press, Direxion Financial Bull 3X Shares From 12/26/19

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Company Name: Direxion Financial Bull 3X Shares
Stock Symbol: FAS
Market: NYSE

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FAS - Banks on the rise as consumers spend

The biggest banks gain after strong consumer spending bodes well for the nation's lenders. More news on: Citigroup Inc., JPMorgan Chase & Co., Wells Fargo & Company, Financial stocks news, Consumer stocks news, News on ETFs, Read more ...

FAS - Senate passes spending law with big changes for retirement plans

Spending legislation passed by the Senate today contains the most biggest changes in more than a decade to the country's retirement system. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ETF, Financial ...

FAS - Credit application rate rose, rejection rates fell in 2019, New York Fed says

A higher percentage of U.S. households applied for credit in 2019 than in 2018 and the percentage of those rejected declined, according the the New York Fed's Survey of Consumer Expectations Credit Access Survey. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bu...

FAS - Morgan Stanley sees pricey growth stocks as greatest risk

As 2019 winds down, bank strategists look to what the past year's developments portend for 2020. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ETF, News on the U.S. economy, News on ETFs, Read more ....

FAS - Tariff fears sink financial stocks; 10-year Treasury yield tumbles 14 bps

Bank stocks take a beating , as renewed trade war fears send the 10-year Treasury yield tumbling toward its biggest decline in more than three years. More news on: Financial Select Sector SPDR ETF, The Goldman Sachs Group, Inc., Morgan Stanley, Financial stocks news, Stocks on the move, ...

FAS - Bank Sector Breakdown: Big Banks Carrying Financial Indices, Streamlining Operations, And Yield Curve Steepening

Diversified big bank stocks have been on a roll since the start of earnings season. Following EPS beats, Bank of America ( BAC ), JPMorgan Chase ( JPM ), Morgan Stanley ( MS ), and US Bancorp ( USB ) are up at least +10.0% each. The Solactive Big Banks Index (biggest 10 U.S. Banks by market ca...

FAS - U.S. consumer credit rises at slowest rate in 15 months

U.S. consumer credit increased at an annual rate of 2.75% to $4.15T in September, the slowest rate in 15 months, according to data from the Federal Reserve. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Share...

FAS - Was The September Repo Spike An Anomaly?

The news media, bank executives, the U.S. Federal Reserve (the Fed) chairman and even presidential candidates have made remarks about the recent spike in short-term funding rates. What caused the spike, and why is it important? In mid-September, there was a significant spike in the overnight...

FAS - How To Short Leveraged ETFs: A Backtest On Shorting JDST/JNUG

In my previous article , I discussed the terrible performance of leveraged ETNs and tried to shed some light on why these products decay over time. The key take aways were: Even if the underlying moves in favor of the ETN, the ETN might still lose value over the long term (negative compou...

FAS - Meet The Worst ETFs In The World: Leveraged ETNs

Without a doubt, it can be said that ETFs have been among the most popular products among investors in recent years. As mutual funds are struggling more and more to justify their fees, asset inflow into ETFs has consistently been increasing. But while some ordinary ETFs can indeed generate s...

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