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At least 18 major financial services firms report next week. The 2nd quarter 2021's EPS expected growth rate as of this weekend has risen 20% since 12/31/20. Expected revenue growth has risen from 12% to 18% for Q2 ’21. The “average” y/y revenue growth rate fo...
The Department of Labor’s latest report on jobless claims came in higher than expectations at 373,000, a 2,000 increase from the prior week's revised level. Continuing claims were essentially unchanged at 3.3 million. Getting the economy back to its pre-recession employment...
The S&P 500 has set seven all-time record highs in a row - the longest streak since 1997. Last Friday also brought new highs to the once-struggling NASDAQ and Dow Industrials. For companies in the S&P 500, analysts now expect second-quarter profits to come in 64% better than t...
During much of last quarter, the Atlanta Fed’s GDPNow model indicated an annual rate over 10% for the second quarter, but last Friday, they downgraded their estimate to the lowest number we’ve seen since the quarter began - an annual pace of just 7.8%, down from +8.6% on Jul...
Was the Fed message a shift in reaction function or economic outlook? Heightened rate sensitivity from incoming jobs and economic data. Strap in for a bumpy market this summer. For further details see: Will Interest Rates Rise As Jobs Recover This Summer?
We still see opportunities in the office sector of the global real estate market, but with changing work patterns driving dispersion across assets and locations. U.S. job growth accelerated in June, signaling labor market bottlenecks could be starting to ease. Stocks hit record highs....
Risk-adjusted performance for the Global Market Index (GMI) continued to push higher in June, based on the annualized Sharpe ratio for a rolling ten-year window via monthly data. GMI’s 10-year SR increased to 0.84, the highest in 18 months. GMI is an unmanaged, market-value...
Recent economic data are showing signs of slowing growth. Trends in economic growth are highly correlated with S&P 500 earnings growth rates. The stock market has historically anticipated these slowing growth trends. For further details see: Decelerating Economic Gro...
The S&P 500 roared to new record highs, closing the trading week at 4,352.34, having closed higher on each of its last seven trading days. The alternative futures chart shows the trajectory of the index rising to the top end of the latest redzone forecast range. The economic d...
As we mark the halfway point of the year, the economy is in full recovery mode and asset prices are soaring. As we enter the second half of the year though, it is hard to ignore some contradictions. Economic growth in H1 is going to print a big number, and yet, the 10-year Treasury no...
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Direxion Closing Four ETFs Closures Due to Limited Interest Since Launch PR Newswire NEW YORK , Aug. 20, 2021 /PRNewswire/ -- Due to the their inability to attract sufficient investment assets, the Board of Trustees of the Direxion Shares ETF Trust has d...