SPDN: An Inexpensive Way To Profit When The S&P 500 Falls

Summary
SPDN is not the largest or oldest way to short the S&P 500, but it’s a solid choice.
This ETF uses a variety of financial instruments to target a return opposite that of the S&P 500 Index.
SPDN’s 0.49% Expense Ratio is nearly half that of the larger, longer-tenured -1x Inverse S&P 500 ETF.
Details aside, the potential continuation of the equity bear market makes single-inverse ETFs an investment segment investor should be familiar with.
We rate SPDN a Strong Buy because we believe the risks of a continued bear market greatly outweigh the possibility of a quick return to a bull market.
Put a gear stick into R position, (Reverse).
Birdlkportfolio

By Rob Isbitts

Summary
The S&P 500 is in a bear market, and we don’t see a quick-fix. Many investors assume the only way to navigate a potentially long-term bear market is to hide in cash, day-trade or “just hang in there” while the bear takes their retirement nest egg.

The Direxion Daily S&P 500® Bear 1X ETF (NYSEARCA:SPDN) is one of a class of single-inverse ETFs that allow investors to profit from down moves in the stock market.

SPDN is an unleveraged, liquid, low-cost way to either try to hedge an equity portfolio, profit from a decline in the S&P 500, or both. We rate it a Strong Buy, given our concern about the intermediate-term outlook for the global equity market.

Strategy
SPDN keeps it simple. If the S&P 500 goes up by X%, it should go down by X%. The opposite is also expected.

Proprietary ETF Grades
Offense/Defense: Defense

Segment: Inverse Equity

Sub-Segment: Inverse S&P 500

Correlation (vs. S&P 500): Very High (inverse)

Expected Volatility (vs. S&P 500): Similar (but opposite)

Holding Analysis
SPDN does not rely on shorting individual stocks in the S&P 500. Instead, the managers typically use a combination of futures, swaps and other derivative instruments to create a portfolio that consistently aims to deliver the opposite of what the S&P 500 does.

Strengths
SPDN is a fairly “no-frills” way to do what many investors probably wished they could do during the first 9 months of 2022 and in past bear markets: find something that goes up when the “market” goes down. After all, bonds are not the answer they used to be, commodities like gold have, shall we say, lost their luster. And moving to cash creates the issue of making two correct timing decisions, when to get in and when to get out. SPDN and its single-inverse ETF brethren offer a liquid tool to use in a variety of ways, depending on what a particular investor wants to achieve.

Weaknesses
The weakness of any inverse ETF is that it does the opposite of what the market does, when the market goes up. So, even in bear markets when the broader market trend is down, sharp bear market rallies (or any rallies for that matter) in the S&P 500 will cause SPDN to drop as much as the market goes up.

Opportunities
While inverse ETFs have a reputation in some circles as nothing more than day-trading vehicles, our own experience with them is, pardon the pun, exactly the opposite! We encourage investors to try to better-understand single inverse ETFs like SPDN. While traders tend to gravitate to leveraged inverse ETFs (which actually are day-trading tools), we believe that in an extended bear market, SPDN and its ilk could be a game-saver for many portfolios.

Threats
SPDN and most other single inverse ETFs are vulnerable to a sustained rise in the price of the index it aims to deliver the inverse of. But that threat of loss in a rising market means that when an investor considers SPDN, they should also have a game plan for how and when they will deploy this unique portfolio weapon.

Proprietary Technical Ratings
Short-Term Rating (next 3 months): Strong Buy

Long-Term Rating (next 12 months): Buy

Conclusions
ETF Quality Opinion
SPDN does what it aims to do, and has done so for over 6 years now. For a while, it was largely-ignored, given the existence of a similar ETF that has been around much longer. But the more tenured SPDN has become, the more attractive it looks as an alternative.

ETF Investment Opinion

SPDN is rated Strong Buy because the S&P 500 continues to look as vulnerable to further decline. And, while the market bottomed in mid-June, rallied, then waffled since that time, our proprietary macro market indicators all point to much greater risk of a major decline from this level than a fast return to bull market glory. Thus, SPDN is at best a way to exploit and attack the bear, and at worst a hedge on an otherwise equity-laden portfolio.

Why is the Shift Toward Online Education Happening?

