Direxion Daily Regional Banks Bull 3X Shares is trading 3.4% down today as investors position cautiously ahead of the 10:00 AM Manufacturing PMI release and weigh the impact of lower Treasury yields.
- Lingering concerns regarding banks’ net interest margins and recessionary signals in parts of North America are weighing heavily on rate-sensitive financials.
- The leveraged bull play is underperforming early in the session as the regional banking sector struggles despite relatively flat movement in broad equity indices.