HYDD News and Press, Direxion Daily High Yield Bull 2X Shares ETF From 03/20/20

There have been recent developments at the Fed. Time Is A Luxury Twelve press releases in five days, and even more announcements than that. It has been an unbelievably busy time for Fed watchers. I hit Publish on the night of Thursday, March 19, and by the time you read this, everythin...

By Robert Hughes Weekly initial claims for unemployment insurance jumped sharply for the week ending March 14, rising 70,000 to 281,000, the highest level since September 2017. The four-week average came in at 232,250 versus 215,750 in the prior week (see top chart). According to the Emp...

I have been slammed with emails over the last couple of days asking the following questions: "What just happened to my bonds?" "What happened to my gold position, shouldn't it be going up?" "Why are all my stocks being flushed at the same time?" As noted by Zerohedge: "Stocks...

Michael Darda sent me a scary graph showing 10-year TIPS spreads (white line) and the (real) yield on 10-year TIPS (yellow line): Notice the recent sharp increase in real interest rates in the US. This is exactly what happened in late 2008. Indeed almost everything that's happened recently i...

Gold underperformance during periods of panic is not new. If you look at the Great Financial Crisis, you'll see that the same happened then. The gold price peaked in July and then went on to lose 27% of its value. (Source: Seeking Alpha ) More interestingly, gold then started a rally unti...

In March 1968, the US began an experiment in pure growth rate targeting. The value of the dollar was no longer fixed by any "level" type variable. Prior to March 1968, the dollar had been at least loosely linked to gold (at $35/ounce during 1934-68, and $20.67/ounce during 1879-1933.) It's tim...

Part 1 While I'm going to pass along my thoughts to you, I want to emphasize that I wasn't, and still am not, able to anticipate the most important things happening in the markets because of the extremely rare nature of the circumstances. While what I don't know is much greater than what I k...

By Francis A. Scotland Investors are in full panic mode as COVID-19 morphs into an official global pandemic. The Dow-Jones Industrial Average went from a 52-week high to a 52-week low in 10 days, the fastest reversal ever recorded. The scale of volatility registering across markets refle...

Everybody is blaming coronavirus for the collapsing financial markets. This is not the reason. The reason is the reckless Federal Reserve. Imagine a situation when an individual has AIDS and he/she dies from a light cold. It is not the cold that killed the person. It is AIDS that caused the ...

By Kristina Hooper , Chief Global Market Strategist; Brian Levitt , Global Market Strategist, North America Weekly Market Compass: Healthcare, monetary, and fiscal policy will all play critical roles in combating this crisis The coronavirus pandemic is spreading in Europe, th...