SPUU News and Press, Direxion Daily S&P 500 Bull 2X Shares From 07/09/24

2024-07-09 10:30:00 ET Summary Total construction spending rises to a new record with Residential, Public and Manufacturing posting higher levels while Power was lower. Spending on Manufacturing facilities has risen to 185% of August 2021, the sharpest rise in this series. The...

2024-07-09 09:30:00 ET Summary It has been surprising to look back since the start of 2024. Most Wall Street pros were conservative and projected we might see a 10-15% total return for all of 2024. Retail investors have been putting their investable assets into the market, with re...

2024-07-09 07:55:00 ET Summary Developed market central banks are starting to cut policy rates. U.S. stocks hit a fresh record high and 10-year U.S. Treasury yields slid last week after U.S. jobs data showed moderating wage growth. We watch the U.S. CPI data for June this week...

2024-07-09 07:05:00 ET Summary The dollar is consolidating in narrow ranges today against the G10 currencies and enjoys as slight upward bias against most emerging market currencies but for a few currencies from the Asia Pacific region. Asia Pacific equities rallied but for Hong K...

2024-07-09 03:04:00 ET Summary A more dovish Powell would help firm up the September cut expectations ahead of the CPI release due Thursday. Whereas in the US, we see the rate-cutting narrative picking up momentum; in the Eurozone, the direction is less evident. The 10Y B...

2024-07-09 02:05:00 ET Summary Last Wednesday, ADP announced that 150,000 new private payroll jobs were created in June, but those jobs were not very broad-based. ADP’s balanced jobs report, as usual, is probably closer to the truth than the more widely heralded Friday jobs...

2024-07-08 22:32:12 ET Summary Sentiment indicators strongly support our January forecast of an August top in the market. Investor sentiment drives stock prices more than economic data. The Master Sentiment Indicator, and four other sentiment indicators, all show extreme level...

2024-07-08 15:20:00 ET Summary What is notable today is the magnitude of the difference in return between some of the various indices. On a year to date basis, the S&P Midcap 400 Index is up just 4.94% as of July 5, 2024, and the Russell 2000 Index of small company stocks is u...

2024-07-08 14:35:00 ET Summary The S&P 500 and Nasdaq Composite Index rose to fresh record highs on Friday. The latest jobs data helped add to bullish sentiment. Along with other recent reports, Friday’s one suggests the economy is cooling without collapsing. That is re...

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...