This Homebuilder ETF Is Up Over 100% Despite Rising Rates
June 27, 2023 at 09:08 AM EDT
Rising interest rates should be putting a damper on homebuilders, but the Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL) being up over 100% tells a different story. Amid the U.S. Federal Reserve’s monetary policy tightening to stave off inflation, mortgage interest rates have been going through the roof. In addition, recent bank collapses have been [...] The post This Homebuilder ETF Is Up Over 100% Despite Rising Rates appeared first on ETF Trends .
