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Positive retail numbers and strong stock market performance suggest that last week’s selloff was a blip and that people are feeling positive about the prospect of recovery, Ed Harrison said during today’s Real Vision Daily Briefing. He said we’re back in bullish m...
We miss the old days when the amplification factor for the S&P 500 was virtually a constant. Because if it was still a constant, the 5.9% plunge in the S&P 500 would be easy to understand as a Lévy Flight , a sudden large change in value following a series of much sma...
Subscribe to the Wall Street Breakfast Podcast on: Seeking Alpha Apple Podcasts Stitcher Spotify We are debuting a new series on Seeking Alpha. A panel of our editors reviews the market action every Friday afternoon to break down what happened and what ...
Russ discusses why consumption has held up, and how the pandemic has accelerated long-term trends. It is hard to imagine a more rapid, devastating and pervasive blow to U.S. households than the pandemic. Abruptly shutting most economic activity has led to a record high unemployment rate. I...
By Gene Podkaminer, CFA, Head of Multi-Asset Research Strategies, Franklin Templeton Multi-Asset Solutions, and Wylie Tollette, Head of Client Investment Solutions, Franklin Templeton Multi-Asset Solutions Franklin Templeton Multi-Asset Solutions' Gene Podkaminer and Wylie Tollette put ma...
The New Normal Another crazy week comes and goes and thing that has really stuck with me is how normal the extraordinary suddenly seems. On Thursday, the Dow fell almost 7% and, sure, it was newsworthy but it wasn't shocking. This is the 22nd biggest ever drop in the index - going back more ...
"There is a 'Great Divide' happening between the near 'depressionary' economy versus a surging bull market in stocks. Given the relationship between the two, they both can't be right." - May 12th. The optimistic view currently is that stocks have it right. Such was a point made in a rece...
Financial crisis erupted in March. The Fed slashed rates at an emergency meeting on March 3rd - and then began aggressively expanding its holdings/balance sheet (creating market liquidity). Even from a "flow of funds" perspective, it was one extraordinary quarter. Total Non-Financial Debt ((...
No holding back. The U.S. Federal Reserve completed its latest Open Market Committee meeting on Wednesday. Virtually everything Chair Powell stated during his post-meeting press conference was widely expected and already known. This included the Fed’s explicit indifference to high ass...
On Wednesday, Treasury released budget stats for the month of May '20, and they were, as expected, godawful. A simple virus, potentiated by aggressive shutdown mandates, has caused government spending to explode and revenues to crater. Measured on a rolling 12-month basis, the federal deficit ...
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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...