SMLL News and Press, Direxion Daily Small Cap Bull 2X Shares From 08/28/20

Consumption numbers today were weak as the global health crisis continues and fiscal support has expired, Ed Harrison told Real Vision during today's Daily Briefing. Harrison said we're only getting about 1% growth on consumption, and that's not going to do it in terms of a V-shaped r...

"Behind every stock is a company. Find out what it's doing." - Peter Lynch Most of the skeptics have taken the wrong path right from the beginning of this crisis. They simply underestimated the digital world we live in today. Their heads were wrapped around the number of restaurants that...

NEW YORK , Aug. 28, 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 15 ETFs (each, a "Fund" and c...

Many people have contacted me for help in arriving at and maintaining an appropriate fund portfolio during the last several months. Each investor, of course, has a different set of circumstances which means that merely recommending the identical "cookie cutter" portfolio for everyone doesn't m...

Executive Summary: The combination of Abbott's new rapid COVID test and Jay Powell's announcement that the Fed is taking a new tack on their approach to inflation pushed the S&P 500 to another all-time high on Thursday. While both can be viewed as "game changers," the realization that ...

The only man who sticks closer to you in adversity than a friend is a creditor. − Unknown Ever since COVID-19 disrupted our economy, the government has passed four bills to help people and businesses fight off the pandemic’s impact on the economy and the healthcare sector. ...

At this point, we are past sifting through the markets looking for warning signs. They are right in front of our faces now. The stock market is now extraordinarily overbought and in dangerous territory that is ripe for what could be a massive pullback, no matter how you try to look at it. Fu...

Recently, we received the second release of the Q2 GDP report, which contains data on corporate profits across the entire economy. The corporate sector is far larger than the handful of companies we watch on our screens every day, and the profits across the whole economy, both public and pri...

Editor's note: This article was originally published on August 27, 2020 by Menzie Chinn here . The Fed's new framework, as described by Chairman Powell , mentions "shortfalls" ( particularly in employment ) instead of deviations of the natural rate. The output analog of this shift is...

Here are some things I think I am thinking about: 1) Holy lumber, batman! Have you checked out lumber prices lately? Prices have TRIPLED since the March bottom. It's one of the most interesting economic developments since the pandemic started. Basically, people started staying home and rea...