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   And Europe's stepped up its plans for a digital euro |
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                               <a class="text-blackLight no-underline font-extrabold" style="font-weight: 800; color: #3C4857; text-decoration: none;">
                                TOGETHER WITH
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                   Hi Sarah, here's what you need to know for
                   <strong>
                    August 27th
                   </strong>
                   in
                   <strong>
                    3:13 minutes
                   </strong>
                   .
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                    <span class="font-normal" style="font-weight: 400;">
                     The US president moved to fire a Fed governor – and the market made moves of its own
                    </span>
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                    <span class="font-normal" style="font-weight: 400;">
                     Healthcare’s on sale, and Warren Buffett’s just walked in –
                     <a class="text-primary underline font-medium" style="font-weight: 500; color: #204CE9; text-decoration: underline;">
                      Read Now
                     </a>
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                     Europe’s racing to mint a digital euro, after America gave dollar tokens a head start
                    </span>
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                     💸 You didn’t
                     <i>
                      HODL
                     </i>
                     all this time just for bragging rights. So join Finimize and Meanwhile and find out how to put your bitcoin to work. We’re talking liquidity, tax advantages, and legacy planning, all without selling.
                     <a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
                      <b>
                       Grab your free ticket
                      </b>
                     </a>
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              <span class="text-heading1 text-black font-black" style="font-weight: 900; color: #283444; font-size: 24px;">
               You’re… Fired?
              </span>
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                  <img alt="You’re… Fired?" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FEditorial-260825-Fed.original.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D5be99ffa57f66cc45090e553722f2864/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NTYyODE5MDMuNjU5MDg1NX0:1urB9T:OfchcXh90y6fe9oJHKNGLJUwXyg7Ru_hlLLPzhSEGtU" style="border:0;border-radius:4px;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
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              </p>
              <p data-block-key="9rtrk" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What’s going on here?
               </b>
              </p>
              <p data-block-key="6uh2i" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               The US president just threw a “you’re fired” at a governor of the Federal Reserve (Fed) – but she’s not budging.
              </p>
              <p data-block-key="7etfh" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What does this mean?
               </b>
              </p>
              <p data-block-key="3qdp2" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               In a letter posted on social media late Monday, the president accused the Fed official of fudging mortgage documents back in 2021. According to him, that’s cause for removal. But she hit back, calling the attempted dismissal illegal and vowing to fight it in court.
              </p>
              <p data-block-key="ek7nd" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               ► Governors usually serve 14-year terms – long enough to outlast politics. And if the commander-in-chief wins, the Fed’s seven-member board could end up more aligned with his faster-rate-cut mindset.
              </p>
              <p data-block-key="duae6" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               ► Markets reacted in a snap. The dollar slipped, short-term bond yields dipped, and long-term debt sold off as investors braced for rate cuts in the short term but worried about higher inflation later on.
              </p>
              <p data-block-key="809sf" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               ► This is uncharted ground: no Fed governor has
               <i>
                ever
               </i>
               been fired, and legal experts say the president would need to prove gross misconduct. So far, the governor’s not been charged with anything.
              </p>
              <p data-block-key="7akns" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                Why should I care?
               </b>
              </p>
              <p data-block-key="dkaak" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 Zooming out:
                </i>
               </b>
               <i>
                Cut under pressure.
               </i>
              </p>
              <p data-block-key="a703i" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               This comes just days after the central bank’s head honcho hinted at a possible September rate cut in response to fresh job market weakness. But with the president now throwing his weight around, investors may start questioning whether the central bank’s decisions are being driven by economics or… political pressure. And when markets doubt the Fed’s independence and credibility, volatility tends to swing.
              </p>
              <p data-block-key="4sgna" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 The bigger picture:
                </i>
               </b>
               <i>
                And in other lines of fire...
