Market volatility is causing investors to seek the safety of uncorrelated assets like gold and bonds. However, the utilities sector could offer up a safe haven sector that traders could also take advantage of during heavy market fluctuations.
The AI investing theme continues to gain momentum, offering traders a multitude of opportunities to capitalize on advancements in technology. As more adoption takes place on a massive scale, it could push the Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF (UBOT) higher.
Cryptocurrencies continue to capture the imaginations of alternative asset investors amid recent record highs. But the incorporation of artificial intelligence in the crypto space could push AI-focused ETFs even higher.