Key stock indexes are up, so are bonds –but their gains pale in comparison to the monstrous rally that’s unfolding in cannabis, crypto and homebuilder funds.
Among Thematic ETFs, AdvisorShares MSOS Daily Leveraged ETF is boasting a gain of 18.5% today. Leveraged funds inflate the gains and losses of the underlying index, in this case AdvisorShares Pure US Cannabis ETF. Other cannabis ETFs such as Roundhill Cannabis and Amplify Seymour Cannabis ETF are up by double-digit percentages as well.
Direxion Daily Homebuilders & Supplies Bull 3X Shares is up 13% today. Home builder stocks in general are having a good time today, and the iShares U.S. Home Construction ETF is up 4.3%. Expectations of lower interest rates and potentially lower mortgage rates are helping these stocks.
