• Dozen Day Jobs – The National Longitudinal Survey of Youth 1979 found that individuals born between 1957 and 1964 held an average of 12.9 jobs from ages 18 to 58. Similarly, over 40% of these jobs were held from ages 18 to 24 (source: U.S. Bureau of Labor Statistics).
  • Innovative Investment – JPMorgan Asset Management is investing $500 million into Numerai, which offers a crowdsourced AI model to trade stocks. Numerai users stake their predictions using tokens. Users with correct predictions earn more tokens, while incorrect predictions result in lost tokens (source: Bloomberg).
  • More Manufacturing – In August 2025, the U.S. Manufacturing PMI rose to 53.3, up from 49.8 in July 2025. The August 2025 number was the highest reading since May 2022 (source: Trading Economics).
  • In Low Spirits – Spirit Airlines has filed for its second round of bankruptcy protection after its previous reorganization failed. In Q2 2025, Spirit Airlines reported a $246 million loss, prompting a $275 million credit borrowing (source: Reuters).
  • Grainy Growth – The U.S. Bureau of Labor Statistics projects that the economy will add 5.2 million jobs between 2024 and 2034, which is a 3.1% growth rate. Between 2014 and 2024, jobs grew at a rate of 13%. The healthcare and social assistance sectors are projected to have the largest growth (source: U.S. Bureau of Labor Statistics).
  • Surging Silver – The price of silver rose above $40 per ounce at the end of August 2025, which is the highest level since September 2011 (source: Reuters).
  • Positive Personal Income – Personal income increased by $112.3 billion in July 2025, which is a 0.4% increase from June 2025. The main factor increasing personal income in July 2025 was an increase in compensation (source: U.S. Bureau of Economic Analysis).
  • Voicing Vaccine Differences – For the first time in 30 years, the Centers for Disease Control and Prevention (CDC) and the American Academy of Pediatrics (AAP) have disagreed on vaccine guidance. The CDC is no longer recommending the COVID shot for healthy children, while the AAP says all children under the age of two should receive the vaccine (source: PBS).
  • Crossing Craze – The number of unauthorized immigrants in the U.S. reached 14 million in 2023, following 10.5 million in 2021 and 11.8 million in 2022. The 3.5 million increase over two years is the biggest increase on record (source: Pew Research Center).
  • Packer Pay Day – Micah Parsons was traded to the Green Bay Packers in a four-year, $188 million contract agreement. This deal makes Parsons the highest-paid non-quarterback in NFL history (source: ESPN).

Originally published 9/8/2025

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*Definitions and Indexes

This newsletter is provided for informational purposes only and does not constitute investment advice or a recommendation regarding any specific product or security. Past performance is not indicative of future results. You cannot invest directly in an index. All references to tax or legal matters are provided for informational purposes only. You should consult your legal or tax professional regarding your specific situation. All investing is subject to risk, including possible loss of principal.

For current fund holdings, please click on the related fund links included above.

An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. Click here to obtain a Fund’s prospectus and summary prospectus or call 866-476-7523. A Fund’s prospectus and summary prospectus should be read carefully before investing.

Leveraged and Inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and who actively manage their investments.

Direxion Funds Risks — An investment in the Funds involves risk, including the possible loss of principal. The Funds are non-diversified and include risks associated with concentration risk which results from the Funds’ investments in a particular industry or sector and can increase volatility over time. Active and frequent trading associated with a regular rebalance of a fund can cause the price to fluctuate, therefore impacting its performance compared to other investment vehicles. For other risks including correlation, compounding, market volatility and risks specific to an industry or sector, please read the prospectus.

Direxion Shares ETF Risks — An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration that results from an ETF’s investments in a particular industry, sector or company, which can increase volatility. The leveraged and inverse ETF utilize derivatives, such as futures contracts and swaps which are subject to market risks that may cause their price to fluctuate over time. The leveraged and inverse ETFs do not attempt to, and should not be expected to, provide returns which are a multiple of the return of their respective index or underlying security for periods other than a single day. The leveraged and inverse ETFs may also subject to leverage, correlation, daily compounding, market volatility and risks specific to an industry, sector or company. The non-leveraged ETFs are subject to certain risks, including imperfect index correlation and market price variance, which may decrease performance. The non-leveraged ETFs may invest in a relatively small number of issuers and, as a result, be subject to greater risk of loss with respect to its portfolio securities. The non-leveraged ETFs may experience greater fluctuation in its net asset value as compared to other investments. The non-leveraged ETFs may be appropriate for investors with a long-term investment time horizon, who primarily seek capital growth, and who are able to tolerate periods of prolonged price declines. Please read each ETF’s prospectus for a more complete description of the investment risks. There is no guarantee that an ETF will achieve its investment objective.

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