$Direxion Daily Regional Banks Bull 3X Shares ETF (DPST.US)$...

Biden put in over a trillion dollars worth of regulations for financial companies Trump is going to eliminate them with an executive order.

banks will benefit even with interest rates heading higher.

there are some headwinds facing Banks.

number one regionals in particular make a lot of money from refinancing a lot of money with interest rates on the 30 year at 7% right around there there's not a lot of refinancing taking place number one number two Banks also make a lot of money on new home purchases same thing with interest rates stuck where they are and actually trending up and all you have to do is look at the 10-year there's not a lot of new home purchases being done you've had home builders announced lackluster for guidance and that's why their stocks really got crucified in the past couple of weeks and the ETF nail and a i l which holds a lot of home builders also got hammered, no pun intended.

the last headwind that's hanging over Banks is they really need rates to go down to refinance this trillion dollars worth of commercial loans that are sitting on their books at significant losses because the value of those properties have not been what's called Mark the market since the loans were issued years ago prior to covid. you have commercial properties that are $100 million that are worth 20 million just as an example.

so those are the headwinds in front of banks the tail winds are Trump removing all these regulations they will benefit.

so the downside on this ETF is about $10 that's where I think it could go maybe near term if we have a an event let's call it something this week that happens that's really bad.

the upside next year and this may be after the first quarter middle is second quarter so maybe May (ish) I think we could see 150..