FAS News and Press, Direxion Financial Bull 3X Shares From 03/11/20

Tobias Adrian, director or Monetary and Capital Department of the International Monetary Fund, recommends that authorities keep a close eye on asset managers and exchange-traded funds, where investors might liquidate risky investments suddenly. More news on: Financial Select Sector SP...

The New York Fed's Open Market Trading Desk accepts all $123.6B of securities submitted under its expanded overnight repurchase agreement ((repo)) operations. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Sha...

The Markit CDX North American Investment Grade Index surges today to the highest level since February 2016, according to prices compiled by Bloomberg. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ETF,...

Goldman Sachs Group economists now expect the Fed to slash its benchmark interest rate by another 50 basis points when its policy-setting arm meets on March 17-18 and again at their April 28-29 meeting, according to a report by Goldman chief economist, Jan Hatzius. More news on: Financia...

The plunge in oil prices "will be a big problem for America's banks" because all of the majors — including Bank of America (NYSE: BAC ), Citigroup (NYSE: C ), JPMorgan Chase (NYSE: JPM ), and Wells Fargo (NYSE: WFC ) — are large energy lenders, writes Odeon Capital's Dick Bove,...

Even before coronavirus clouded the global economic outlook, Odeon Capital analyst Dick Bove was warning that the banking industry's business model was changing radically and would result in lower margins and profits for most of the companies in the sector. More news on: Financial Select S...

The coronavirus is likely to be a short-term problem that will soon blow over without the need to cut rates, St. Louis Fed President James Bullard said in an interview on CNBC. More news on: iShares 20+ Year Treasury Bond ETF, ProShares UltraShort 20+ Year Treasury ETF, Vanguard Extended...

The repurchase agreement, or repo, operations that the Fed implemented in mid-September 2019 to calm money markets did what they were intended to do and proceeded smoothly, Fed officials said, according to the minutes from its Jan. 28-29 meeting. More news on: Financial Select Sector SPD...

Total household debt rose , up 1.4% Q/Q, marks the 22nd straight quarterly increase, according to the New York Fed's Center for Microeconomic Data. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ETF, New...

As part of its efforts to help banks transition from their reliance on the LIBOR benchmark, the Fed is working with regional and larger banks on the possibility of creating a credit-sensitive rate. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF,...