FAS News and Press, Direxion Financial Bull 3X Shares From 07/13/20

The pandemic hasn't changed the overall timeline for phasing out LIBOR, New York Fed President John Williams said in a webinar hosted by the Bank of England and the New York Fed. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Fin...

I was reading with interest an article by Limelight Alpha Management Partners titled "Don't Buy Falling Financials, Buy These Stocks Instead". Whilst the rationale noted in the article appears sound on the surface - as a banking specialist who is probably closer to the topic, I felt t...

Credit, operational, and compliance risks may stress banks' financial performance this year, the Office of the Comptroller of the Currency said in its Semiannual Risk Perspective for Spring 2020. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF,...

PMI Composite FLASH Markit’s Composite Purchasing Managers Index has continued to recover, rising to 46.8 in mid-June from 37.0 in May. This is well off the low of 27 set in April. While it still shows the economy is in contraction (below 50.0), there is clearly a slowdown in the ra...

The Fed last night ordered banks to suspend dividend increases and not resume buybacks through at least the third quarter. Not only that, but dividends going forward will be limited to what the banks actually earn (more or less). More news on: Financial Select Sector SPDR ETF, SPDR S&P...

David Aurelio of Refinitiv is doing an earnings conference call today, i.e. Wednesday morning, June 24th, 2020 at 11:00 am central time. Search the Refinitiv website or David Aurelio's blog for the details. This blog's source earnings data comes from Refinitiv, which sources the data from IBES...

The number of consumer loan accounts  enrolled in deferment, forbearance, or some other type of relief plan since March 1 increased to 106M at the end of May, three times' the number at the end of April, the Wall Street Journal reports, citing numbers from credit-reporting firm Trans...

The U.S. central bank opens registration for lenders who want to participate in its Main Street Lending Program . 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, Financial...

Market Timing Many investors, academics, and financial professionals believe it is impossible to time the market. Other investors, notably active traders, believe strongly in it. Thus, whether market timing is possible is a matter of opinion. What can be said with certainty is it is ver...

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...