TYBS News and Press, Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust From 09/21/20

Federal Reserve policy remains a bullish backstop for stocks. Economy struggling to sustain momentum of initial recovery. Stocks fairly valued relative to bonds but far from cheap on absolute basis. For further details see: Mixed Macro Messages Provide Unclear Path For S...

In U.S. high yield bonds we find the riskiest of credits. I have some concerns about municipal bonds and am particularly concerned about municipal pension bonds. Our 'Borrower's Paradise' is also good news for many leveraged ETFs and closed-end funds. For further details see...

America is being presented with two very stark choices for the country's future and the markets, the closer we get to the election, may become very volatile and quite unruly. In normal times, there would be a push out of equities and into bonds as the "safe haven" play. However, w...

The Federal Reserve Wednesday announced that it would keep interest rates near zero for "some time" until the economy generates full employment and inflation is "moderately" above the central bank's 2% target. Judging by the new economic projections released by the Fed, rates will remain o...

With the Federal Funds rate hovering at zero percent and a more than $4 trillion response to the global COVID-19 pandemic, what’s next for Federal Reserve? In a groundbreaking speech, Fed chair Jerome Powell gave us a hint, and what he said will have wide repercussions for monetary poli...

$142 Trillion, that’s global GDP in 2019 in international dollars (you know, that hypothetical currency with a comparable purchasing power parity to the USD), when all was well, or at least better. For 2020, the IMF forecasts that global GDP will fall by 4.9%. That magnitude of decline ...

George Selgin is the director of the Cato Institute's Center for Monetary and Financial Alternatives and is a returning guest to Macro Musings. He joins again to talk about his views on the Fed's new framework and his recent book titled, *The Menace of Fiscal QE.* Specifically, David and Geor...

The Powell press conference came and went, discussing the Fed's new approach to inflation targeting. My view is that not much has changed, and we just face largely pointless debates about messaging - which are predicated upon the questionable assumption that expectation management can fine-tun...

Overview: Profit-taking after the FOMC meeting saw US equities and gold sell off. The high degree of uncertainty without fresh stimulus did not win investors' confidence. The Fed signaled rates would likely not be hiked for the next three years, and without additional measures, that appears ...

Economists were focused on three facets of the U.S. Federal Reserve (the Fed)'s meeting on Wednesday. Importantly, none of these three outcomes were particularly consequential for investors. 1. New forward guidance Would the Fed clarify its forward guidance on interest rates following Powe...