Direxion Shares ETF Trust Direxion Daily Crypto Industry Bear 1X Shares (ARCA: REKT)

Dernières nouvelles pour Direxion Shares ETF Trust Direxion Daily Crypto Industry Bear 1X Shares (ARCA:REKT)

The Fund, under normal circumstances, invests at least 80 percent of the Funds net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 1X daily inverse (opposite) or short exposure to the Index or to exchange-traded funds (ETFS) that track the Index, consistent with the Funds investment objective.

Direxion Daily Crypto Industry Bear 1X Shares 

Direxion Shares ETF Trust Direxion Daily Crypto Industry Bear 1X Shares

Entegris's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NYSE">ENTG</a>) short percent of float has risen 3.17% since its last report. The company recently reported that it has 7.35 million shares sold short, which is 4.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Entegris Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736973921_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Entegris has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Entegris's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Entegris's peer group average for short interest as a percentage of float is 9.05%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

ENTG

How Is The Market Feeling About Entegris?

Powell Industries's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NYSE">POWL</a>) short percent of float has fallen 17.88% since its last report. The company recently reported that it has 1.39 million shares sold short, which is 17.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.1 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Powell Industries Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736973916_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Powell Industries has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Powell Industries's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Powell Industries's peer group average for short interest as a percentage of float is 10.11%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

POWL

How Is The Market Feeling About Powell Industries?

KB Home's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) short percent of float has fallen 3.73% since its last report. The company recently reported that it has 5.39 million shares sold short, which is 11.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.78 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>KB Home Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736973911_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for KB Home has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing KB Home's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, KB Home's peer group average for short interest as a percentage of float is 10.16%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About KB Home?

Cryptocurrency markets are surging on Wednesday as financial markets interpreted freshly-released inflation data as a positive sign for equities.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>$100,135.47</td>
<td>+4%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>$3,456.54</td>
<td>+7.9%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>$202.23</td>
<td>+8.9%</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>$2.94</td>
<td>+11%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>$0.3773</td>
<td>+7%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>$0.00002235</td>
<td>+4.6%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 25.6% and daily active addresses up by 6%. Transactions greater than $100,000 are down from 10,421 to 10,217 in a single day. Exchanges netflows are down by 132.8%.</li>
<li>Coinglass data reports 100,006 traders were liquidated in the past 24 hours for $266.75 million.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/01/43001690/exclusive-crypto-commodities-take-center-stage-volatility-2025-direxion-ceo">EXCLUSIVE: Direxion CEO Predicts Crypto, Commodities Will Take Center Stage Amid Volatility In 2025</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43008361/dubai-announces-crypto-tower-to-host-blockchain-businesses">Dubai Announces &#8216;Crypto Tower&#8217; To Host Blockchain Businesses</a></li>
<li><a href="https://www.benzinga.com/government/regulations/25/01/42997294/trumps-crypto-legislation-will-be-a-frankenstein-bill-of-mishmash-says-arthur-hayes-bitcoin-doesnt-need-government-support-to-flourish">Trump&#8217;s Crypto Legislation Will Be A &#8216;Frankenstein&#8217; Bill Of Mishmash, Says Arthur Hayes — Bitcoin Doesn&#8217;t Need Government Support To Flourish</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43008666/sec-under-trump-administration-to-revise-crypto-policies-report">SEC Under Trump Administration To Revise Crypto Policies: Report</a></li>
<li><a href="https://www.benzinga.com/government/regulations/25/01/42994641/italys-largest-bank-leaps-into-bitcoin-trading-with-1-million-test-investment-but-ceo-says-he-doesnt-invest-in-btc-personally">Italy&#8217;s Largest Bank Leaps Into Bitcoin Trading With $1 Million &#8216;Test&#8217; Investment But CEO Says He Doesn&#8217;t Invest In BTC Personally</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42993667/ripple-labs-donates-100k-in-xrp-for-california-wildfires-relief-says-contributions-will-be-doubled">Ripple Labs Donates $100K In XRP For California Wildfires Relief, Says Contributions Will Be Doubled</a></li>
</ul>
Top Gainer:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Virtuals Protocol (CRYPTO: VIRTUAL)</td>
<td> $3.90</td>
<td>+31.5%</td>
</tr>
<tr>
<td>ai16z (CRYPTO: AI16Z)</td>
<td> $1.61</td>
<td>+25.7%</td>
</tr>
<tr>
<td>XDC Network (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">XDC</a>)</td>
<td> $0.1304</td>
<td>+23.9%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: With Bitcoin prices touching $100,000, CryptoCon provided technical analysis for the crypto king stating that 5.618 extension of the first move of the cycle has had a near-perfect hit rate for all major Bitcoin highs. 
He sees Bitcoin&#8217;s price target at $184,181.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The 5.618 extension of the first move of the cycle (candle body &amp; after bear market downtrend) has had a near-perfect hit rate for all major Bitcoin highs. The magic number this cycle&#8230; $184,181. <a href="https://t.co/p6CgSQTvyB">pic.twitter.com/p6CgSQTvyB</a>
&mdash; CryptoCon (@CryptoCon_) <a href="https://twitter.com/CryptoCon_/status/1879614951813271733?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Crypto content creator Michael Pizzino <a href="https://x.com/PizzinoMichael/status/1879621062197166149">welcomes</a> back $100,000 and expects a higher low, saying &#8220;Off to the races.&#8221; However, this will need a few days to form if it is to happen right now.
Stoic sees Bitcoin having experienced a clean breakout from its value area, followed by a reaction near the high $80,000 and a successful reclaim of the $90,000 level.
 Currently, a brief period of cooling off is anticipated in the interim, with attention focused on finding spot support on the buyside.
A <a href="https://x.com/Stoiiic/status/1879589287290683441">pullback</a> into the high timeframe range would provide an ideal entry point for bulls to step in. 
Currently, passive spot stacking has been observed between $100,000 and $104,000. 
If another breakout occurs, the focus will be on spot aggressively chasing bids and absorbing any sell walls.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43006771/bitcoin-up-to-99000-is-loving-inflation-data-release-xrp-dogecoin-follow-higher">Bitcoin Up To $99,000 &#8216;Is Loving&#8217; Inflation Data Release, XRP, Dogecoin Follow Higher</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

