ebnnfnd.info

Summary
SPDN is not the largest or oldest way to short the S&P 500, but it’s a solid choice.
This ETF uses a variety of financial instruments to target a return opposite that of the S&P 500 Index.
SPDN’s 0.49% Expense Ratio is nearly half that of the larger, longer-tenured -1x Inverse S&P 500 ETF.
Details aside, the potential continuation of the equity bear market makes single-inverse ETFs an investment segment investor should be familiar with.
We rate SPDN a Strong Buy because we believe the risks of a continued bear market greatly outweigh the possibility of a quick return to a bull market.
Put a gear stick into R position, (Reverse).
Birdlkportfolio

By Rob Isbitts

Summary
The S&P 500 is in a bear market, and we don’t see a quick-fix. Many investors assume the only way to navigate a potentially long-term bear market is to hide in cash, day-trade or “just hang in there” while the bear takes their retirement nest egg.

The Direxion Daily S&P 500® Bear 1X ETF (NYSEARCA:SPDN) is one of a class of single-inverse ETFs that allow investors to profit from down moves in the stock market.

SPDN is an unleveraged, liquid, low-cost way to either try to hedge an equity portfolio, profit from a decline in the S&P 500, or both. We rate it a Strong Buy, given our concern about the intermediate-term outlook for the global equity market.

Strategy
SPDN keeps it simple. If the S&P 500 goes up by X%, it should go down by X%. The opposite is also expected.

Proprietary ETF Grades
Offense/Defense: Defense

Segment: Inverse Equity

Sub-Segment: Inverse S&P 500

Correlation (vs. S&P 500): Very High (inverse)

Expected Volatility (vs. S&P 500): Similar (but opposite)

Holding Analysis
SPDN does not rely on shorting individual stocks in the S&P 500. Instead, the managers typically use a combination of futures, swaps and other derivative instruments to create a portfolio that consistently aims to deliver the opposite of what the S&P 500 does.

Strengths
SPDN is a fairly “no-frills” way to do what many investors probably wished they could do during the first 9 months of 2022 and in past bear markets: find something that goes up when the “market” goes down. After all, bonds are not the answer they used to be, commodities like gold have, shall we say, lost their luster. And moving to cash creates the issue of making two correct timing decisions, when to get in and when to get out. SPDN and its single-inverse ETF brethren offer a liquid tool to use in a variety of ways, depending on what a particular investor wants to achieve.

Weaknesses
The weakness of any inverse ETF is that it does the opposite of what the market does, when the market goes up. So, even in bear markets when the broader market trend is down, sharp bear market rallies (or any rallies for that matter) in the S&P 500 will cause SPDN to drop as much as the market goes up.

Opportunities
While inverse ETFs have a reputation in some circles as nothing more than day-trading vehicles, our own experience with them is, pardon the pun, exactly the opposite! We encourage investors to try to better-understand single inverse ETFs like SPDN. While traders tend to gravitate to leveraged inverse ETFs (which actually are day-trading tools), we believe that in an extended bear market, SPDN and its ilk could be a game-saver for many portfolios.

Threats
SPDN and most other single inverse ETFs are vulnerable to a sustained rise in the price of the index it aims to deliver the inverse of. But that threat of loss in a rising market means that when an investor considers SPDN, they should also have a game plan for how and when they will deploy this unique portfolio weapon.

Proprietary Technical Ratings
Short-Term Rating (next 3 months): Strong Buy

Long-Term Rating (next 12 months): Buy

Conclusions
ETF Quality Opinion
SPDN does what it aims to do, and has done so for over 6 years now. For a while, it was largely-ignored, given the existence of a similar ETF that has been around much longer. But the more tenured SPDN has become, the more attractive it looks as an alternative.

ETF Investment Opinion

SPDN is rated Strong Buy because the S&P 500 continues to look as vulnerable to further decline. And, while the market bottomed in mid-June, rallied, then waffled since that time, our proprietary macro market indicators all point to much greater risk of a major decline from this level than a fast return to bull market glory. Thus, SPDN is at best a way to exploit and attack the bear, and at worst a hedge on an otherwise equity-laden portfolio.

