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Direxion Daily S&P 500 Bull 3x Shares

SPXL provides daily leveraged exposure to a market-cap-weighted index of 500 large-cap and mid-cap US companies selected by the S&P Committee.

The Direxion Daily S&P500 Bull 3X Shares is a leveraged ETF that could set investors up for knock-out risk due to its composition and structure. The concentration of the S&P 500's top holdings, particularly in the tech sector, poses a risk of magnified losses for SPXL in a highly concentrated market. The daily reset mechanism and leveraged nature of SPXL can lead to significant volatility and rapid drawdowns in value, especially if the top holdings face downturns.

SPXL: Unique Concentration Risk

Direxion Daily S&P 500 Bear 3x Shares

Geopolitical factors and higher-for-longer interest rates have taken the steam out of 2023's equities rally the past few months. But the recent rate pause could clear the path for gains in the S&P 500 for the remainder of the year.

Fed Rate Pause Could Clear Path for Further S&P 500 Gains

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US equity markets remain near all-time highs despite mounting valuation and interest rate headwinds. Short interest in the SPDR® S&P 500 ETF Trust has fallen to its lowest level in decades, indicating widespread complacency.

SPY: The Calm Before The Storm

The SPDR S&P 500 SPY closed 0.55% higher on Monday after opening the trading session slightly lower with an inside bar pattern.

Stock Market Pops Higher Ahead Of Big Retail Earnings Week: This Fund Offers A Return Of 300% - Direxion Daily S&P 500 Bull 3X Shares (ARCA:SPXL)

Investor optimism could be taking a hit as recession fears are still swirling about in the capital markets. This could be contributing to a slow start in August, which is historically a tepid market month.

Investor Optimism Takes a Hit to Start August

SPXL is an ETF aiming to deliver 3 times the daily performance of the S&P 500 index through swaps and futures. The fund is highly volatile and not suitable for risk-averse investors, but may be useful for those with a short-term bullish market bias. However, SPXL can also be considered by some for long-term investing with the potential of market-beating returns. It's critical to make note of potential risks, however.

SPXL: Long-Term Potential But Tread Carefully

SPDR S&P 500 ETF Trust

The SPDR S&P 500 SPY was edging higher Thursday despite the Federal Reserve reinstating its rate hike campaign, which the market had priced in leading up to the event.

The SPY Flies Higher After Fed Reinstates Rate Hike Campaign: This Fund Offers 3X Leverage To Play The Upside - Direxion Daily S&P 500 Bull 3X Shares (ARCA:SPXL)

Direxion Daily Technology Bull 3x Shares

Direxion Daily S&P 500 Bull 2x Shares

The impetus for a continued market rally through the second half of 2023 could be playing out as dissipating inflation fears could propel bullish leveraged exchange traded funds (ETFs) further.

Dissipating Inflation Fears Can Propel These ETFs Further

Leveraged ETFs, such as UPRO and SPXL, are potentially valuable tools for portfolio construction, offering the ability to multiply daily S&P 500 gains by 3. The alphas of these funds fluctuate over time, closely tracking interest rates, due to borrowing used to generate leverage. High interest rates can cause a major drag on leveraged ETFs, e.g. 10x the magnitude of their expense ratios in 2023.

SPXL And UPRO: Interest Rate-Dependent Drag On Leveraged ETFs

History says the S&P 500 index could soar 10.9% in the second half of the year. Warren Buffett believes most investors would benefit from periodically purchasing an S&P 500 index fund.

History Says the S&P 500 Could Soar in the Second Half of 2023 -- Take Warren Buffett's Investing Advice

The S&P 500 has risen on the final day of trading before the holiday in 67 of the last 95 years, according to Dow Jones Market Data.

The S&P 500 Could Jump Ahead of the Fourth of July. Here's Why.

SPDR Portfolio S&P 500 High Dividend ETF

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ProShares UltraPro Short QQQ

In the 22 instances since 1950 when this has happened, the median return of the broader market for the second half of the year is 8% with an 82% win ratio, per Fundstrat's data, as quoted on MarketWatch.

