Market Madness: RZLV (Direxion 2X S&P ETF) Soars With Record Highs
U.S. equity markets are buoyant. On Oct 2, the S&P 500 closed around 6,715 reuters.com, Nasdaq near 22,844 reuters.com, and Dow ~46,519. That session saw multiple intraday records. Investors are pricing in Fed policy easing after soft ADP/employment data reuters.com reuters.com, and U.S. Treasury yields dipped. Commodities: Gold hit a new high near $3,895/oz, while oil eased to ~$60-64/barrel. Crucially, the government shutdown appears not to be spooking markets: with no fresh bad data coming out, Wall St. is “blissfully ignorant” of the shutdown’s impact 247wallst.com.
