As Rate Cuts Loom, This Homebuilder ETF Is Up Almost 50%
September 20, 2024 at 11:28 AM EDT
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 .
