PASS News and Press, Direxion Daily Consumer Discretionary Bear 3X Shares From 10/07/20

Ecommerce allowed us to continue buying things we probably wouldn't have been able to buy otherwise. Consumer adoption of ecommerce is probably going to be sticky as concerns about the virus fade. Retailers winning during the pandemic were in the right categories and had a strong ...

Barclays upgrades the broad retail sector to a Positive rating for the first time in over ten years as it looks beyond the pandemic. "In the wake of COVID, the Retail segment is: 1) reducing supply on multiple levels and 2) forcing store closures as e-commerce growth accelerates. In 2021, we ...

ShopperTrak forecasts in-store traffic for the six-week holiday season will be down between 22% and 25%. Black Friday (November 27), Super Saturday (December 19) and the day after Christmas (December 26) are expected to be the three busiest shopping days of the year. Many retailers are closin...

The retail sector is outperforming on the day with the S&P Retail ETF (XRT) up 2.44% in comparison to the 1.38% gain for the S&P 500 Index. Specialty retailers are leading the charge, with online retailers, sporting goods sellers and household furnishers notably higher. Gainers includ...

AlixPartners is out with a forecast for the 2020 holiday season (defined this year as October through the end of December).The research firm expects an increase in sales of 1.0% to 2.6% over the same three-month period last year, when sales totaled $1.132T. AlixPartners' survey showed that 49...

NEW YORK , Sept. 18, 2020 /PRNewswire/ -- Direxion continually reviews its product range to ensure it's meeting the needs of our clients. Based upon a recent review, the Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close nine ETFs (each, a "Fund" an...

Two days ago we saw that gains in industrial production had decelerated sharply in August. This morning we saw the same thing with real retail sales, one of my favorite indicators. Nominal retail sales were up +0.6% in August. Meanwhile, July's reading was revised downward by -0.3%. Since in...

My take on this is a bit different. I think businesses are anticipating a slowdown and cutting inventory ahead of it. Reported this morning with August Retail Sales is data on Inventory/Sales ratio from July. While a lagging indicator and not historically a good indicator of future economic ...

Century 21, the famous New York discount store chain, has become the latest retail casualty of the coronavirus pandemic, saying it would file for bankruptcy and close all 13 of its locations after failing to receive money from its insurers. More news on: Consumer Discretionary Select Sec...

If I could, I would, but I can’t, so I won’t. - Anonymous Long-standing subscribers of The Lead-Lag Report will acknowledge the significance I attach to the health of the U.S. consumer while gauging broad economic conditions as it accounts for two thirds of the economy. Ret...