As Rate Cuts Loom, This Homebuilder ETF Is Up Almost 50%
Looming rate cuts has been pushing the Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL) ETF higher. The fund has been on an upward trajectory since mid-July. It could rise further as the real estate market improves. A Reuters report noted that single-family homebuilding rebounded last month with a moderate increase in building permits. Homebuilders are [...]
The post As Rate Cuts Loom, This Homebuilder ETF Is Up Almost 50% appeared first on ETF Trends.
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