QQQE News and Press, Direxion NASDAQ-100 Equal Weighted Index Shares From 11/21/23

2023-11-21 20:30:00 ET Summary There was a government-spending-fuelled burst of economic activity in the US during the third quarter of this year that led to a high GDP growth number being reported for the quarter. Continuous Claims bottomed in September 2022, moved higher into Ap...

2023-11-21 20:15:00 ET Summary There is a gradual thawing of the pessimism that has wracked equity prices since the end of 2021. The important economic trends continued to trend higher despite most investors expecting a recession that has not occurred and not likely to occur near ...

2023-11-21 09:48:00 ET Summary From the standpoint of systematic monetary policy, the Federal Funds rate remains below, not above, levels that have historically been consistent with prevailing core inflation, output, employment, and sales. Emphatically, our investment discipline i...

2023-11-21 06:30:00 ET Summary Stock markets can go up a lot without a correction, but then when a correction comes, it tends to be a lot bigger than most people would like it to be. From a seasonal perspective, Thanksgiving week tends to be one of the most positive weeks of the y...

2023-11-20 19:25:00 ET Summary It’s been the worst of times and the best of times for the Nasdaq 100, which marked the two-year anniversary of its record high from 11/19/21 over the weekend. After falling over 35% from the record high through the October 2022 low, the Nasda...

2023-11-14 15:12:00 ET Summary U.S. real personal consumption has held up well in the face of higher interest rates because jobs kept growing. Inflation has receded in virtually every category, although shelter is coming down more slowly due to the confusing and lagged calculation...

2023-11-14 06:51:00 ET Summary In the context of fighting inflation, the “final mile” represents the successful and sustainable achievement of a central bank’s inflation target. Perhaps the biggest surprise in macroeconomics this year has been the resilience o...

2023-11-10 07:30:00 ET Summary Value went through the longest and deepest dry spell in history from 2007 to summer of 2020. Depends how you define value. As a value investor, obviously that puts our company through a ringer and it has us challenging and testing our own assumptions...

2023-11-07 22:55:00 ET Summary We had a few data misses and comments from Fed officials to suggest that the tightening cycle is now done. Some investors have even started to look forward to interest rate cuts, and this was reflected in a sharp fall in bond yields. The Dow enjo...

2023-11-07 21:35:00 ET Summary The third quarter GDP report surprised most economists with a blowout 4.9% gain. Is a downside reversal brewing for Q4? Early estimates for the final months of 2023 point to a substantially softer pace of economic activity. It’s premature ...