$BTC

$DOGE

$ETH

$SHIB

$SOL

$XDC

$XRP

Bitcoin Returns To $100,000, Ethereum, XRP, Dogecoin Explode Higher And Are 'Off To The Races,' Trader Says

WIIM

USDJPY

USD/JPY is lower amid a drop in US Treasury yields following Dec. CPI data.

Macro Economic Events

Economics

Gold and silver are higher amid a drop in Treasury yields following Dec. CPI data.

<a href="https://geovax.com/investors/press-releases/geovax-announces-major-gedeptin-milestone-with-plans-of-phase-2-trial" title="https://geovax.com/investors/press-releases/geovax-announces-major-gedeptin-milestone-with-plans-of-phase-2-trial">https://geovax.com/investors/press-releases/geovax-announces-major-gedeptin-milestone-with-plans-of-phase-2-trial</a>

Biotech

General

GOVX

GeoVax Announces Major Gedeptin Milestone With Plans Of Phase 2 Trial

USDGBP

USD/GBP is lower amid a drop in US Treasury yields.

CBRE Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) has outperformed the market over the past 5 years by 4.2% on an annualized basis producing an average annual return of 16.57%. Currently, CBRE Group has a market capitalization of $40.25 billion. 
Buying $100 In CBRE: If an investor had bought $100 of CBRE stock 5 years ago, it would be worth $215.29 today based on a price of $131.54 for CBRE at the time of writing.
<h3>CBRE Group's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736973310_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CBRE

