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Headlines, in a way, are what mislead you because bad news is a headline, and gradual improvement is not. - Bill Gates In April 2020, the ISM Non-Manufacturing Index crashed to 41.8% , a number that is 10.7% lower than the March 2020 number of 52.5%. What is more disturbing is that it r...
Good morning, and welcome to a week where earnings season is winding down and the 2020 NFL schedule has been set. It is important not to confuse the season’s punctuality with an optimistic forecast on the virus. The league is ultimately a business, and two of the 32 owners have brand-ne...
The fiscal and monetary responses to the "coronavirus" created a surge in savings. While many hope those savings will go back to work, the "savings mirage" won't save the economy. In recent weeks, there has been a good bit of chatter about the surge in the "savings rate." The rate has ...
Kim Parlee talks with Beata Caranci, Chief Economist, TD Bank Group, about the impact of the COVID-19 pandemic on global economies, the trajectory of the recovery for Canada and the U.S., and the generational impact on millennials. Original Read more ...
Sentiment in the US equity market continues to look on the bright side. Despite dismal economic numbers, which are set to become even grimmer, the collective wisdom of investors appears to be betting on a strong rebound in the near future. The S&P 500 Index recently suffered its steepest...
The economic calendar is a normal one and is beginning to include data from after the start of the crisis. This week includes small business and consumer sentiment surveys, as well as April data for retail sales and industrial production. I will also be watching jobless claims, both new and co...
There is a growing awareness of the debt burden that exists, and this is being reflected by more and more analysts. Balance sheets are largely dominating income statements in the minds of investors. Despite early efforts to contain costs, once-unthinkable collapses in corporate revenues hav...
Initial jobless claims fell for a fifth consecutive week, down from 3.839 million last week to 3.169 million this week. While that is still extremely high by historical standards, it is the lowest print since jobless claims starting printing more than a million in late March. In other words, a...
Investing across the cycle requires a firm grasp of the fundamentals, and perhaps nothing is more fundamental than the flow of money and credit. Indeed, the current economic shock facing the world can be boiled down to a simple one-liner: we are currently in the middle of a liquidity crisis,...
A favorable characteristic of the S&P 500 Dividend Aristocrats is this basket of stocks generally holds up better in broader market pullbacks as seen in the below table. Where the entire row is highlighted, it represents a significant market pullback and the Aristocrats outperformed the S&...
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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...