Is Wall Street Primed for Solid 2H Gains? ETFs in Focus

Direxion Daily AAPL Bull 1.5X Shares

With the help of Apple gaining almost 50% this year, the Direxion Daily AAPL Bull 1.5X (AAPU) has risen over 70% thanks to the extra 50% leverage inherent in the fund. Apple's strength is also a byproduct of a broader rally in big tech.

This ETF Is the Apple of Every Bullish Trader's Eye

With every bullish argument, there's usually a bearish counter. Per a Bloomberg report, Goldman Sachs and Morgan Stanley are at odds on which direction the S&P 500 will take.

Wall Street Bulls and Bears Collide on Direction of S&P 500

The SPDR S&P 500 SPY was edging higher Wednesday, amid the countdown to the Federal Reserve's decision on interest rates.

SPY Climbs Higher In Lead Up To Fed Decision: This ETF Offers 3X Leverage To Upside - Direxion Daily S&P 500 Bull 3X Shares (ARCA:SPXL)

ProShares UltraShort S&P500

ProShares Short S&P500

Direxion Daily S&P 500 Bear 1X Shares

ProShares UltraPro Short S&P500

While the S&P500 is heading toward a bull market, following a 19.7% rally from the October 2022 lows, traders have raised their bearish bets on the index.

S&P 500 in Tug of War Between Bulls and Bears: ETFs in Play

Though the latest Wall Street rally in narrow in nature, a run of strong economic data, such as an upbeat labor market, easing inflation, steady interest rates, and decent personal income, create a positive backdrop.

Will S&P 500 ETFs to Slump Ahead Except the Super Seven?

By Jeremy Schwartz, CFA Global Chief Investment Officer Follow Jeremy Schwartz @JeremyDSchwartz There is an important factor impacting the earnings of S&P 500 companies that also carries implications for potential diversification when investing abroad. Many believe a good reason to invest outside the U.S. is to obtain foreign currency exposure as an attractive diversifier.

A Surprise Influence in S&P 500 Earnings? The Dollar

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Bank of America recently raised its 2023 price target for the S&P 500 to 4,300 and to 4,600 in a bullish case scenario.

Is a Further 10% Rally in S&P 500 ETFs Possible?

Sometimes a metric can portend to a contrarian view as opposed to confirming a trend. That's the case with the IG Client Sentiment (IGCS), which could suggest that retail traders are ready to continue increasing bullish bets on the S&P 500.

Bullish S&P 500 Bets On Rise, Thanks To Retail Traders

Federal Reserve interest rate policy and recession fears will continue to remain key risks for volatility, but other unforeseen events like the recent banking crises could keep investors on edge. As such, lingering volatility could spell opportunities in leveraged exchange traded funds (ETFs), particularly those that focus on the S&P 500.

Lingering Volatility Could Keep These 4 ETFs in Play

The SPDR S&P 500 SPY gapped up about 0.7% higher on Wednesday, confirming a new daily uptrend after headline consumer price index data came in under economist estimates.

Looking To Play The SPY Bullishly Following CPI Data? This ETF Offers 3X Leverage

Stock futures on Friday point to Wall Street snapping a four-day losing streak, helped by strength in Apple shares after the tech giant's results — though doubtless the nonfarm payrolls report will have something to say about this.

The S&P 500 will not break above its range soon, says Goldman Sachs. Here are 6 reasons why.

The SPDR S&P 500 SPY gapped down to open Monday's trading session, when the market ETF ran into a group of buyers who caused the SPY to climb from its low-of-day to erase its earlier loss.

Looking To Trade The S&P 500 During This Earnings Season? 2 Alternative ETFs Offer 3X Leverage

The last time it was above 4200 was in August. Since then, the index has seen brief rallies toward that level, only to see sellers come in to knock it lower.

News for Direxion Daily S&P 500 Bull 3x Shares ETF (SPXL)