9 Best-Performing Leveraged ETFs Of 1H19
Zacks Investment Research | Jun 30, 2019 10:50PM ET
Braving all the woes and uncertainties including trade war jitters, global growth concerns, recession fears, government shutdown, geopolitical tension and weak corporate earnings, the Wall Street logged in the strongest performance in more than a decade for the first half of the year. The S&P 500 jumped 17% - its best first-half performance since 1997 – while the Dow climbed 14% - its best show since 1999. Meanwhile, the Nasdaq Composite Index skyrocketed more than 20%, recording its best first six months of the year since 2003.
The rally was powered by hopes of easing money policies as the Fed is ready to cut interest rates as soon as this month if needed. Lower interest rates will keep borrowing cost down, thereby resulting in higher consumer spending and rise in economic activities. Additionally, recovery in U.S. housing market and rising oil price add to the strength (read: Zacks Investment Research
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