FAS News and Press, Direxion Financial Bull 3X Shares From 03/23/20

Forgetting energy, the financials ( XLF   -8.9% ) got hit harder than any sector today after the Fed more or less pledged to buy nearly any piece of paper out there with freshly minted dollars. More news on: Financial Select Sector SPDR ETF, Bank of America Corporation, Citigroup In...

Among the new ammo the Federal Reserve announced this morning is the return of a financial crisis-era tool, term asset-backed securities loan facility (TALF). More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Sha...

Introduction The Weekly Breakout Forecast continues my doctoral research analysis on MDA breakout selections over more than 5 years. This subset of the different portfolios I regularly analyze has now reached 148 weeks of public selections as part of this ongoing live forward-testing. In...

The New York Fed will conduct additional overnight repurchase agreement (repo) operations each afternoon for the rest of the current monthly operational schedule, bringing each day's offered amount to $1T. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x S...

The Federal Reserve may roll out another round of liquidity tools next week to bolster markets, beyond the ones they're already using, writes NatWest Markets strategist Blake Gwinn in a note. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direx...

The Fed's "frantic asset purchase pace" could push bank reserves toward the $3T levels, Barclays strategist Joseph Abate wrote in a note. 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....

Lenders and credit-reporting firms are trying to work out  what they might do to help consumers in what may be the biggest credit crunch since the Great Depression, the Wall Street Journal reports. More news on: JPMorgan Chase & Co., Citigroup Inc., Discover Financial Services,...

If the the five industries most stressed by the coronavirus and oil price slump were to draw as much as 70% from their lines of credit, that could pull a total of ~$700B from the six biggest banks' liquidity pools, or close to 16% of lenders' cash-like holdings at the end of last year, Blo...

Though just a month ago, the Fed was expecting to taper off its repurchase agreement (repo) operations in April, the central bank has apparently scrapped that plan as it faces the economic fallout from the coronavirus. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financia...

The New York Fed will again conduct an additional overnight repurchase agreement operation this afternoon for an aggregate amount of $500B. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ETF, Financial ...