SPUU News and Press, Direxion Daily S&P 500 Bull 2X Shares From 07/08/24

2024-07-08 12:29:50 ET Summary The US housing market has been facing a record inventory crisis, but the situation is changing rapidly. Inventory is very tight in the existing home market but loosening quickly in the new construction market. As a larger share of new constructio...

2024-07-08 12:08:11 ET Summary Fed Chair Powell testifies this week in a highly charged political atmosphere. The Fed is on a hot seat and will be pressed to defend both its position on inflation as well as on unemployment developments. Unemployment is rising among some groups...

2024-07-08 11:30:00 ET Summary Right now, second-quarter earnings reports may be a better guide to the economic outlook than official statistics. Looking one, two or three months into the past is unlikely to help investors prepare for the future. If there is weakness in the jo...

2024-07-08 08:35:00 ET Summary The S&P 500 had a strong week to start the calendar quarter for 2024-Q3. The GDPNow tool's forecast for real GDP growth rate in 2024-Q2 has more than halved over the past two weeks. The CME Group's FedWatch Tool forecasts the Fed will hold th...

2024-07-08 07:55:00 ET Summary The S&P Global US composite PMI was a little less than expected but above 50 at 51.6 while the ISM manufacturing PMI was slightly less than expected at 48.5. Construction spending, which has been an economic bright spot for at least the last year...

2024-07-08 07:05:00 ET Summary The dollar is narrowly mixed against the G10 and emerging market currencies today. The euro is little changed, holding on to last week's gains, after the surprising French election results. The Japanese yen has given back its initial gains, and t...

2024-07-07 16:00:00 ET Summary Q3 is off to a great start. July is likely to close higher, as is H2. The bullish bias remains, but buying over 5550 is asking for trouble. Exhaustion signals are mounting up in multiple timeframes and a dip back to 5440 support looks due. A ...

2024-07-07 06:15:00 ET Summary S&P 500 rally driven by concentrated index names and volatility dispersion trade. Surge in stock prices, call volumes, and implied volatility seen in Amazon, Microsoft, Alphabet, Tesla, and Meta. Volatility dispersion trades around earnings s...

2024-07-07 04:41:16 ET Summary Monetary policy is represented by a chart showing a 65.7% increase in the monetary base from February 2020 to May 2024. The M2 money stock has also increased in a similar pattern during this time period. The chart effectively illustrates the curr...

2024-07-06 08:35:00 ET Summary With the June employment data out of the way, the focus this week shifts back to prices, with the CPI and PPI on tap. The Dollar Index was turned down from the 106.00 area early last week after losing some momentum into the quarter-end. Given the...