This paper deals with the question: Why is the shift toward online education happening? This is a complex issue that involves questions of educational access, paradigms for teaching and learning, competition and globalization among universities, the development of new and better online technologies, and the financial pressures facing higher education. A huge transition is underway.The same networking and computing technology that has revolutionized global commerce, and many other facets of modern life, is now being targeted at education. Partnering the Internet with modern course management systems makes it possible for universities to offer online coursework on a global basis. The critical task that lies ahead is to create and disseminate curricula of high quality that students can embrace and educators can sustain. For more details visit to [http://www.guardadsense.com]. The overall objective of José’s Online Education Forum is to examine the realities of college and university online teaching, and the processes of education using today’s information technologies. Collectively, the authors of this paper have taught over a hundred different university-level courses online, both graduate and undergraduate, mostly using the Internet. The issues and insights discussed in this Forum will provide educators with important tools and the understanding needed to effectively embrace the world of online education.1. INTRODUCTION1.1 The Sloan ConsortiumIn a Sloan-C survey of 1170 Provosts and Academic VPs, more than half indicated a belief that online education would be ‘critical for the long-term’ in higher education. Surprisingly perhaps, the same percentage said that they believe success in achieving learning outcomes is already equivalent between online and traditional teaching methods. And there was also a consensus of opinion among these respondents that the quality of online courses would continue to improve, with a third of them believing that online teaching quality will soon surpass the quality typical of conventional teaching. These opinions may be surprising for many of us in the teaching profession, coming as they do from such high level and influential administrators. They signal a fundamental change in perceptions about the potential of online education in the immediate future.1.2 OverviewThe objective in this paper is to investigate and assess why this shift to online education is happening. Several factors can be cited beginning with improvements in access to educational services using online technologies and changing paradigms for teaching and learning that integrate well with these technologies. Other factors include heightened educational competition and globalization, the ongoing and often dramatic improvements in online systems capabilities, and the underlying economics of providing online education versus conventional means. The following sections of this paper explore each of these factors individually.2. ACCESS TO EDUCATION2.1 Access for the MassesThe ability to use information technologies effectively is one aspect of achieving success in today’s society, both for individuals and for organizations as a whole. The current job market requires educated workers who are capable of changing and adapting as business and cultural realities shift and evolve in today’s fast-paced, global economy (Kantar, 2001). Information technology is enabling the development of this kind of economic world structure. For more information logon to [http://www.instant-adsense-dollars.com]. It is also making possible the education of the workforce that this new economy requires by providing new capabilities for teaching and learning online.Online education offers the promise of increased access to high quality education for the masses. Exactly how this is going to occur is not clear yet, but there is no doubt that online education is rapidly becoming an established modality. The development of the modern world economy demands an educated workforce. Places like the three It’s (India, Indonesia, and Ireland) and more recently China, are finding that the need for an educated workforce is overwhelming the capabilities of their traditional educational systems. In America and Western Europe, the same economic and political pressures associated with ‘equality of opportunity’ contribute to demands for equal access to a quality education for all who seek it.

Are You Using the Best Acne Skin Care For Skin Cleansing?

Your skin is your body’s largest organ and so it deserves your utmost attention when it comes to using the best care products and for skin cleansing generally.Many people ignore the fact that the it is your body’s largest organ and do so to their detriment. This is similar to their ignoring dental health when the mouth is so important to avoid the introduction of infection and the like through the mouth. There are a whole variety of skincare products in the massively booming skin care market – and we’re talking men as well as women here.The skin is a vital part of your body’s defense system just as the mouth is (and is therefore so important to maintain dental hygiene too). A healthy and clean skin means a healthy body and can avoid other, much more significant issues both immediately and in the long term.The skin is on 24 hour duty. It keeps infections at bay. It is the first line of defense for bodily attack. It can protect you effectively and when it is looked after properly it can also look good.So why would you not ensure you get the best skin care products to ensure you’re skin is properly placed to look after you and your health?Good skin cleansing and skin care goes beyond the simple task of making sure you don’t smell bad or look dirty when you go out.. Here are some of the things you need to do for proper cleansing to avoid not just acne and other issues, but for overall good skin health:o Take a look at what natural and simple (and inexpensive) skincare products are out there. These will often be on your kitchen shelves! You don’t need to go spending a whole lot of money, which is something you can very easily do in this area, believe me.o Get started! You need to get cracking with your skin cleansing efforts. Don’t put it off like you might with other things because procrastination can lead to contamination (in the case of your skin). Believe me, your skin and body will thank you for getting an early start in this process.o Start looking after your skin every day, just as you would clean your teeth every day. If you adopt a good skin cleansing routine you will make it far easier and more natural and you will also develop great skin.o Be careful of those chemical-laden, harsh skin cleansers that can add more to your body than they take away. And you simply don’t want to have a cleanser that’s putting chemicals into your body if you can avoid it (and some can’t, but not many in my view). You should not use deodorant soaps on your face! They are made of strong chemicals and also leave a detergent film behind and can irritate the skin and even block your pores.o The water used on your face should always be lukewarm and not hot. You want to avoid dehydrating your skin, making it more prone to damage. You may also scald or even burn your skin. If it’s too cold, the water will dry your skin out, although cold water does have its place in natural skin care.o Be gentle in cleaning. Some people think they ought to scrub their skin raw, but this is one of the things to avoid in skin care. You should instead be careful not to damage or tear your skin. Exfoliation is good because it will help remove dead skin cells, but be careful and so you will not hurt yourself.o Moisturize your skin. Moisturizers work by preventing the loss of water and keep yourself hydrated. They can help to coat the skin’s surface with a film of substance, thus sealing moisture into the skin.