$100 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

While the electric vertical takeoff and landing (eVTOL) industry may represent <a href="https://www.benzinga.com/topic/evtol">the future of mobility</a>, as an investment, the narrative presents a cloudier picture. Case in point is sector heavyweight Archer Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>). Although ACHR stock has witnessed powerful ebbs and flows, the net performance since its public market debut has been lackluster overall.
As a result, caution should be the theme when approaching Archer. For example, ACHR stock lost 22.67% of value last week (defined as the difference between Monday's open and Friday's close). Given the rarity of such declines — the worst such loss occurring in June 2022 for a drop of 29.68% — it wasn't unusual to see the opinion cycle label ACHR as a discounted buying opportunity.
To be fair, some factors support the optimism. Earlier this week, Benzinga's options scanner uncovered <a href="https://www.benzinga.com/insights/options/25/01/42954080/looking-at-archer-aviations-recent-unusual-options-activity">unusual activity</a> for ACHR stock derivatives, with all aberrant transactions featuring bullish sentiment. However, the bulk of the dollar volume targeted calls expiring this Friday and that appears to be the point.
Analysts generally don't disagree that over the long run, eVTOL players offer tremendous potential for advanced mobility. However, <a href="https://www.benzinga.com/analyst-ratings/downgrades/25/01/42923959/evtol-market-soars-too-high-analyst-gives-archer-joby-downgrades">fundamental concerns</a> such as certification hurdles against sky-high valuations warrant caution. Indeed, the statistical evidence suggests that the bears still have the upper hand.
<h2 class="wp-block-heading">ACHR Stock Really Comes Down To Numbers Game</h2>
Before engaging in any trade, it's important to understand the lay of the land. Barring any other context, on any given week, there's a 45.19% chance that by the end of the fourth subsequent week, a position held in ACHR stock will rise in value. Out of 208 qualifying weeks, 94 were positive, 114 were negative and one ended up completely flat.
However, the context of the moment isn't about whether ACHR stock will rise based on a random entry point. Instead, the assertion in the opinion cycle is that because ACHR suffered an extreme-fear event last week, Archer Aviation represents a deep-value play. However, the evidence does not support this claim.
Since Archer's public market debut, there have been 31 weeks where ACHR stock suffered a 10% weekly loss or worse. Out of this tally, there have only been 10 weeks (or 32.26%) where by the end of the fourth subsequent week, ACHR posted a positive return. In other words, not only do the bulls not buy the dip, the bears tend to further puncture the wound.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15142011/Probability-gambit-ACHR-stock-1024x576.jpg" alt="" class="wp-image-735438" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15142011/Probability-gambit-ACHR-stock-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15142011/Probability-gambit-ACHR-stock-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15142011/Probability-gambit-ACHR-stock-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15142011/Probability-gambit-ACHR-stock.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Chart created by the author.
To be fair, the median positive return under a dynamic statistical model — that is, looking at the median return of ACHR stock when it moves higher following an extreme-fear event — clocks in at 26.5% at the end of week four. That's much higher than the median positive return of 15.95% when viewed stochastically, meaning any four-week window irrespective of context.
Stated simply, if ACHR stock manages to beat the odds, the rewards can be intense. It's just that historically, the numbers don't favor the bullish thesis.
Also Read: <a href="https://www.benzinga.com/trading-ideas/technicals/25/01/43013604/stock-of-the-day-time-to-buy-edison-international">Stock Of The Day: Time To Buy Edison International?</a>
<h2 class="wp-block-heading">Two Different Approaches For Archer Aviation</h2>
Another worrisome factor potentially impacting ACHR stock is that it currently appears to be charting a pattern similar to a <a href="https://www.benzinga.com/money/forex-head-and-shoulders-strategy">bearish head and shoulders</a>. &nbsp;A similar-looking formation materialized last year between July and August, resulting in early optimism succumbing to significant disappointment. Naturally, there's risk that the same scenario can emerge at a greater scale.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="601" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15142319/ACHR-stock-head-and-shoulders-1024x601.jpg" alt="" class="wp-image-735446" style="width:920px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15142319/ACHR-stock-head-and-shoulders-1024x601.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15142319/ACHR-stock-head-and-shoulders-300x176.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15142319/ACHR-stock-head-and-shoulders-768x450.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15142319/ACHR-stock-head-and-shoulders.jpg 1035w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Chart: Tradingview
Those traders who believe in the numbers game may consider a <a href="https://help.benzinga.com/en/articles/6332560-bear-put-spread-options-trade">bear put spread</a>. This multi-leg options strategy involves buying a put option and simultaneously selling a put at a lower strike price. Traders aim for the underlying security to fall to the short strike price, with the idea that they will use the credit received from the short put to offset the debit paid for the long put.
Whether calculated stochastically or dynamically, the statistical downside target for ACHR stock one month following an extreme-fear event is quite similar: $7.81 and $7.59, respectively. Put another way, investors may anticipate an average loss of 14.17% from last Friday's close of $8.97.
With a timeline corresponding with the options chain expiring Feb. 7, aggressive traders can target the 9.00/7.50 bear put spread. At the time of writing, the breakeven threshold for this transaction stands well above $8, providing greater odds of success but also with a very robust maximum payout.
Finally, those who believe that "this time could be different" for ACHR stock may consider a directionally neutral long iron condor. This trade combines a bear put spread with a <a href="https://www.benzinga.com/money/bull-spread">bull call spread</a>, establishing top-and-bottom profitability targets.
Under a dynamic pricing model, ACHR stock may rise to $11.35 under the positive scenario. Therefore, a 7.50 &#x7C; 8.00P &#x7C;&#x7C; 10.50C &#x7C; 11.00C long iron condor — or a 7.50/8.00 bear put spread combined with a 10.50/11.00 bull call spread — could be the ticket to trading success.
Read Next:
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<li><a href="https://www.benzinga.com/news/global/25/01/43013312/defense-stocks-fall-on-gaza-ceasefire-while-broader-market-rallies-whats-going-on">Defense Stocks Fall On Gaza Ceasefire While Broader Market Rallies: What&#8217;s Going On?</a></li>
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Image created using artificial intelligence via Midjourney.

