As rate cut looms, this Homebuilder ETF is up nearly 50%

Future rate cuts drove 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 housing market improves. A Reuters report noted that single-family home construction rebounded last month, with a moderate increase in building permits. House builders are (…)

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