SPXL News and Press, Direxion Daily S&P 500 Bull 3X Shares From 05/15/24

2024-05-15 13:28:47 ET Summary CPI and Core CPI rose as expected, indicating trends consistent with high inflation rates. Retail sales were disappointing and stagnant, suggesting a potential stagflation-like environment. The economy may be experiencing a stagnating or stagflat...

2024-05-15 13:10:00 ET Summary Calling tops and bottoms in the stock market is the Holy Grail for investing analytics. The value of monitoring valuation/bubble risk and trend is that when the two are in agreement, the related risk analysis is arguably more persuasive. The long...

2024-05-15 08:35:00 ET Summary The dollar is trading weakly against G10 currencies and emerging market currencies as the market expects softer US CPI and retail sales data. US interest rates are softer, with Treasury yields at their lowest level since April 10. Equities are mo...

2024-05-15 02:10:00 ET Summary In June 2022, the Federal Reserve began its program of quantitative tightening (QT) as a complementary policy to conventional interest rate hikes. On May 1, Fed Chairman Jerome Powell announced an important change to the program that seemed to attrac...

2024-05-14 15:10:00 ET Summary Earlier in the day on 5/14, the NFIB published the results of its latest survey of Small Business Optimism. While the optimism index sits in the bottom decile of historical readings, the 1.2 point month-over-month jump ranks in the top quartile of mo...

2024-05-14 13:30:00 ET Summary While there is much debate over whether another bear market is imminent, weekly moving average crossovers suggest a different outcome for now. Understanding that the market tends to lead the economy by six months or more, we can use longer-term marke...

2024-05-14 10:10:00 ET Summary Demographic trends are elevating entitlement spending, and higher spending on infrastructure and other pandemic-era priorities has kept overall government outlays above pre-pandemic levels. Incremental deficit change is what influences growth rates, ...

2024-05-14 06:55:00 ET Summary The tone in the foreign exchange market today is mostly consolidative. The US is set to announce a new set of tariffs on a wide range of Chinese goods later today. The longest rally in Europe's Stoxx 600 since October-November 2021 is being chall...

2024-05-14 03:40:00 ET Summary Three sentiment indicators reflected additional pessimism from the week prior after the PMI came in at 49.1, a PMI recession signal below 50. Investors should use any short-term dips in sentiment as an opportunity to add capital to accounts. Over...

2024-05-14 00:55:00 ET Summary Minneapolis Fed President Neel Kashkari issued an essay saying that the recent inflation data raise questions about whether their monetary policy is restrictive enough to fully return price growth to the central bank’s 2% target rate. Kashkari...