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After a torrid risk-on run in the first quarter of 2024, markets cooled off a bit but ended the half still positive with mid-double-digit returns. Technology themes such as cryptocurrency and artificial intelligence helped propel markets higher.
Silver prices have been rising, reaching multi-year highs before correcting below $30 per ounce. The case for silver remains strong due to rising industrial demand and potential investment demand, with a projected supply demand deficit. Leveraged products like ProShares Ultra Silver ETF can provide significant leverage to silver futures, but timing is crucial due to price volatility and time decay.
The second quarter proved to be a banner quarter for Wall Street, with the S&P 500 and the Nasdaq Composite Index scaling new record highs on several occasions.
These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Wall Street was upbeat last week. The rally came after the release of weaker-than-expected inflation data, which raised hopes of a sooner-than-expected Fed rate cut.
These leveraged and inverse ETFs were the best performers last week. Keep in mind that due to their leverage, these funds can experience rapid changes in value.
These leveraged and inverse ETFs were the best performers last week. Keep in mind that due to their leverage, these funds can experience rapid changes in value.
After recording a tumultuous week due to higher oil prices and less chances of imminent Fed rate cuts, Wall Street celebrated a triumph on Friday as tech stocks led a rally.
ProShares Ultra Silver ETF offers leveraged exposure to silver without owning the physical asset. The AGQ ETF's performance can deviate significantly from the daily target due to compounding of daily returns. AGQ is a trading vehicle, not a buy and hold investment, with potential for high returns but also increased risk.
Leveraged ETFs provide excellent notional exposure in trending markets. In cyclical asset classes, the opportunity is less compelling, especially considering the downside risks. AGQ offers investors the kind of exposure and has its limitations with the shift in recent capital flows.
FAQ
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