Direxion Daily Financial Bull 3x Shares
Latest Direxion Daily Financial Bull 3x Shares News and Updates
What Helped the Financial Sector in 2017?
Interestingly for all the talk about financials this year, the S&P 500 GICS Level 1 Financial Sector is only up 19% vs. 17%+ for the S&P500 as a whole.
How Did Markets Fare in the Summer of 2017?
Summer months have a tendency to be unfavorable for the stock market. Empirical evidence has shown that average returns for the S&P 500 are negative during summer months.
Does the Financials Sector Sweat the Summer More?
The big winner since the US elections has been the financial sector, which is up 14% as of May 8, 2017.
Financials Have Soared, Mostly Due to Trump’s Promises
The financial sector has performed the best since the elections. Higher interest rates are likely to improve banks’ margins going forward.
How Trump’s Proposed Policies Have Caused Sector Divergence
Despite the stellar run that financials (FAS) have had since the US elections in November 2016, financials are trading at very reasonable levels.
How the Removal of Dodd-Frank Could Affect Banks
While the Dodd-Frank Act was passed to avoid another financial crisis, it has crippled banks’ profitabilities over the years due to higher capital requirements.
Why Financials Have Soared since Trump’s Election
The dismantling of Dodd-Frank regulations for banks should improve their profitabilities, which explains why their stocks have soared since Trump’s win.