Options

Movers

ACHR

Options Corner: Archer Aviation Might Not Be The Discount You Think It Is

<a href="https://dailydarkweb.net/metlife-data-breach-raises-privacy-concerns-in-the-united-states/">https://dailydarkweb.net/metlife-data-breach-raises-privacy-concerns-in-the-united-states/</a>
A significant data breach reportedly involving MetLife has come to light, with claims of a massive 289GB database being exposed. The leaked data is believed to include sensitive user information, sparking widespread concerns about privacy and security.
Data breaches of this scale can lead to unauthorized access, identity theft, and other forms of data misuse. For an organization of MetLife's stature, this incident highlights the critical need for robust cybersecurity measures to safeguard user information. The financial and insurance sectors are often prime targets for such breaches, given the sensitive nature of the data they handle.
Affected users are strongly advised to monitor their accounts for any suspicious activity, update their credentials, and stay informed about any official updates from MetLife regarding the breach.
&nbsp;

'MetLife Data Breach Raises Privacy Concerns in the United States' - Daily Dark Web

What does it <a href="https://www.benzinga.com/personal-finance/24/05/39069576/are-you-rich-heres-the-net-worth-you-need-to-be-poor-middle-class-and-wealthy">mean to be wealthy</a>? Turns out, opinions vary wildly depending on who you ask – and where they live.&nbsp;
According to the latest Modern Wealth Survey from Charles Schwab, Americans believe you need a net worth of $2.5 million to officially enter "wealthy" territory. That might sound like Monopoly money to some. Still, others in high-cost cities like San Francisco scoff at the number, with Bay Area residents suggesting you need closer to $4.4 million to feel comfortable. And then there are those on Reddit who've weighed in with their takes.
Don't Miss:
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<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
<li><a href="https://www.benzinga.com/money/planning-your-retirement-new-changes-to-social-security-in-2025-could-affect-you">Planning Your Retirement? New Changes To Social Security In 2025 Could Affect You</a></li>
</ul>
One user on Reddit called the $2.5 million benchmark "shockingly low," declaring that "$10 million is the real starting point." Another chimed in with some math to back their point, using the popular 25x rule: essentially, you multiply your annual lifestyle costs by 25 to determine how much invested wealth you'd need to live comfortably off the interest. For example, if your ideal life costs $70,000 a year, you'd need $1.75 million invested. Prefer yachts and private jets? Well, $15 million a year in expenses means you're looking at a cool $375 million portfolio. Easy, right?
Then, there's the philosophical side of the debate. One Redditor said they knew they were "wealthy" when money couldn't solve their problems. For them, <a href="https://www.benzinga.com/personal-finance/25/01/42885231/can-you-guess-what-percent-of-people-retire-with-a-3-million-nest-egg-hint-its-an-incredibly-low-number">hitting $3 million</a> was the sweet spot where they could afford the life they wanted and any extra cash became irrelevant to their happiness. Another pointed out that most Americans aren't even close to these numbers – many can't cover a $1,000 emergency without borrowing. From that lens, $2.5 million might as well be a billion.
Also Read: <a href="https://www.benzinga.com/money/suze-orman-retirement-bucket">&#8216;Which Bucket Do I Draw From First?&#8217; Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts</a>
Beyond the Reddit banter, the conversation reveals how wealth is relative, tied to hard numbers, personal values and circumstances. Historically, "modest competence" (a term famously used in Jane Austen's novels) described a level of wealth sufficient for comfort and security without extravagance. Adjusted for inflation, this concept might translate to an annual income of $100,000 –$150,000 today. Using the 25x rule means you'd need $2.5 –$3.75 million invested – not far from what Schwab's survey suggests.
A couple with $2.5 million might feel rich in rural Kansas but <a href="https://www.benzinga.com/real-estate/24/05/38703985/1-out-of-every-24-people-in-new-york-city-is-a-millionaire-most-in-the-world">stretched thin in Manhattan</a>, where housing alone can eat up half a fortune. And then there's the generational divide – Boomers think $2.8 million is the magic number, but many Millennials, facing student debt and rising living costs, might find even that unrelatable.
Ultimately, whether wealth means millions in the bank or simply the ability to live without financial stress, the key takeaway is this: financial security isn't one-size-fits-all.&nbsp;
Before you start measuring yourself against a survey or a Reddit thread, consider what wealth truly means. And if you're unsure how to get there, it might be worth <a href="https://www.benzinga.com/money/are-you-rich">chatting with a financial advisor</a> who can help you map out a plan that works for your goals – whether that's yachts or just peace of mind.
Read Next:
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<li>With 100+ historic trademarks including some of the high grossing characters in history, like Cinderella, Snow White and Peter Pan, <a href="https://www.benzinga.com/money/elf-labs-1">this company is transforming the $2 trillion entertainment market with patented AR, VR, and AI tech. — For a short window, investors are able to claim $2/share ($980 min).</a></li>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>

