Direxion Daily S&P 500 Bear 3x Shares ETF
 (SPXS)

- NYSEARCA
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  • Thu, Feb. 4, 7:32 AM
    | Thu, Feb. 4, 7:32 AM | 3 Comments
  • Wed, Feb. 3, 8:02 AM
    • BlackRock (NYSE:BLK) CEO Larry Fink pens an open letter to corporate CEOs here and in Europe urging them to focus on long-term value creation.
    • Echoing many of the points made by a certain presidential candidate, Fink notes S&P 500 dividends last year amounted to the highest proportion of earnings since 2009, and buybacks through the end of Q3 were 27% above year-ago levels. While supporting the return of excess cash to shareholders (they are the owners of the company, after all), Fink asks companies to adopt "balanced capital plans."
    • "We are asking that every CEO lay out for shareholders each year a strategic framework for long-term value creation. Additionally, because boards have a critical role to play in strategic planning, we believe CEOs should explicitly affirm that their boards have reviewed those plans."
    • As for quarterly earnings "hysteria," Fink isn't a fan. While still supporting the reporting of quarterly results, Fink asks companies to do away with forward guidance, and instead focus on demonstrating progress made toward fulfilling strategic plans.
    • Previously: Dimon and Buffett convene secret meetings on promoting long-termism (Feb. 2)
    • ETFs: SPY, SH, SSO, SDS, VOO, IVV, UPRO, SPXU, SPXL, RSP, SPXS, RWL, EPS, VFINX, BXUB, SPLX, SFLA, BXUC, SPUU, LLSP, RYARX
    | Wed, Feb. 3, 8:02 AM | 16 Comments
  • Wed, Feb. 3, 7:21 AM
    | Wed, Feb. 3, 7:21 AM | 22 Comments
  • Fri, Jan. 29, 7:23 AM
    • Proving wily central bankers can always find more bullets, the Bank of Japan overnight adopted negative rates for the first time ever, setting a -0.1% rate on deposits.
    • The Nikkei climbed 2.8%, the yen is lower by 1.8%, and the 10-year JGB yield falls 12 basis points to 0.10%! Memo to D.C.: It's been more than 20 years of massive fiscal and monetary stimulus in Japan and this is where we're at.
    • Shanghai jumped 3.1% and Hong Kong 2.5%.
    • "Been there, done that," says Europe, which is up just under 1% at midday.
    • U.S. stock index futures are up about 0.7% across the board even as Amazon tumbles 11% post-earnings.
    • The big U.S. action is in government bond yields, with the 10-year down five basis points to 1.93%. Gold and oil are little-changed.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, SPXS, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, LLSP, UDPIX, OTPIX, RYARX
    | Fri, Jan. 29, 7:23 AM | 22 Comments
  • Thu, Jan. 28, 7:16 AM
    | Thu, Jan. 28, 7:16 AM | 8 Comments
  • Wed, Jan. 27, 7:26 AM
    • 4.2% post-earnings decline in Apple has Nasdaq 100 (NASDAQ:QQQ) futures lower by 1%, the S&P 500 (NYSEARCA:SPYby 0.6%, and Dow (NYSEARCA:DIA) futures by 0.4%.
    • The FOMC decision is due at 2 ET, and no policy change is expected. The statement will be studied for clues about whether the Fed is backing of its near-promise to hike again in March.
    • Asia closed with gains overnight, and Europe is modestly lower at midday.
    • The 10-year Treasury yield is up one basis point at 2.01%, gold is down $4 per ounce, and oil is lower by 3.2% to $30.45 per barrel.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, SPXS, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, LLSP, UDPIX, OTPIX, RYARX
    | Wed, Jan. 27, 7:26 AM | 23 Comments
  • Tue, Jan. 26, 7:03 AM
    • Western markets are shrugging off a 6.4% dive in Shanghai overnight. Hong Kong fell 2.5% and Tokyo 2.35%.
    • After opening nearly 2% lower, Europe has returned to about flat, and U.S. stock index futures are slightly in the green after being down about 1%.
    • Alongside those reversals is a reversal in black gold, with WTI crude now higher by $0.28 per ounce to $30.60 after nearly falling through $29 earlier.
    • The 10-year Treasury yield is flat at 2% and gold is up $6 per ounce to $1,113.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, SPXS, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, LLSP, UDPIX, OTPIX, RYARX
    | Tue, Jan. 26, 7:03 AM | 19 Comments
  • Mon, Jan. 25, 7:19 AM
    | Mon, Jan. 25, 7:19 AM | 8 Comments
  • Fri, Jan. 22, 7:23 AM
    • Markets are lit up bright green across the globe, led by the Nikkei's 5.9% melt-up on rumors the BOJ is set to launch a fresh round of easing next week.
    • This comes on top of Mario Draghi's strong hint yesterday of boosted stimulus from the ECB, and the PBOC's massive injection of cash into Chinese markets.
