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By Jill Mislinski Six of eight indexes on our world watch list posted losses through August 31, 2020. The top performer is China's Shanghai with a gain of 11.33%. Our own S&P 500 is in second with a gain of 8.34% and in third is Tokyo's Nikkei 225 with a loss of 2.18%. Coming in last i...
From Ed Yardeni's blog on Tuesday, 8/25: "(1) GDPNow model tracking at 25.6% for Q2. (2) Citi's economic surprise index remains surprisingly strong. (3) US flash PMIs flashier than the ones for the Eurozone. (4) NY and Philly business surveys were solid in August. (5) Leading indicators lea...
During the past couple of months, I discussed why the 35% decline in March was only a " correction" and not a " bear market." Technically speaking, margin debt also confirms the bull market remains intact. However, therein also lies the risk of the next correction. As noted previously in "...
My favorite month (August) is almost over and changes of autumn are already in the air. I hope each of you is having a wonderful summer! Current Market Conditions I will keep this month's update relatively brief, as not much has changed from an economic/investment perspective since the end...
Political Calculations' initial estimate of median household income in July 2020 is $65,672 , a decrease of 0.2% from June 2020's initial estimate of $65,778. The change reflects a continuation of the downturn in wage and salary income that resulted from the combined economic effects of the...
The S&P 500's August return is the best August return since 1984 (per CNBC, and per Ryan Detrick) so even seasonal trading patterns are taking a back seat to the overwhelming liquidity and the improvement in corporate credit spreads since April, 2020. Here's a quick update on the S&...
August marked the fifth consecutive rally since the two down months of February and March, and the party continued today as the market is clearly getting Powell’s “inflation running hot” message, Tony Greer, editor of The Morning Navigator, told Real Vision during t...
Citing inability to attract sufficient investment assets, Direxion announces liquidation and closing the funds. Direxion Russell Large Over Small Cap ETF (NYSEARCA: RWLS ) , Direxion Russell Small Over Large Cap ETF (NYSEARCA: RWSL ) , Direxion MSCI USA Cyclicals Over Defensives ETF (NYSE...
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...
“Traders are riding momentum in everything.” So writes Amrith Ramkumar in the Wall Street Journal . “You don’t want to fight the Fed, the world’s central banks or the world’s governments,” says Thomas Martin, senior portfolio manager at ...
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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...