Direxion Daily S&P 500 Bear 3X Shares ETF Stock Discussion

Retails sales went up by 1% in July. This is way higher than the estimate of 0.3%. This indicates that that economy is still resilient.
In addition, weekly jobless claims fell, which gives investors some confidence that the unemployment rate isn’t that bad.
These 2 days came after 2 soft inflation reports.
Market looks happy. Market rallies
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$Direxion Daily S&P 500 Bear 3X Shares ETF (SPXS.US)$ I'm loading up...catch yall on the flipside!

Both Nasdaq and S&P500 have been moving in a tight range for the last 2 weeks. Seems like we are lacking catalyst to push the market to another all time high. Likewise, there is not much negative news for a big pullback.
This month’s Fomc meeting could be the catalyst.
$Palantir (PLTR.US)$ $Disney (DIS.US)$ $Enphase Energy (ENPH.US)$   $Alphabet-A (GOOGL.US)$ $Amazon (AMZN.US)$ $Morgan Stanley (MS.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (META.US)$ $CrowdStrike (CRWD.US)$ $DocuSign (DOCU.US)$ $Hewlett Packard Enterprise (HPE.US)$ $Intel (INTC.US)$ $USD (USDindex.FX)$ $XPeng (XPEV.US)$ $DiDi Global Inc (DIDIY.US)$ $Direxion Daily S&P 500 Bear 3X Shares ETF (SPXS.US)$

$Direxion Daily S&P 500 Bear 3X Shares ETF (SPXS.US)$ weak

I have lost count of number of record closing price for S&P500 this year. It’s seems like we are at the very beginning of this AI boom and revolution. Whenever there is a decline, AI dip buyers will step in.
Do you believe in this AI wave?
$ProShares UltraPro Short S&P500 ETF (SPXU.US)$ $Coca-Cola (KO.US)$ $Direxion Daily S&P 500 Bear 3X Shares ETF (SPXS.US)$ $FuboTV (FUBO.US)$ $Riot Platforms (RIOT.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Bank of America (BAC.US)$ $Super Micro Computer (SMCI.US)$  ...