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Refinitiv disclosed a glitch in the S&P 500 calendar year EPS data for 2021-2023 impacting data during the week of July 30, 2021, and then corrected it during the week of August 6th, 2021. You could make the case – and I think we’d all agree – that the S&P...
Blended earnings growth this quarter is currently 93.1%, the highest since 2009 Q4. FAAMG stocks as defined by Facebook, Amazon, Apple, Microsoft, and Alphabet also continued to deliver robust earnings vs. analyst expectations. For the FTSE Russell 1000 index, the 21Q2 earnings be...
Sideways markets happen not because the stock market gods play an unkind joke on gullible humans, but because of human emotions. Historically, sideways markets have always followed secular bull markets. At the end of secular bull markets, stocks become very expensive - their valuation...
Hawkish soundbites and positive economic news dominate for the US, despite global growth concerns. Officials talking about tapering within a few months should help focus minds at the long end of the curve, despite a supportive technical backdrop for bonds. A glut of cash remains i...
The latest Jobs Report was huge figure after huge figure. The unemployment rate collapsed to 5.4%, and the US economy added almost a million jobs. Truly great numbers across the board. The really interesting thing about this report is the unemployment rate, because that’s the f...
The U.S. is passing the baton in leading the economic restart to other developed markets; but we see fresh challenges in many emerging markets. Better-than-expected U.S. jobs data drove U.S. 10-year bond yields to the highest level in two weeks. U.S. stocks hit record highs. China...
If the sell-side’s overall pessimism continues and the actual results beat the estimates to the degree that has been happening since Q2 ’20, then that bodes well for Q3 and Q4 ’21. The stock market is a discounting mechanism, so there could be a case made for the ...
Market valuations are elevated, but that does not make markets go down. The only thing that can stop this market now is a lack of liquidity and the Fed withdrawing support. The Fed has already enacted the reverse repo, which has drained $1 trillion out of markets. That’s the st...
The New Normal looks a lot like the Old Normal in that it is unknown and ever changing. All we can do is observe the present with clear eyes. For now, the economic outlook is still pretty good. It isn’t the boom everyone was expecting a few months ago, and it probably wonȁ...
Record market highs we are experiencing relate more to capitalization-weighted indices than strength in the average stock composing those indices. Tear apart the numbers, and the results show we have been in a significant downturn in the simple average stock since February 2021. "...
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Direxion S&P 500 High minus Low Quality ETF Company Name:
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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...