🔴 Direxion Daily Regional Banks Bull 3X Shares is trading 6.3% down today on lower yields and PMI growth worries

Direxion Daily Regional Banks Bull 3X Shares is trading 6.3% down today as financials weaken with Treasury yields edging down, pressuring banks’ net interest margins.

• Investors are positioning cautiously ahead of the U.S. Manufacturing PMI release, which serves as a key economic health indicator.
• Rising recession concerns are weighing heavily on economically sensitive regional banks and their 3x leveraged counterparts.