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Forget that the major US stock indices eked out a small gain last week. All that most investors will remember is a wild week that took their portfolios on a harrowing roller coaster ride - one that prompted a respected financial television anchor, Jonathan Ferro, to remind his viewers that the...
While our nation fights the novel coronavirus for our health and physical well-being, many Americans are also waging a daily battle in the financial markets as we see historic and unprecedented volatility. Many investors can only be left in a constantly shifting cycle of awe, confusion, and gr...
This is the third, and I hope the last, of my viral market updates, reflecting how much change a week can deliver, and last week delivered more change than most investors could handle. Not only did we see two of the worst market days in history, in absolute terms, we also saw the worst single ...
"There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008." -- Goldman Sachs to clients on emergency teleconferen...
You can't say you weren't warned . The erosion of expected future dividends through the projected future of 2020 has begun contributing to the increasing volatile roller coaster ride S&P 500 investors have found themselves on. Although we've been attaching daily updates of the market's ...
While last week was a turbulent one for many investors, it seems this week has the ambition to put that one to shame, as the Dow ( DIA ) ended Monday down 2,997 points, having reached over 3,000 points down just a few minutes prior to close. Things are likely to get worse before they get bette...
After stocks triggered breakers twice in a week only to recover with a 9.3% gain on Friday, Monday morning saw another circuit breaker on futures as they fell 5% while the S&P SPDR ETF ( SPY ) has hit a 9.7% decline in pre-market trading (as of the time of writing). I wouldn't be surprised...
Risk-off periods in markets are nothing new. The first significant case was the stock market crash of 1929 that heralded in the Great Depression. Since markets reflect the global economic and political landscapes, there have been many examples of times when the stock market and other asset pri...
Situation Behind The Sell-Off The fear that is taking hold of the markets is real and very widespread. While the virus is reason for concern and isolation, I think it's overdone, and as a result, a number of great opportunities for blue chip and value plays have arisen. What first started as...
The word from Washington has changed from the coronavirus is 'no big deal.' We can get through this biological tap on the brakes of the economy with monetary ease (50 basis point cut in the Fed funds rate), a suggested cut in payroll taxes and, last Wednesday, a 30-day ban on flights from cont...
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NEW YORK , Aug. 28, 2020 /PRNewswire/ -- Direxion continually reviews its product range to ensure it's meeting the needs of our clients. Based upon a recent review, the Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close 15 ETFs (each, a "Fund" and c...