Consumer Sentiment Could Apply More Downward Pressure on This ETF
September 06, 2022 at 09:34 AM EDT
Lower consumer sentiment is pushing the Direxion Daily Consumer Discretionary Bull 3X ETF (WANT) lower this year, but should the economy avoid a recession, it could get a short-term bump higher with the holidays on the horizon. Right now, consumers are tightening their finances in addition to the U.S. Federal Reserve’s interest rate policy. Rate [...] The post Consumer Sentiment Could Apply More Downward Pressure on This ETF appeared first on ETF Trends .