SMLL News and Press, Direxion Daily Small Cap Bull 2X Shares From 08/14/20

There’s no doubt about it. Economies around the world are in a COVID-19 recession. In the US, GDP has declined 10% through July. A recession is defined as a decline of 10% or more. In the following picture, changes are annualized. The unannualized decline is 10% so far this year. Fu...

After only five months from the recession low, the S&P 500 returned to its all-time record high this week. This once again reflects the new normal of a central bank liquidity-driven world. Historically, following a recession, the average time for the S&P 500 to recover recession losses...

No matter how you try to look at the market, there are warning signs. From copper breaking down to weakness in big technology names, the risk-on trade is under assault. Meanwhile, the big rotation trade some are looking for only materializes for days and then vanishes as quickly as it appears....

Executive Summary: Monetary conditions, which includes Fed policy, remain exceptionally/historically favorable. Both economic data and corporate earnings have been coming in better than expected. Inflation, while showing some signs of life recently, isn't likely to be a problem for stocks ...

Editor's note: This article was originally published on August 13, 2020, by Menzie Chinn here . The trajectory of the recovery according to the consensus is little changed from the Wall Street Journal 's (subscription required) July survey - despite the derailment of the Phase 4 reco...

Economic forecasters face a great challenge in the Covid-19 pandemic. The economic outlook critically depends on development of a vaccine. Instead of studying mathematical modeling, statistics and economics, perhaps we should have delved into virology, epidemiology and immunization. But there'...

Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone's focus on the coronavirus, is unexpected. We can now identify March 23 as the date when markets stopped worrying about deflation and realised that monetary in...

Despite the rally in equities, bank stocks are still 30% below their highs, which is a signal of secular stagnation that means this is no bull market, Ed Harrison said during today’s Real Vision Daily Briefing. Harrison said the outgrowth of that is we see a bull flattening in ...

The flow of trade between the U.S. and China in June 2020 shows continued signs of economic recovery following the negative impact of government-mandated lockdowns in both countries to address the coronavirus pandemic earlier in 2020. The rebound of trade, as measured by the combined value o...

Flattening July saw the recovery stall out in many ways. The unemployment insurance numbers tell the weekly story: Like everything else, the normally highly reliable UI tables have gone all wonky on us. The difficulty states are having with their ancient IT systems has been well-documented...