Personal Finance

How Do You Know If You're Wealthy? The Magic Number Is $2.5 Million, But It's Not That Simple

In the current market session, RLI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) share price is at $154.77, after a 1.13% increase. Moreover, over the past month, the stock fell by 5.66%, but in the past year, increased by 9.61%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1736973013_0.png" alt="Past Year Chart" />

<h3>How Does RLI P/E Compare to Other Companies?</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
RLI has a better P/E ratio of 16.84 than the aggregate P/E ratio of 16.35 of the Insurance industry. Ideally, one might believe that RLI Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1736973013_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Markets

Price Over Earnings Overview: RLI

Google announced in a blog <a href="https://blog.google/products/news/associated-press-gemini-app/">post</a> on Wednesday that it&#8217;s broadening its collaboration with The Associated Press (AP) to further enhance <a href="https://www.benzinga.com/topic/gemini">its Gemini app</a>.
What Happened: Under the new collaboration, the Associated Press will provide Google with a feed of real-time information that the company will use to improve the usefulness of Gemini results.
&#8220;We believe AI is a transformative technology and we look forward to partnering with the news ecosystem to explore the benefits of AI and empower journalists,&#8221; the Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary said.
Gemini is Google&#8217;s flagship AI chatbot, previously known as Bard. Google rebranded the conversational AI app in February 2024.
Check This Out: <a href="https://www.benzinga.com/25/01/42993561/is-openais-chatgpt-about-to-make-amazons-alexa-apples-siri-and-google-assistant-a-thing-of-the-past">Siri, Alexa And Google Assistant May Become A Thing Of The Past Thanks To ChatGPT Tasks — Here&#8217;s How To Use The New Feature</a>
Why It Matters: Google said the expanded collaboration is specifically aimed at users looking for up-to-date information. A lack of real-time information was one of the main complaints from early AI adopters using early-stage AI chatbots.
"AP and Google's longstanding relationship is based on working together to provide timely, accurate news and information to global audiences," said Kristin Heitmann, senior vice president and chief revenue officer of The Associated Press.
"We are pleased Google recognizes the value of AP&#8217;s journalism as well as our commitment to nonpartisan reporting, in the development of its generative AI products,&#8221; she added.
Price Action: <a href="http://benzinga.com/quote/goog">Alphabet shares</a> were up 3.3% at $197.36 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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</ul>
Photo: courtesy of Google.

Tech

GOOG

GOOGL

Google Expands Collaboration With Associated Press To Deliver Up-To-Date Information In Gemini AI App

Ecopetrol Has Reached An Agreement To Reduce 50% Of The Conversion Cost For The Purchase And Sale Of ADRs In The United States; The Measure Is Temporary And Is Expected To Be Effective Until July 10, 2025

Union Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNB#NASDAQ">UNB</a>) reported quarterly earnings of $0.67 per share. This is a 1.47 percent decrease over earnings of $0.68 per share from the same period last year.

