Retail investors are showing increased interest in triple-leveraged US equity ETFs [cec6a5b6]. The surge in demand for these ETFs comes as US stocks rally and the labor market cools, boosting hopes for a rate cut [cec6a5b6]. Despite concerns about a potential slowdown in consumer spending and weak corporate earnings, bulls argue that consumer spending remains robust [69034f33]. The recent rebound in stocks was fueled by the retreat of Treasury yields [69034f33]. The US stock market had its best week of 2023 as Treasury yields dropped, but doubts persist about a year-end rally [69034f33]. The reliance on credit cards for spending is concerning, as interest payments rise and consumers dip into savings [69034f33]. The surge in demand for triple-leveraged US equity ETFs reflects retail investors' optimism in the market [cec6a5b6].
The economic and consumer data out of the U.S. lately has shown weakening with the U.S. consumer, raising concerns for investors [97fd9082]. In a video, Mark Roussin, CPA, recommends three high-quality ETFs, including the Schwab US Dividend Equity ETF (SCHD), as a way to manage your portfolio during a recession [97fd9082]. The Schwab US Dividend Equity ETF is not included in the Motley Fool Stock Advisor analyst team's list of recommended stocks [97fd9082]. However, Mark Roussin, CPA, has positions in Schwab US Dividend Equity ETF [97fd9082]. The Motley Fool has positions in and recommends Vanguard Specialized Funds-Vanguard Dividend Appreciation ETF [97fd9082]. Mark Roussin is an affiliate of The Motley Fool and may be compensated for promoting its services [97fd9082].
The Securities and Exchange Commission (SEC) has shut down the auditor for Trump Media due to 'massive fraud' [cec6a5b6]. Gazprom has reported its worst loss in decades as sales to Europe collapse [cec6a5b6]. Berkshire's prized energy business is facing upheaval following Warren Buffett's departure [cec6a5b6]. Canada has charged three Indian nationals with the murder of a Sikh separatist [cec6a5b6]. The International Criminal Court's chief prosecutor has spoken out against unnamed 'threats' against his work [cec6a5b6]. The article also mentions other topics such as the Israel-Hamas war, Hope Hicks' comments on Donald Trump, and Marine Le Pen's concerns about the German far right [cec6a5b6].