BRZU ETF

The prospect of interest rate cuts adds some intrigue as a weaker dollar could prop up international equities. That said, Direxion has four funds traders may want to consider for short-term gains.

The likely start of interest rate cuts in America should benefit assets around the world, such as Brazil. Brazil's political noise is expected to decrease in the second half of 2024, benefiting investments. The Big Mac index points to a major devaluation of the Brazilian currency.

With the anticipation of rate cuts, the expectation that the U.S. dollar will fall is also an appended byproduct. That should fuel bullish opportunities in emerging markets (EM), including Brazil, whose equites are experiencing year-over-year growth.

Top Performing Levered/ Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Direxion Daily MSCI Brazil Bull 2X Shares aims to achieve daily investment results that are 200% of the performance of the MSCI Brazil 25/50 Index. The Brazilian economy faces uncertainties on the fiscal and political fronts, with factors like interest rate cuts and political disputes impacting the real-dollar exchange rate and investor sentiment. While low volatility conditions may benefit BRZU, the second half of the year may not be as bullish as the first due to already priced-in interest rate reductions.

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.