$Direxion Daily Utilities Bull 3X Shares (UTSL.US)$ I posted...
$Direxion Daily Utilities Bull 3X Shares (UTSL.US)$ I posted earlier that the maximum upside that I see with this basket going out of year is $44 and moments ago we had a job's number and you have all this data that comes in and you have the expectations from the futures Market where they foresee interest rates being 12 months in advance.
the expectations right now for 12 months from today or 240 basis points cut. this is why I'm saying that this stock basket ETF will not go back to its old highs because we are not going to cut 500 basis points we're cutting a little bit less than half based off of current anticipation. and that will put it I think about 44.
so what does this mean it means that if you haven't bought this a long time ago if you think you've missed it on weakness and we are getting weakness in utilities once a week or so you can buy it it's a boring leveraged ETF but money is flowing into it to chase the yield primarily and secondarily you do have the AI effect that these companies are going to have to expand to supply the power for data centers moving forward so they also have a AI play associated with them
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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