“One’s destination is never a place, but a new way of seeing things.”-Henry MillerTraveling is simply a brutality of humanity, it is when we travel that we see things for what they truly are and not how we imagined them to be. Traveling also lets our imagination run wild without expectations, it lets us see things from a new perspective, without the alleged prejudice of the world. And while all of this seems to be an adequate reason to travel, many are still naïve to the idea of traveling.But just as many are left in the dark to wonder and wander, some are out there exploring and enjoying what the world has to offer them, for it is in that brief moment of youth that we can truly experience life, as we know it.Now the question of many remains, “Why Should I Travel Young”? Personally, I can give you a hundred, even a thousand reasons why you should travel when you’re young but if you’re desire to see the world begins and ends with your “Wish to See the World” then I’m afraid no amount of reasoning would suffice to convince you to go after what you want.You see, traveling as much as it is a form of recreation is also a commitment, a vocation for some, but ultimately, it is a responsibility. A responsibility you should be willing to take onto yourself. Many people say that the young are lucky to have the health and the wealth to see the world but what they do not realize is that the young are often distracted, deceived and sometimes, deluded.So if you’re one of the young’uns who wish to unearth the world’s greatest places and learn life’s most valuable lessons, but are afraid to make it happen, read along, maybe I can convince you to travel while you still have the gift of youth.
Traveling teaches you a sense of adventure- Don’t quote me on this one but based on my experience, traveling allows you to have as much as fun as you want without having to worry of what other people will say about you. You don’t have your peers or parents to warn you and judge you, so you can be young, wild and free. Life is an adventure and traveling lets you experience that.
Traveling teaches you to be compassionate- Other than the photos, the souvenir and the life-long memory that traveling gives you, it also edifies you of the real situation and teaches you to care for other people, sometimes not of your own kind.
Traveling allows you to be culturally diverse- If you think traveling is all about sight-seeing and marveling at the wonders each country has, then you’re right. But there’s also something more important that traveling teaches us, it allows us to be culturally diverse. Whenever we travel, it is important that we follow the local practices of the country/destination we are going to. As the old saying goes, “Respect begets Respect” If we learn to respect and even appreciate the culture of other nationalities then we become more aware of our own. That’s the mutual benefit we get from traveling.
Traveling makes you more attractive as a person- they say that the most attractive people in the world are those that have seen it. Do you agree? I do. It is because of the invaluable and immeasurable life experiences we have with our travels that make us a better person, and when you feel you’re better, you become more attractive.
When you travel young, you travel more- let’s face it, we’re all bound to grow old and lose our health. But while we’re young and at the peak of everything, it’s best to take advantage of it and start traveling, after all, you’re only allowed until your 30s to hike a mountain or ride the rapids of the river.
Traveling makes it easy to make friends- if back at your hometown you tend to cling to the same group of people bound by a circle of friendship, then maybe you should travel more often. Traveling has been proven as one of the best ways to gain friends and build bonds, after all, you are all strangers to one another at one point but because of your common interest to see the world, you are bound by it as well. And get this; wouldn’t it be nice to have friends in all parts of the world? That would be way cool, way cooler than your friends back home.
Traveling makes you a better storyteller- You might not get this now but when you have kids or grandchildren, you will. Those who travel young have more opportunities to experience everything there is to traveling. With the many countries that you’ve visited and you’ll be traveling to is a story waiting to be told. Traveling gives you things to share over breakfast, lunch or dinner. When you travel, you will never have a hard time thinking of a topic to talk about; not to mention you’ll keep everyone with your story.
Now if for some strange reason, after citing all these reasons why you should travel young and you’re still not convinced; it’s pretty obvious that you have a fear inside you that you’re just trying to hide so everyone won’t think you’re a coward who can’t face it. Is it fear of heights? Fear of the unknown? Fear of being independent? Whatever it is, know that traveling, especially alone, will help you address that fear. You just have to take the big leap of faith and make the first step to make your traveling dreams a reality. You only live once; and you’re only young for a short period of time, if you don’t travel now, when?

US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 1.14%. While S&P 500 was trading at 3,701.66, up by 0.98% and Nasdaq Composite 10,690.60 was also up by 0.71 per cent

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US Markets in green on Friday; Dow 30 up over 345 points, Nasdaq Composite, S&P 500 up nearly 1%
Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. Source: Reuters
US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 345.25 points or1.14 per cent. While S&P 500 was trading at 3,701.66, up by 35.88 points or 0.98 per cent and Nasdaq Composite 10,690.60 was also up 75.75 points or 0.71 per cent. A Reuters report said that today’s strength was on the back of a report which said the Federal Reserve will likely debate on signaling plans for a smaller interest rate hike in December, reversing declines set off by social media firms after Snap Inc’s ad warning.

Source: Comex

Nasdaq Top Gainers and Losers

Source: Nasdaq

Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. The BSE Sensex ended at 59,307.15, up by 104.25 points or 0.18 per cent from the Thursday closing level. Meanwhile, the Nifty50 index closed at 17,590.00, higher by 26.05 points or 0.15 per cent. In the 30-share Sensex, 13 stocks gained while the remaining 17 ended on the losing side. In the 50-stock Nifty50, 21 stocks advanced while 29 declined.