               </i>
              </p>
              <p data-block-key="3f1rf" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               The Fed isn’t the only target right now. On Monday, the president froze energy developer Orsted’s almost completed $1.5 billion offshore wind project – plunging its shares to record lows. That’s likely to complicate the Danish firm’s efforts to raise $9.4 billion for its next, bigger project. The takeaway for investors: billions of dollars in market value can blow away when political gusts kick up.
              </p>
              <p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
              </p>
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               <b>
                You might also like:
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               <a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
                Political risk is part of a stock’s value now – and, no, you can’t afford to tune it out
               </a>
               .
              </p>
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                  <strong>
                   Copy to share story:
                  </strong>
                  <a class="text-black60 font-normal" style="text-decoration: underline; font-weight: 400; color: #71767B;" target="_blank">
                   https://app.finimize.com/content/youre-fired
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                         <span style="font-family: Helvetica, Arial, sans-serif; font-size: 12px; font-weight: bold; color: #E6F14A; display: inline-block;">
                          FROM OUR RESEARCH DESK
                         </span>
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                         <h2 style="font-weight: 700; line-height: 1.25; margin-bottom: 16px; font-size: 24px; color: #FFFFFF; margin: 0 0 4px; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; margin-top: 0;">
                          The Sector Buffett’s Betting On – And Where To Find Value In It
                         </h2>
                         <p style="line-height: 1.5; margin-top: 0; margin-bottom: 16px; font-family: Helvetica, Arial, sans-serif; font-size: 14px; color: #FFFFFF; margin: 0;">
                          Theodora Lee Joseph, CFA
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                      <img alt="The Sector Buffett’s Betting On – And Where To Find Value In It" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FEditorial-260825-Buffet.original.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D0d475fe4e45022c96e7a415bfeeada4b/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NTYyODE5MDMuNjU5MjA5NX0:1urB9T:4OWApx21sEd6IE4hk_Ofjg_dP066tv6vNQvOSuwmIK0" style="max-width: 300px; border-radius: 4px;" width="300"/>
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                     <p data-block-key="xjbe2" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       ​Healthcare
                      </a>
                      has been out of fashion for years, overshadowed by tech’s AI-fueled rally.
                     </p>
                     <p data-block-key="e32vd" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      But
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       Warren Buffett
                      </a>
                      just bought a big stake in UnitedHealth – and when the world’s most famous value investor makes a move, that turns heads.
                     </p>
                     <p data-block-key="1siv0" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      Right now, US healthcare stocks are trading at their
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       steepest discounts
                      </a>
                      since the ’90s.
                     </p>
                     <p data-block-key="nssr" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      For the Oracle of Omaha, that’s a green light. And for you, well, it might just be
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       the signal
                      </a>
                      you’ve been waiting for.
                     </p>
                     <p data-block-key="2sfv9" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      That’s today’s Insight:
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       healthcare’s on sale, and Warren Buffett’s just walked in
                      </a>
                      .
                     </p>
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                       <b>
                        Read or listen to the Insight here
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                    Nvidia’s the OG of AI chips, with many of the world’s tech companies wrapped around its little robot finger. Well, plucky Qualcomm is trying to steal some of that grip, leveraging its mobile expertise and capitalizing on the shift toward AI-powered smartphones and IoT devices.
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                    So, what do you reckon: Will Nvidia stay on top? Will Qualcomm beat the OG? Or will the duo rule the space in perfect harmony? When you decide, you can use
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              <span class="text-heading1 text-black font-black" style="font-weight: 900; color: #283444; font-size: 24px;">
               Mint Conditions
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                 <a style="color: #204CE9; text-decoration: underline; font-weight: 500;" target="_blank">
                  <img alt="Mint Conditions" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FEditorial-260825-Mint.original.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253Dbfe8059fdfc56046120a76a74f822b27/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NTYyODE5MDMuNjU5NDU4NH0:1urB9T:IaB3IROU_5Hi1C_sjdzzbLo1Bz6F1iIvSi8wUGuMxAE" style="border:0;border-radius:4px;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
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              <h4 class="text-body" style="font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; font-weight: 700; line-height: 1.25; margin-bottom: 16px; color: #171E27; font-size: 16px; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; margin-top: 0;">
              </h4>
              <p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
              </p>
              <p data-block-key="92ptx" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What’s going on here?