Earnings

Union Bankshares Q4 EPS $0.67 Down From $0.68 YoY

APPS

AXTI

COHR

EGHT

MSFT

MTSI

SHOP

SPCB

Shares of companies within the broader technology sector are trading higher amid overall market strength after CPI data was in line with estimates and core CPI rose by less than expected.

Akash Network (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">AKT</a>) founder Greg Osuri on Wednesday revealed an unexpected driver behind the increasing adoption of decentralized cloud solutions: a looming energy crisis related to the intensive computing demands of <a href="https://www.benzinga.com/topic/artificial-intelligence">artificial intelligence</a>.
While Akash Network was initially conceived as a decentralized alternative to traditional cloud providers, Osuri told Benzinga in an interview unforeseen challenges around energy capacity are now pushing its use into new, vital territories.
Osuri explained that the centralized data center model is facing severe limitations when it comes to providing the power required for advanced AI model training.
&#8220;People are not quite pricing in the energy limitations that we have. Just because you have more chips doesn&#8217;t mean you can actually use those chips," he said.
He further elaborated that major markets like the U.S. have trouble securing more than 10 megawatts of capacity, leading to an urgent need for more distributed, and potentially decentralized, solutions.
This energy bottleneck, Greg suggests, will force a shift to more decentralized infrastructure, with Akash being a central part of that change. 
"I think that is going to be such an unexpected reality. People are going to realize in two years. And then I think the decent AI is going to take off." 
Also Read: <a href="http://SEC Under Trump Administration To Revise Crypto Policies: Report">SEC Under Trump Administration To Revise Crypto Policies: Report</a>
Greg emphasized the increasing need to tap into individual homes and distributed networks, which the Akash Network is designed to support. 
"How do you go tap into individual homes? Is there a network that can actually let us go there? Yeah, that&#8217;s kind of the trigger, right?" he commented, outlining the decentralized imperative that his system uniquely addresses.
Beyond the energy concerns, Greg also spoke on the cost and sovereignty advantages of his system. 
He highlighted that the platform provides &#8220;10 times cheaper cost when it comes to CPUs&#8221; and that &#8220;Akash gets you H100 for 99 cents, same H100 will cost you $4,&#8221; making the platform four times cheaper for GPUs. 
Also, Greg stated the importance of transparency and availability through the network. "You want resources and you want guarantees that resources are going to be available."
Greg emphasized the open-source nature of Akash as another critical advantage, stating that &#8220;computer is a should be public utility&#8221; and that it &#8220;should not be, no one should tell you how to use it because you should have complete sovereignty.&#8221; 
The platform&#8217;s community-driven approach was also presented as a key competitive edge, fostering rapid innovation and network effects that are unattainable within single company structures.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43008361/dubai-announces-crypto-tower-to-host-blockchain-businesses">Dubai Announces &#8216;Crypto Tower&#8217; To Host Blockchain Businesses</a></li>
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Image: Shutterstock

$AKT

Akash Network Founder Reveals Unexpected AI Energy Crisis Driving Decentralized Cloud Adoption

