An incoming presidential administration opens the door for policy discussions on spending, which includes defense. Ahead of his inauguration later this month, president-elect Donald Trump is already calling on NATO to open its wallets for this type of spending.
DFEN aims to deliver 3x the daily performance of the Dow Jones U.S. Select Aerospace & Defense Index. It provides exposure to the commercial aerospace and national defense markets, each driven by the distinct factors of air travel demand and government defense budgets, respectively. DFEN's performance is highly influenced by volatility due to its daily leverage reset, which can amplify both gains and losses significantly.
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 offered a mixed performance last week.