               </b>
              </p>
              <p data-block-key="d7pkb" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Europe’s officials have decided that the moment is right to fast-track their digital euro plans.
              </p>
              <p data-block-key="4dqta" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What does this mean?
               </b>
              </p>
              <p data-block-key="372rp" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               For years, the bloc’s toyed with creating a blockchain-based token backed by the European Central Bank – essentially a tightly controlled eurozone version of China’s digital yuan. But things changed last month when the US passed the Genius Act, handing stablecoins a clear, legal framework and reinforcing the dollar’s lead in crypto payments.
              </p>
              <p data-block-key="33pm2" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               ► That jolted EU officials into action. They’re moving faster and weighing a bolder play: putting the currency on a public blockchain like Ethereum or Solana. That’d make it globally accessible, simple to trade, and directly comparable to dollar-based stablecoins like USDC and USDT.
              </p>
              <p data-block-key="4qvt4" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               ► The trade-off is transparency: public blockchains mean public transactions, raising privacy concerns. Even so, EU policymakers may accept that risk. With cash use fading and dollar stablecoins gaining ground, they see a shrinking window to protect the euro’s relevance in digital finance.
              </p>
              <p data-block-key="bfskb" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                Why should I care?
               </b>
              </p>
              <p data-block-key="djd2m" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 For markets:
                </i>
               </b>
               <i>
                A new kind of digital currency war.
               </i>
              </p>
              <p data-block-key="25a06" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               A state-backed currency on a public blockchain would be something new. China’s digital yuan is locked inside the country’s own system (making it hard to trade), while the US has let private firms build its digital dollar rails. This iteration of the euro would land somewhere in the middle. And if things go as hoped, it’ll reshape cross-border payments, boost euro-denominated finance, and challenge the greenback’s grip on stablecoins.
              </p>
              <p data-block-key="21fej" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 Zooming out:
                </i>
               </b>
               <i>
                A Flashdance-era flashback.
               </i>
              </p>
              <p data-block-key="fqf7n" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               The Genius Act has stateside banks sweating. Under it, they can
               <i>
                issue
               </i>
               digital tokens… but can’t pay interest on them. Crypto platforms, meanwhile, are free to offer their own rewards to savers. That brings to mind a trend from the 1980s, where money market funds lured savers away from banks by offering higher yields – which changed the financial system forever. If stablecoins replay that shift in digital form, the knock-on effects could be just as huge.
              </p>
              <p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
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               <b>
                You might also like:
               </b>
               <a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
                The ether-focused firms that are betting big on the No. 2 crypto
               </a>
               .
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                  <strong>
                   Copy to share story:
                  </strong>
                  <a class="text-black60 font-normal" style="text-decoration: underline; font-weight: 400; color: #71767B;" target="_blank">
                   https://app.finimize.com/content/mint-conditions
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                  QUOTE OF THE DAY
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                 <p class="font-heading font-bold text-navy leading-snug mb-2 text-subtitle" data-block-key="cygyq" style="margin-top: 0; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; font-weight: 700; line-height: 1.375; margin-bottom: 8px; color: #0C73EC; font-size: 20px;">
                  "I think it’s wrong that only one company makes the game Monopoly."
                 </p>
                 <span class="text-caption font-normal text-blackLight leading-normal" style="font-weight: 400; line-height: 1.5; color: #3C4857; font-size: 12px;">
                  – Steven Wright (an American comedian)
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                        🎯 On Our Radar
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                        <b>
                         1. Legendary online comment.
                        </b>
                        Steve Wozniak explains why he
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         sold his Apple shares
                        </a>
                        , instead of hoarding them.