Legal

Biden Administration Sues Southwest Airlines Over Chronically Delayed Flights

Editor&#8217;s note: This story has been updated to reflect that Bill Ackman&#8217;s social media post in support of Whitney Tilson&#8217;s candidacy for New York City mayor did not make a formal endorsement. 
Former hedge fund manager Whitney Tilson is running for mayor of New York City and he picked up a supporter in the form of Bill Ackman, one of the most recognized voices in th<a href="https://www.benzinga.com/topic/bill-ackman">e world of finance.</a>
What Happened: Tilson, who is an investor and editor at Stansberry Research, announced his run for mayor back in November, but a new video and Ackman&#8217;s backing could bring more attention to his fight against the incumbent mayor, <a href="https://www.benzinga.com/topic/eric-adams">Eric Adams, </a>and other candidates.
"Our great city is headed in the wrong direction," Tilson <a href="https://x.com/WhitneyTilson/status/1878814057790378175">said </a>in the video. "It's time to fight for New York's future."
The video shows images and article headlines of higher crime in the city, unsafe subways and residents hit hard with inflation. Tilson says in the video that thriving businesses are shutting down and families are leaving as they can't afford to live there, and the neighborhoods are no longer safe.
Tilson, who raised his family in New York City, expresses his confidence in the city's comeback in the video.
"I believe our best days are still ahead."
Tilson says he will represent "all New Yorkers" as mayor and help bring safety, affordability and prosperity back to the city.
"New York City is the greatest city in the world."
Ackman <a href="https://x.com/BillAckman/status/1878819267115712811">shared </a>the Tilson video and called the former hedge fund manager "the candidate to watch."
"I have known @WhitneyTilson since college. He has made a career giving back," Ackman tweeted.
Ackman said Tilson is a lifelong Democrat who is also "a smart economically rational one."
"He is pro-business, anti-waste and identity politics, and wants to make NYC great again."
Ackman said that people shouldn't want New York City to become San Francisco or Los Angeles and that Tilson can help save the city.
Read Also: <a href="https://www.benzinga.com/news/legal/24/07/40043812/edwin-dorsey-whitney-tilson-defend-andrew-left-positive-force-for-markets-and-the-pioneer-of-the-act">Edwin Dorsey, Whitney Tilson Defend Andrew Left: &#8216;Positive Force For Markets And The Pioneer Of The Activist Short Movement&#8217;</a>
Why It's Important: New York City Mayor Eric Adams was <a href="https://www.benzinga.com/news/24/09/41047664/fbi-raids-nyc-mayor-eric-adams-as-sealed-indictment-nears">indicted on federal charges</a> last year and awaits a trial after pleading not guilty. Adams became the first mayor in the city&#8217;s history to be charged with federal crimes while in office.
Tilson is one of several people running in the mayoral election that will be held in November 2025. Adams is currently running for re-election, but his indictment could put another win in jeopardy.
As a former hedge fund manager and investor, Tilson is well-known to many in the finance world, but he may be less familiar with other New Yorkers. Ackman&#8217;s support could help spread his platform to more people.
Tilson calls himself the only "change candidate" in the Democratic primary and also highlights that he is the only person running who isn't a career politician. Tilson also highlights his business background.
The campaign video shows Tilson's famous "60 Minutes" interview where he helped expose issues at Lumber Liquidators, a hardwood flooring company that went bankrupt in 2024.
A recent poll showed strong backing in the mayor race for former New York governor Andrew Cuomo at 32%, as reported by <a href="https://www.politico.com/news/2025/01/13/poll-cuomo-dominates-nyc-mayoral-field-00197761">Politico</a>. Cuomo has not announced his running in the election. Former city comptroller Scott Stringer received 10% of the vote with Adams getting 6%. Tilson was not listed in the poll results.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42323060/nyc-mayor-eric-adams-takes-victory-lap-remember-yall-laughed-when-i-first-got-my-bitcoin-whos-laughing-now">NYC Mayor Eric Adams Takes Victory Lap: &#8216;Remember Y&#8217;All Laughed When I First Got My Bitcoin? Who&#8217;s Laughing Now?&#8217;</a></li>
</ul>
Photo: CK Foto via Shutterstock

Government

Politics

Bill Ackman Backs Former Hedge Funder Whitney Tilson For NYC Mayor: 'Can Help Save Us' (UPDATED)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Typically, the response to a market downturn is to wait for the red ink to subside, then to pick up the discount. However, there&rsquo;s another way to play bearish cycles and that is to consider exchange-traded funds that profit on downcycles. Known as inverse ETFs, they&rsquo;re exactly what they sound like: financial vehicles that allow retail investors a convenient way to short the market.



But why bother with inverse ETFs when you can either directly short trouble securities or buy put options? Regarding the former approach, a pure short position is risky because of the contractual obligation to return borrowed shares necessary to initiate such a trade. As for the latter, options trading can be complex, even for the most well-versed expert.



That&rsquo;s why the ETF approach is so compelling. You buy units of ETFs just like buying individual shares of publicly traded companies. The one main risk factor to keep in mind is that exposure should be limited to no more than one trading session. Because of the daily compounding effect, holding inverse funds for a period of time can lead to value decay.



Still, if you&rsquo;re bearish, inverse ETFs offer convenience and accessibility. Below are three ideas to consider.



