NEW YORK, NY / ACCESSWIRE / February 1, 2016 / Direxion Daily Financial Bull 3X ETF (NYSE: FAS) an ETF that seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index, has lost some steam after the Fed statement on Wednesday. The S&P 500 financial sector, which had been up as much as 1.4 per cent on Wednesday, trimmed its advance to just 0.5 per cent. Chris Low, an economist at FTN Financial, said that "this is very much a steady-as-she-goes Fed statement suggesting the FOMC is not yet particularly concerned about global and/or market developments, but that the committee will at least consider these developments in terms of their potential impact on inflation and growth before raising rates."
View the research report with analyst comments on Direxion Daily Financial Bull 3X ETF (NYSE: FAS) please follow the link. There is no cost obligation required to view analyst brief: http://bit.ly/1P49bqf-FAS_ETFREPORT
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