                       </p>
                       <p data-block-key="erctg" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        <b>
                         2. I’m not a robot.
                        </b>
                        Writers are abandoning em dashes, ditching metaphors, and inserting typos
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         to prove they’re not AI
                        </a>
                        .
                       </p>
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                        <b>
                         3. “Touch grass” really hit home.
                        </b>
                        American participation in outdoor recreation hit
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         an all-time high
                        </a>
                        .
                       </p>
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                        🎙 Finimize Live
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                        Grab your free tickets...
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                        🔎
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         Decoding Market Winners and Losers
                        </a>
                        : September 2nd
                       </p>
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                        📋
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         Wealth Planning For This Generation And Beyond
                        </a>
                        : September 16th
                       </p>
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                        🚀
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         Modern Investor Summit 2025
                        </a>
                        : December 2nd and 3rd
                       </p>
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                 <td align="left" class="content disclaimer" style="font-size:0px;padding:32px 0 0;word-break:break-word;">
                  <div style="font-family:Helvetica, Arial, sans-serif;;font-size:13px;line-height:1;text-align:left;color:#000000;">
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                    <b>
                     *Direxion’s Important Risk Information:
                    </b>
                   </p>
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                    <b>
                     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.
                    </b>
                    <a style="font-weight: 500; font-size: 12px; color: #9FA1A5; text-decoration: underline;">
                     <b>
                      Click here to obtain a Fund’s prospectus and summary prospectus or call 866-476-7523
                     </b>
                    </a>
                    <b>
                     . A Fund’s prospectus and summary prospectus should be read carefully before investing.
                    </b>
                   </p>
                   <p data-block-key="c76b2" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    <b>
                     Investing in the funds involves a high degree of risk
                    </b>
                    . Unlike traditional ETFs, or even other leveraged and/or inverse ETFs, these leveraged and/or inverse single-stock ETFs track the price of a single stock rather than an index, eliminating the benefits of diversification. 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 stock’s performance over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments. The Funds will lose money if the underlying stock’s performance is flat, and it is possible that the Bull Fund will lose money even if the underlying stock's performance increases, and the Bear Fund will lose money even if the underlying stock's performance decreases, over a period longer than a single day.
                    <b>
                     Investing in the Funds is not equivalent to investing directly in NVDA or QCOM
                    </b>
                    .
                   </p>
                   <p data-block-key="dujap" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    <b>
                     Direxion Shares Risks
                    </b>
                    – An investment in each Fund involves risk, including the possible loss of principal. Each Fund is non-diversified and includes risks associated with a Fund concentrating its investments in a particular security, industry, sector, or geographic region which can result in increased volatility. A Fund's investments in derivatives such as futures contracts and swaps may pose risks in addition to, and greater than, those associated with directly investing in securities or other investments, including imperfect correlations with underlying investments or the Fund's other portfolio holdings, higher price volatility and lack of availability. As a result, the value of an investment in a Fund may change quickly and without warning. Risks of the Funds include Effects of Compounding and Market Volatility Risk, Derivatives Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, NVIDIA Corporation Investing Risk or QUALCOMM Incorporated Investing Risk, Market Risk, Concentration Risk, Cash Transaction Risk, Non-Affiliation Risk, and risks specific to the semiconductor industry and information technology sector. Additional risks include, for the Direxion Daily NVDA Bull 2X Shares and Direxion Daily QCOM Bull 2X ETF, Leverage Risk and Daily Correlation Risk, and for the Direxion Daily NVDA Bear 1X Shares and Direxion Daily QCOM Bear 1X ETF, Shorting or Inverse Risk as well as Daily Inverse Correlation Risk. Please see the summary and full prospectuses for a more complete description of these and other risks of the Funds.
                   </p>
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                    <b>
                     Distributor:
                    </b>
                    ALPS Distributors, Inc.
                   </p>
                   <p data-block-key="3ktde" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0; font-size: 12px; color: #9FA1A5;">
                    Finimize is unaffiliated with Direxion or ALPS Distributors, Inc.
                   </p>
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