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As Fed Potentially Preps Lower Rates Amid Economic Challenges, Direxion Bull & Bear 3X Shares Offer Amplified Trading Opportunities

Benzinga ·  Aug 21 07:58

JPMorgan Chase & Co(NYSE:JPM) andGoldman Sachs Group(NYSE:GS) ranked among the top institutions in the Financial Select Sector Index that have enjoyed a robust recovery following a sharp correction in late July. The Bank of Japan's (BOJ) decision to raise its benchmark interest rate sparked a significant market selloff, in large part due to the unwinding of the popular yen carry trade.

However, the BOJ's subsequent pledge not to raise rates during periods of market instability seems to have helped soothe nerves. In addition, blowout U.S. retail sales relative to economists' expectations suggested that...

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