MARKET

SPUU

SPUU

Direxion Daily S&P 500® Bull 2X ETF
NYSEARCA
117.20
-3.47
-2.88%
After Hours: 117.27 +0.07 +0.06% 16:24 04/12 EDT
OPEN
119.08
PREV CLOSE
120.67
HIGH
119.29
LOW
116.55
VOLUME
25.10K
TURNOVER
0
52 WEEK HIGH
123.88
52 WEEK LOW
76.66
TOTAL ASSET
144.47M
YTD YIELD
49.35%
1D
5D
1M
3M
1Y
5Y
A Black Swan In Plain Sight: The 10-Year Treasury Yield To 6%
Treasury yields are near 20-year highs, with implications for housing, autos, banks, tech, and the stock market. We could easily reach 6% for 10-year Treasury yields, 9% for mortgages, and 8% for car loans in 2024. This is a potential black swan for markets expecting a return to ultra-easy monetary policy.
Seeking Alpha · 2h ago
A Stronger Dollar May Drive The S&P 500 Much Lower
Stronger dollar will affect financial conditions, earnings estimates for multinational companies, and lead to a contraction in the S&P 500's PE ratio. US CPI report and ECB policy meeting highlight divergent paths for the Fed and ECB, driving further dollar strength. Widening spreads between central banks and interest rates could send the euro lower and impact other currency pairs.
Seeking Alpha · 13h ago
U.S. Resilience Scuppers The Case For Early Rate Cuts
US economy continues to grow strongly, but inflation is running too high for comfort. Inflation is still higher than the Fed's 2% target. Business surveys suggest the economy is weaker than reported by official data. Ongoing strength means a June rate cut looks unlikely for the U.S.
Seeking Alpha · 1d ago
The U.S. Economy In Peril: Part 2 - Inflation
Inflation concerns and hotter-than-expected inflation data are reducing the outlook for rate cuts by the Fed. Wages remain high, adding to inflationary pressures and potentially hurting small businesses. The Fed has no control over spending on "green energy" and other factors that contribute to inflation. The latest CPI report is the third in a row with hotter than expected inflation.
Seeking Alpha · 1d ago
Weekly Commentary: Trouble Brewing In Financial Asset Wonderland
Doug Noland: The Fed's misguided dovish pivot unleashed precariously loose market conditions. He says the market is in the midst of a bubble. He argues that Bubbles can inflate to unimaginable extremes - and then quadruple. Noland says the late-cycle fear of Bubbles is missing out on the reality.
Seeking Alpha · 1d ago
Sideways, With A Splash Of Uncertainty
The S&P 500 established its last record high on the last Thursday in March, right before the long Easter weekend. The market has bounced around in a mostly directionless manner since then. The Q1 earnings season is officially underway as of Friday. The recent decline in stock prices has taken a relatively short-lived effect.
Seeking Alpha · 1d ago
Business Profit Opportunities In The Tight Labor Market
Businesses will profit by evaluating whether labor-intensive activities are valued by the customer. Bill Conerly says the persistent tightness in the labor market will last through 2030. He says some businesses will gain market share and profits in the tight labor market. Businesses can cut their own labor costs more effectively than competitors, he says.
Seeking Alpha · 1d ago
Federal Reserve Policy Rate Path: An Evolving Picture
Strong economic data has led to significant shifts in market expectations for when the Federal Reserve will begin cutting policy rates. Financial market expectations have now shifted from six rate cuts to just two cuts this year. The first rate reduction is now expected to come in September. The Fed continues to expect to cut rates this year, but there is a risk to this forecast.
Seeking Alpha · 1d ago
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Profile
Fund Name
Direxion Daily S&P 500® Bull 2X ETF
Inception Date
2014-05-28
Benchmark
S&P 500 TR USD
Advisor Company
Rafferty Asset Management LLC
Custodian
Bank of New York Mellon
Manager
Tony Ng, Paul Brigandi