Direxion Daily Technology Bull 3X ETF
Here’s how Direxion ETFs can help you cut your losses and generate alpha. Take a closer look at the S&P 500 and key indicators from the first half of 2019.
The technology sector, which usually drives the performance of the US stock market, also slowed down last year and declined 3.08%.
Is the rally in January a sign of things to come in 2019, or will we face another significant sell-off like in 2018?
After an incredibly smooth ride last year, technology and semiconductor stocks are encountering a lot of turbulence this year.
The information technology sector shined last year. A rapid increase in tech stocks and earnings growth contributed to the bull run.
Most investors are well aware of how fabulous tech stocks have been this year. As mentioned, the tech-heavy NASDAQ is up over 25%, while the Philadelphia Semiconductor Index, or SOX, is up over 37% this year.
The difference between trailing and forward PE ratios suggests that technology, telecom, healthcare, and materials could likely see robust earnings growth.
Company & Industry Overviews
President Trump’s proposal to spend heavily on infrastructure could have significant implications on the materials and industrials sectors.