QMJ News and Press, Direxion S&P 500 High minus Low Quality ETF From 09/17/21

On 9/18/20, the consensus year-over-year EPS growth estimate for Q2 ’21 was 43.5%. The actual growth rate with just two weeks left in the quarter is – as of today – 95.5%. The expected YoY revenue growth rate for Q2 ’21 on 9/18/20 was 12.6%, but that same n...

As 21Q2 earnings season concludes, we move our lens to the next quarter to gauge earnings momentum. Encouragingly, the S&P 500 21Q3 earnings growth rate forecast has steadily improved over the last three months and currently stands at 29.8%. In this note, we focus our attentio...

With today's release of the August CPI, it looks on the surface as if inflation is moderating, much as the Fed has been hoping. Looking deeper, though, I think it still pays to be skeptical - especially since the belief that this inflation flareup is merely transitory has been fully e...

Is the stock market’s trending behavior changing? Are the winning streaks running longer and the corrections becoming shorter? Although this data isn’t overwhelmingly convincing, it does point in the direction that winning streaks are running longer while losing streaks ...

Interest rates are falling following the weaker CPI reading. Rates are likely to fall even further as the economy continues to slow. However, this time falling rates won't result in growth stocks rising. For further details see: Falling Rates Won't Save Growth Stocks Thi...

A “big” correction in the present low-volatility context is probably somewhere around 10%, or what we saw in the S&P 500 in September and October last year. As things stand now, barring mutations, wars or counterproductive Fed actions, a likely target for a big corre...

In addition to battery element shortages, the chip shortage has limited electric vehicle production. At the auto show in Munich last week, several auto executives commented on the chip shortage. Overall, the electrification of vehicles may be characterized by perpetual shortages for y...

As the economy continues to recover, market participants will concentrate on two critical areas: the employment picture and policy decisions made by the Federal Reserve. The jobs picture and Fed decisions could create volatility for commodities, stocks and bonds in the months ahead. ...

The current slowdown was telegraphed by the bond market, and we’re now in the midst of it. There are any number of reasons to think the economy will just keep fading all the way back to the pre-COVID trend of about 2%. I don’t see any reason to believe we are near recess...

Investing should be as unemotional as possible. Unfortunately, the higher the stakes, the more emotions get involved. All of the major banks have been gradually working their way to becoming bears. This is shocking because investment banks are always bullish. Things have probably ...