EVAV ETF

The sale of electric vehicles (EVs) is rising again, spelling opportunity for leveraged ETFs. Likewise, inverse funds can offer options when short-term weakness occurs.

All three major indices posted monthly gains, defying the historical slowdown for the month.

The electrification of the automotive industry continues to receive full backing of the U.S. government. The current administration under President Biden is supporting a $1 billion fund focused on growing small- to medium-size electric vehicle businesses.

According to a Kelley Blue Book report, EVs sales climbed in the second quarter. These bullish vibes can certainly add momentum to EV-focused ETFs if the trend continues toward the upside.

Electric vehicle (EV) demand could finally be catching up with supply as seen in Q2 sales numbers. In turn, this could push EV-focused exchange-traded funds (ETFs) higher, allowing for potential plays in a pair of leveraged Direxion ETFs.

The recent market fluctuations of Tesla could unsettle cautious investors, but for those who enjoy volatility, it offers many chances for profit.

While there's still more work to do in order for China to revitalize its economic growth, demand for electric vehicles and clean energy technology can help charge its recovery moving forward.

A healthy supply of electric vehicles (EVs) on public roads will require a healthy demand for critical minerals in order to meet carbon reduction goals. That could propel the Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) to higher heights.

Wall Street was upbeat last week. Notably, Apple reached a $3 trillion market valuation for the first time since January 2022.