|Bid||41.65 x 1300|
|Ask||41.65 x 1100|
|Day's Range||41.02 - 42.27|
|52 Week Range||36.82 - 55.95|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||3.09|
|Expense Ratio (net)||1.01%|
Next week is shortened trading week due to the arrival of the Thanksgiving holiday on Thursday, Nov. 22. The Direxion Daily S&P500 Bull 3X ETF (SPXL) and the Direxion Daily S&P 500 Bull 2X ETF (SPUU) could play roles in playing those opportunities. SPXL attempts to deliver triple the daily returns of the S&P 500 while SPUU looks to deliver double the daily returns of that index.
With the U.S. capital markets moving in anticipation of the 2018 midterm elections on November 6, a post-election rally could be imminent given recent historical data, which could benefit the Direxion Daily S&P500 Bull 3X ETF (SPXL) and the Direxion Daily S&P 500 Bull 2X ETF (SPUU) . Things weren’t much better for the S&P 500, which followed the Nasdaq into correction territory and fell by 7% in October–its worst month since September 2011. The Dow Jones Industrial Average fell 1,300 points or 5%, which hasn’t happened since January 2016. Investors were rocked by copious amounts of volatility after a decade-long bull run that has seen the growth fueled by FANG (Facebook, Amazon Netflix, Google) stocks dwindle as the technology sector fell into correction territory.
Could These Sectors Be an Opportunity into the Fall? As summer winds down, what sectors (other than technology) are interesting? As of August 14, the S&P 500 is up almost 6% year-to-date with the tech-heavy NASDAQ up almost 14%, and the NYSE FANG Index is still up 27% on the year.
As the U.S. bull market becomes the longest on record since World War II by avoiding 20% or more decline, investors are now more confident on the health of the American economy. Leveraged funds provide multiple exposure (i.e 2x or 3x) to the daily performance of the underlying index by employing various investment strategies such as swaps, futures contracts and other derivative instruments.
After months of a volatile ride, the U.S. stock market is back on track with the S&P 500 extending its consecutive five-week rally. This is primarily thanks to a strong second-quarter earnings season and bouts of upbeat data that fueled optimism in the U.S. economy and offset the concerns over global trade. Per Factset, the S&P 500 earnings beat is on pace to be the highest beat rate since it began tracking the metric in 2008.
Yee-haw! If you’re a Cowboy-type investor, then you’re probably looking to ride this crazy bull market till you get tossed. That’s my ridiculous way of saying that this bull market continues to blaze along, despite it being very long in the tooth. It is the second most expensive market in history, and is about 30% overvalued.