TYBS News and Press, Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust From 01/12/20

The substantial economic calendar features inflation reports and housing, but also includes Michigan sentiment, the Fed’s Beige Book, and NFIB sentiment survey. We will also get the first earnings reports for the Q4 season. Of late, the calendar has not provided much of a clue to the up...

In our December 31 client letter, we discussed the re-steepening in the US 10-year and 3-month yield spread that has been underway since 2019, as the US Fed began cutting its policy rates once more. An inversion of the 10-year - 3-month spread has preceded each of the last eleven US recessio...

Most debates around Modern Monetary Theory ((MMT)) revolve around the role of operations and the meaning of the "fiscal constraint": what are the limits on fiscal policy? (The focus on this one topic is either the result of this being the most interesting topic, and/or critics not being bother...

Bill Dudley, ex President of the New York Fed, has an excellent Bloomberg editorial on reserves . Reserves are accounts that banks hold at the Fed. The Fed used to pay no interest on these accounts. Accordingly, banks held very small quantities, as little as $10 billion in all, and they man...

Investment-grade corporate bonds had a stellar year, rising more than 17% throughout 2019, based on the total return of Corporate Bond ETF ( LQD ). Investment-grade corporate bonds certainly have a spot in a balanced portfolio, in addition to less risky Treasury bonds. Historically, when ec...

By Breakingviews The death in December of Paul Volcker, former chairman of the U.S. Federal Reserve and famed inflation fighter, is a reminder that galloping price increases used to be a problem. In recent years, though, inflation has largely gone missing. Its return in 2020 would be an un...

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The economic calendar features the employment situation report at week’s end with a preview from the ADP on Wednesday. In my early WTWA preparation I expected some reallocation action by those returning from vacation, and a focus on employment as a key economic read. I still believe tha...

"And if you go chasing rabbits, and you know you're going to fall Tell 'em a hookah-smoking caterpillar has given you the call…" - Jefferson Airplane One of the most important bankruptcy attorneys in the United States lives in Fort Lauderdale. I am proud that he is a friend of min...

The year 2019 should be remembered as the year of repo. In finance, what happened in September was the most memorable occurrence of the last few years. Rate cuts were a strong contender, the first in over a decade, as was overseas turmoil. Both of those, however, stemmed from the same thing be...