FAS News and Press, Direxion Financial Bull 3X Shares From 06/01/20

After finally breaking through weeks of sideways consolidation, May turned out to be another banner month for major stock market indices, punctuated by the S&P 500 ( SPY ) recapturing the key 3000 level and 200-day moving average last week. Yet, the same cannot be said for the financial se...

"We're days away from making the first loans in the Main Street" lending program, Fed Chair Jerome Powell said in an interview on CNBC. 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....

With the Canadian TSX today virtually unchanged from its April 2008 peak, even the most steadfast buy and hold investors have reaped zero capital gains over more than 12 years of risk and just 1.7% annually since the prior cycle peak in July 2000. Those who bought GICs and government bonds ove...

Fed Chairman Jerome Powell will tell a Senate committee tomorrow that the central bank will use all of the tools at its disposal to help support the U.S. economy through the pandemic crisis, according a prepared opening statement . More news on: iShares 20+ Year Treasury Bond ETF, Financi...

With short-term lending markets stabilizing, the New York Fed's Open Market Trading Desk is ending its three-month repo operations. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ETF, Financial stocks n...

Unlike Stanley Druckenmiller and David Tepper, who are calling the stock market overvalued, Bill Miller,  doesn't see the market as "dramatically overvalued." More news on: Amazon.com, Inc., Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Financial stoc...

Fed Chair Jerome Powell is expected to quash the prospect of negative interest rates when he speaks tomorrow even as President Trump continues to tout them as a cheap way to borrow. More news on: iShares Core U.S. Treasury Bond ETF, Invesco Exchange-Traded Fund Trust II - Invesco 1-30 ...

The Fed will disclose the names of banks borrowing from two emergency lending facilities — the Term Asset-Backed Securities Loan Facility and the Payroll Protection Program Liquidity Facility — on a monthly basis. More news on: Financial Select Sector SPDR ETF, Direxion Dai...

Philadelphia Fed President Patrick Harker says the U.S economy's recover is likely to be uneven and could be reversed if businesses open too soon, triggering a second wave of infections. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion...

The fundamental difference between the market dislocation caused by the COVID-19 pandemic and the 2008 crisis is that the earlier crisis incubated in the financial sector itself, said Federal Reserve Vice Chair Randal Quarles in prepared comments for his testimony before the Senate tomorrow....