MARKET

SPXS

SPXS

Direxion Daily S&P 500® Bear 3X ETF
NYSEARCA
9.42
+0.39
+4.32%
After Hours: 9.48 +0.06 +0.64% 19:59 04/12 EDT
OPEN
9.23
PREV CLOSE
9.03
HIGH
9.51
LOW
9.16
VOLUME
45.06M
TURNOVER
0
52 WEEK HIGH
18.62
52 WEEK LOW
8.65
TOTAL ASSET
652.37M
YTD YIELD
-44.54%
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 · 12h 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
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
Flash Insights: March Inflation - Yet Another Reason To Delay Easing
US headline and core Consumer Price Index topped expectations - both rising 0.4%. Transportation, medical and other personal services largely drove the rise. Core goods CPI turned negative once again - down 0.2% m/m. On a six-month annualized basis, core CPI is now near 4%, while supercore CPI is above 6%.
Seeking Alpha · 2d ago
More
Profile
Fund Name
Direxion Daily S&P 500® Bear 3X ETF
Inception Date
2008-11-05
Benchmark
S&P 500 TR USD
Advisor Company
Rafferty Asset Management LLC
Custodian
Bank of New York Mellon
Manager
Tony Ng, Paul Brigandi