SPXL News and Press, Direxion Daily S&P 500 Bull 3X Shares From 05/20/24

2024-05-20 14:15:00 ET Summary We stay dynamic on a strategic horizon to take advantage of sharp valuation shifts. We go overweight emerging market stocks for the first time since 2020. U.S. stocks hit all-time highs while 10-year yields fell after the CPI data met expectations. W...

2024-05-20 09:35:00 ET Summary American consumers, often seen as a bellwether for the global economy - have been largely resilient and healthy despite sticky inflation and higher interest rates. Can this resilience continue as difficult market conditions persist? At a high lev...

2024-05-20 08:14:00 ET Summary We think that VOO is likely going to materially underperform its historical average of a ~10% total return CAGR over the next 3-5 years. We share 5 big reasons why. We also share where we are investing instead right now. ... Read the ...

2024-05-20 07:50:00 ET Summary Most of the G10 currencies are +/- 0.1% against the dollar. The BOJ's reluctance to continue to reduce its bond purchases seemed to strengthen perceptions that it was not as concerned about the yen's weakness as was the Ministry of Finance. The e...

2024-05-20 07:15:00 ET Summary With Nvidia scheduled to report their quarterly results on 5/22/24 after the closing bell, earnings season has likely been extended for another week. Nvidia matters greatly this week, it’s the stock market darling since Apple fell out of favor...

2024-05-20 05:47:00 ET Summary With a 3.9% unemployment rate and still 8.5 million job openings, what is the probability of ongoing elevated wage gains perpetuating second-round inflationary effects (especially in rents and housing)? The fundamental predicament today is Monetary D...

2024-05-20 03:26:00 ET Summary Consumer confidence for April came in well below economists’ expectations (both the Conference Board and the Michigan sentiment indexes). The market loves itself a Goldilocks economy, where modest growth is paired with declining inflation and,...

2024-05-20 02:53:00 ET Summary The US economy grew 3.1% last year, trouncing widespread calls for a recession and exceeding my relatively sober expectation for 2% growth. The correct way to view the interplay between growth and inflation is to first understand that high inflation ...

2024-05-20 01:23:30 ET Summary The Federal Reserve has been conducting quantitative tightening for over two years, reducing its securities portfolio by over $1.6 trillion. The M2 money stock has increased at a compound annual rate of 6.9% over the past four years, indicating exces...

2024-05-19 16:00:00 ET Summary The S&P 500 is back in blue sky at new all-time highs. Next week's call looks easy - everything is bullish and the rally should continue. However, we should guard against complacency. A dip should hold 5264. But what if it doesn't? ...