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The volatile swings in crude oil last week sent investor sentiment sharply lower, with only 24.86% of investors reporting as bullish, which was the lowest level of bullish sentiment since the COVID-19 outbreak began. With things calming down in the days since and with equities continuing to gr...
We've just entered the heart of earnings season, and it's during this time that I typically like to take a look at a wide variety of stocks and how their valuations compare with their fundamentals. One of my favorite ways to do this is to simply compare a stock's price-to-sales metric with its...
The SPDR S&P 500 Trust ETF ( SPY ) and the SPDR Biotech ETF ( XBI ) are attractive investment tools for a passive investment. We believe that the US stock market will attract more investors in the medium and long term. Moreover, it can provide a better opportunity in 2020 than it did a yea...
Markets can go three ways - up, down, or sideways. Currently, we’re seeing a lot of discussion about the daily ups and downs, and whether the market will continue to go up or will go down and retest lows. Volatility in the market remains high, as well as expectations of future direction...
For several years before February 2020, I read about how US households had been in good shape financially. Debt, measured in nominal terms, climbed past 2008 levels a couple of years ago (see graph below). However, experts often brought up two data points to support the argument that consume...
Never has one letter of the alphabet been such a hot topic of conversation. That letter - V - has become the proxy for how some describe the shape of the economic recovery as businesses begin to reopen here in the U.S. and on a global scale, and as the public health threat of COVID-19 rece...
By Robert Hughes The Consumer Confidence Index from The Conference Board fell sharply again in April, dropping 31.9 points to 86.9, the lowest level since June 2014. The index is constructed so that it equals 100 in 1985 (see top chart). The drop was driven by the present situation compo...
The FOMC is set to meet on Wednesday, April 29, for its Fed Funds interest rate decision. There shouldn't be any surprises, as the consensus and implied market probability all but assure they'll hold the policy rate at 0% following the two emergency rate cuts last month. That being said, the...
The S&P 500 continues to defy gravity in the upside down market the Fed has wrought, closing the trading week ending on 24 April 2020 at 2,836.74, 599.34 points (21.1%) above its 23 March 2020 coronavirus recession low, and 549.10 points (16.2%) below its 19 February 2020 pre-co...
"We have the British motor industry as a role model for what happens when you try to save an industrial dinosaur. Britain was the first country to industrialize and the first to de-industrialize. We should learn from this." - P. J. O'Rourke The 5.4% fall in industrial production and the ...
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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...