TECS News and Press, Direxion Technology Bear 3X Shares From 08/06/21

The IHS Markit Global Sector PMI™ signalled sustained strong recovery for the global economy, led by the consumer services sector. Basic Materials sector output growth eased for a second straight month to land in the last position of the eight sector groups we track in the glob...

Capital expenditure expectations appear to have recovered from pre-pandemic levels in most major regions and are trending upwards according to analyst estimates. For the U.S. index, the 12-month forward capital expenditures estimate is currently $885.6 billion, up 13.8% year-over-year...

Year over year, the Consumer Price Index (CPI) rose 4.2% in April, 5.0% in May, and 5.4% in June. Fading re-opening enthusiasm or the drying up of government stimulus checks could be factors in the sluggish growth numbers compared to prior month. Bond and equity markets indicated ...

Global PMI signalled regional divergence deepening. Delta variant driven divergence aggravates as price pressures ease. Divergence in growth performance carries key risks, including for emerging market assets. For further details see: Delta Variant Spread Poses Key Risks...

In 2021, energy is where the money is going. Money is flowing out of Momentum stocks this year, and much of it is going into Value names. Commodities are having a strong showing compared to last year. For further details see: If You Want To Know Where The Market Action I...

As we mark the halfway point of the year, the economy is in full recovery mode and asset prices are soaring. As we enter the second half of the year though, it is hard to ignore some contradictions. Economic growth in H1 is going to print a big number, and yet, the 10-year Treasury no...

Gainers: FTSE China Bear 3X Direxion (YANG) +10.3%.Teucrium Corn (CORN) +9.7%.Technology Bull 3X Direxion (TECL) +9.7%.Ultra Bloomberg Natural Gas ETF (BOIL) +9.15%.Teucrium Soybean (SOYB) +8.8%.Losers: CSI China Internet Idx Bull 2X Direxion (CWEB) -10.8%.Breakw...

At least 200 organizations have been hit by ransomware attacks following an incident at U.S. IT firm Kaseya, according to cybersecurity firm Huntress Labs, making it one of the single largest criminal ransomware sprees in history.According to NBC News, the attack is believed to be affili...

GlobalFoundries announced a $4 billion investment in conjunction with Singapore government officials to greatly expand capacity at its existing chip fabrication plant (fab) in Singapore. The investment will enable the company to increase its overall output by 33%, growing its 300 mm w...

Strategas Director of Policy Research Jeannette Lowe talks about the betting odds of a corporate tax rate hike coming down and how that plays into the ongoing debate around a potential infrastructure bill. She points out that the Senate is making progress on a bipartisan infrastructur...