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The Dow ( DJI ) posted its largest point gain in history on Tuesday of +2,112, beating its previous largest point gain just a week and a half prior, and posting its largest one-day gain (+11.37%) since 1933 . Markets appeared to be roaring due to a mix of a pending $2 trillion stimulus bil...
In the midst of a crisis, it is very difficult to think about life in its aftermath, but there will come a time when investors and companies will shift their focus. To be able to do so, they have to survive the crisis, and for many companies, that has become the immediate challenge. In the las...
The response to the coronavirus pandemic in the U.S. sank the S&P 500 on Friday, March 20, 2020, where after having been flat for most the day, the deteriorating outlook for the U.S. economy was aided by New York Governor Andrew Cuomo's order to close non-essential businesses and for New Y...
I'll keep this article short. Based on academic research, the recent stock market crash could decrease U.S. GDP by 1.70% to 3.90%, salaries by at least 2.80%, and hours worked by at least 1.20%, as reduced consumer spending from households with significant equities holdings reduces corporate s...
By Scott Bauer At a Glance Q2 reports on consumer spending, GDP will be the first real signs of the coronavirus economic toll. Upcoming Q1 earnings will not tell the entire story due to a strong period to begin the year. The coronavirus pandemic has shut down entire states and sp...
Bill Ackman is an American hedge fund manager who is the founder and CEO of Pershing Square Capital Management. Occasionally, he appears on CNBC, the business news network. Ackman is a self-proclaimed activist investor. He rose to fame with a high-profile short position in Herbalife ( HLF ),...
Is there anything like predictability? Recently, I have looked at some second-order effects of the pandemic and concluded that not the coronavirus itself and its near-term financial consequences, but the emerging unpredictability of the post-coronavirus world was causing the market panic. ...
"A pessimist sees the difficult in every opportunity; an optimist sees the opportunity in every difficulty." – Winston Churchill Written on Sunday, March 22 nd 2020 We take time each week to review our impressions and analyses of what has transpired in these rapidly changing time...
This article begins by stating the facts regarding COVID-19’s current status and trajectory. I will then outline the economic and financial consequences of this event and provide my outlook on certain asset classes given the epidemic. Facts Italy is currently the epicenter of viral ...
The coronavirus recession The big question is no longer whether we're going to have a coronavirus recession, it's how long is it going to be - for it's most certainly going to be deep. We can argue about whether this is all unnecessary - I think so, I think the political reaction has been ...
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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...