<h2>Direxion Daily NVDA Bear 1X Shares (NVDD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/07/nvda1600-17-300x169.png" alt="Nvidia (NVDA) technology company. Nvidia stock"><div>Source: gguy / Shutterstock.com</div></div>Although it remains one of the top-performing enterprises, tech juggernaut Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) suffered badly in the recent market rout. Those who still believe that more downside is possible may consider the Direxion Daily NVDA Bear 1X Shares (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvdd-stock-quote/">NVDD</a>). The NVDD is one of the more recent inverse ETFs, with Direxion launching the product in September last year.



As the name suggests, this is a one-name ETF: it attempts to match the inverse performance of NVDA stock and that&rsquo;s it. For those who are specifically bearish on Nvidia but not other tech players, the NVDD is almost like acquiring a put option. However, the benefit here is that unlike puts, the NVDD is unlikely to expire worthless.



Again, that doesn&rsquo;t mean you should hold onto the inverse fund for longer than a day. Rather, it&rsquo;s a more convenient way to short Nvidia. But why would anyone want to do that? Fundamentally, the race to offer processors that support artificial intelligence could become commoditized. Also, Nvidia&rsquo;s top enterprise customers may start developing their own AI chips.



<h2>Direxion Daily Crypto Industry Bear 1X Shares (REKT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/cryptos-1600-2-300x169.png" alt="Various cryptocurrency coins. Cryptos. Cryptocurrencies representing 3AC Crypto., ARBK Stock. cheap cryptos to buy on the rebound. Crypto trends. AI Cryptos"><div>Source: Wit Olszewski / Shutterstock</div></div>One of the challenges associated with the cryptocurrency sector is that in prior paradigms, there was no easy way to short the market. However, with the introduction of inverse ETFs, this practice is now available to retail investors. Better yet, you don&rsquo;t need to demonstrate advanced knowledge to participate, unlike options. Instead, you can acquire shares of the Direxion Daily Crypto Industry Bear 1X Shares (NYSEARCA:<a href="https://investorplace.com/stock-quotes/rekt-stock-quote/">REKT</a>).



Basically, as the cryptocurrency sector rises, REKT should move in the opposite direction. What makes this inverse fund so attractive is the wild volatility in the virtual currency ecosystem. When popular blockchain assets stumble, they tend to stumble hard. It&rsquo;s not out of the question for cryptos to lose 20% of value in just a few days. Indeed, that already happened recently.



Further, cryptos benefit from extreme bullish sentiment, characterized by holding on for dear life or HODL-ing. Therefore, it&rsquo;s not at all surprising to see cryptos bounce immediately higher. This often-violent seesawing effect allows speculators to trade REKT multiple times over a relatively short period of time.



<h2>ProShares Short QQQ (PSQ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/nasdaq1600-300x169.jpg" alt="Bright signs for Nasdaq (NDAQ) cover the Nasdaq building in Times Square. Best Nasdaq stocks for long haul. Nasdaq Stocks to Avoid"><div>Source: Shutterstock</div></div>It takes a brave soul to short the mighty Nasdaq-100 index. However, if you feel you have what it takes to be a hero (or anti-hero as it were), you may consider ProShares Short QQQ (NYSEARCA:<a href="https://investorplace.com/stock-quotes/psq-stock-quote/">PSQ</a>). As the name implies, this ProShares fund seeks daily investment results that correspond to the <a href="https://www.proshares.com/our-etfs/leveraged-and-inverse/psq">inverse of the daily performance</a> of the Nasdaq.



To be sure, acquiring the PSQ is a risky endeavor. Yes, the Nasdaq-100 fell more than 8% in the trailing month. However, this index encompasses some of the most relevant and powerful innovators. At the same time, the technical performance of the underlying Invesco QQQ Trust (NASDAQ:<a href="https://investorplace.com/stock-quotes/qqq-stock-quote/">QQQ</a>) is weak. While QQQ managed to bounce off its 200-day moving average, it&rsquo;s still well off its 50 DMA.



Plus, one must consider the fundamentals. Many tech enterprises &ndash; including the aforementioned Nvidia &ndash; appear overvalued on paper. If they can&rsquo;t meet analysts&rsquo; expectations regarding earnings and sales, investors may abandon ship. That would be negative for the tech sector but a positive development for the PSQ. If you have nerves of steel, it could be one of the inverse ETFs to consider.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/3-inverse-etfs-to-take-advantage-of-the-downturn/">3 Inverse ETFs to Take Advantage of the Downturn</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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