    • Shanghai added 1.3% last night and Hong Kong 2.9%. Europe's up nearly 3% at midday.
    • S&P 500 futures are higher by 1.4% and Nasdaq 100 by 1.7%.
    • Crude oil is up $1.41 per barrel to $30.93, gold is flat, and the 10-year Treasury yield is higher by four basis points to 2.07%.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, SPXS, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, LLSP, UDPIX, OTPIX, RYARX
    | Fri, Jan. 22, 7:23 AM | 19 Comments
  • Thu, Jan. 21, 7:15 AM
    | Thu, Jan. 21, 7:15 AM | 14 Comments
  • Wed, Jan. 20, 7:17 AM
    • After a one day respite, markets are heading south again this morning, with Dow and S&P 500 futures lower by 1.8% and Nasdaq 100 by 2%.
    • In earnings news, IBM is sharply lower after Q4 results, and Netflix sharply higher.
    • Oil has fallen to new lows, down $0.88 per barrel to $27.58 (though March is now the front month contract - it's off a similar amount to $28.77).
    • Shanghai fell 1.3% overnight, Hong Kong 3.8%, and the Nikkei 3.7%. Europe's down 3.3% at midday.
    • Gold is in the green by 0.5% to $1,095 per ounce.
    • The 10-year Treasury yield is down a full eight basis points to 1.97%.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, SPXS, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, LLSP, UDPIX, OTPIX, RYARX
    | Wed, Jan. 20, 7:17 AM | 27 Comments
  • Tue, Jan. 19, 7:22 AM
    | Tue, Jan. 19, 7:22 AM | 26 Comments
  • Fri, Jan. 15, 7:26 AM
    | Fri, Jan. 15, 7:26 AM | 32 Comments
  • Thu, Jan. 14, 7:53 AM
    • U.S. futures have been in positive territory for all of the overnight session following yesterday's plunge, and the Dow and S&P 500 are currently up 0.4% and Nasdaq 100 up 0.25%.
    • JPMorgan is up 1.9% after reporting a Q4 earnings beat.
    • Shanghai managed to reverse a sizable opening decline and closed with a 2% gain. The Hang Seng dipped 0.6% and the Nikkei tumbled 2.7%.
    • Europe's down more than 2% at midday.
    • The 10-year Treasury yield is off two basis points at 2.08%, gold is flat, and oil is up $0.40 per barrel to $30.89.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, SPXS, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, LLSP, UDPIX, OTPIX, RYARX
    | Thu, Jan. 14, 7:53 AM | 12 Comments
  • Wed, Jan. 13, 7:11 AM
    | Wed, Jan. 13, 7:11 AM | 11 Comments
  • Wed, Jan. 13, 5:06 AM
    • The SocGen strategist says the West is about to be hit by a wave of deflation from emerging market economies and that central banks were unaware of the disaster about to hit them.
    • “I realize most people think I am talking utter garbage but I’m used to that. And maybe I am! But the truth will come out in the next recession which may be pretty close now,” Edwards says.
    • “The previous bear market low was in March 2009 when the S&P reached 666. I think we’ll go below that within this bear market.
    • “Developments in the global economy will push the U.S. back into recession. The financial crisis will reawaken. It will be every bit as bad as in 2008-09 and it will turn very ugly indeed.
    • “Emerging market currencies are still in freefall. The U.S. corporate sector is being crushed by the appreciation of the dollar.
    • He says the U.S. economy is in far worse shape than the Fed realizes: “We have seen massive credit expansion in the U.S. This is not for real economic activity; it is borrowing to finance share buybacks.”
    • Edwards attacked the “incredible conceit” of central bankers, who had failed to learn the lessons of the housing bubble that led to the financial crisis and slump of 2008-09. “They didn’t understand the system then and they don’t understand how they are screwing up again. Deflation is upon us and the central banks can’t see it.”
    • Note: Edwards's "Ice Age" thesis goes back to Aug. 2008, and was reiterated in Dec. 2009, Sept. 2011, and May 2012.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, SPLV, RSP, SPXS, QID, PRF, SQQQ, QLD, CRF, DOG, DXD, RWL, UDOW, EPS, SDOW, VV, USA, SCHX, DDM, VFINX, IWB, OEF, ZF, SPHB, MGC, SPHQ, BXUB, QQEW, FEX, QQQE, VONE, XLG, JKD, EEH, SPLX, SFLA, BXUC, EQL, QQXT, ROLA, IWL, SPUU, ONEK, EQWL, EWRI, LGLV, ERW, EQAL, FWDD, FMK, ZLRG
    | Wed, Jan. 13, 5:06 AM | 36 Comments
SPXS Description
The Daily S&P 500® Bear 3x Shares ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the S&P 500® Index. There is no guarantee the fund will meet its stated investment objective.
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Country: United States
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