TECS News and Press, Direxion Technology Bear 3X Shares From 01/26/21

Car tech adoption has been modest at best, and traditional carmakers are showing signs of life. We're still many, many years away from a day when you can walk into an auto dealership and drive away in a fully autonomous car. However, it really does seem that 2021 is shaping up to be a...

As of 2019, the economic output of US technology companies was $1.9 trillion, or about 10% of US GDP. Over the last 30 years, the tech sector has been on the ascent, taking up an ever-growing share of the market. Tech will not be less important in our lives post-pandemic. Fo...

Europe is clearly at risk of a double-dip recession, albeit a modest one. The IHS Markit Flash Eurozone Composite PMI (Purchasing Managers Index) clocked in at 47.5, down from December's 49.1. The UK is in a worse situation, at an even greater risk than the eurozone of a double-dip re...

While the Tech sector's "expected" EPS growth for 2021 has slowed from 18% this past summer to 14% today, note that quarter-by-quarter changes have been consistently upward for the Tech sector. Personally, I put more weight on the quarterly data since it's the "bottom-up" estimates fr...

The media and pundits continue their time-honored tradition of sawing sawdust. On top of this, headline-sniffing computers are constantly on the lookout for bad or good news items on which to launch a barrage of Buy or Sell orders. Since the 10-year US Treasury note is only paying a l...

There has been much talk of a tech bubble lately. That might have caused some worry for you, and that's why I wanted to write this article. Tech has beaten all other sectors by a wide margin over the last 10 years, making some believe the next decade will be different. The general...

Sell side analysts know exactly what fundamental analysis is. Whether or not the Robinhood effect is real, there is no question that sell side analysts have been a significant driver of the current bubble in technology and electric vehicle stocks. If you're long tech stocks, sell ...

At this year’s CES, to no one's surprise, there seems to be a lot more talking about big-picture concepts and not nearly as much about specific products as we've seen in the past. The most interesting topics and most compelling visions seemed to be a bit further off than usual....

There seem to be some interesting trends emerging across the tech world that will likely have an impact in 2021. Hybrid solutions and an increased degree of customization and specialization are two key themes for tech trends in 2021. Here's my take on trends in a few specific area...

We share three key lessons we learned from 2020 – and how they inform our 2021 outlook. The UK and European Union agreed on a trade deal. The U.S. launched a new $900 billion fiscal package amid climbing Covid hospitalizations and deaths. This week’s U.S. nonfarm pay...