Tariffs and a pause on rate cuts isn't doing any favors for homebuilder confidence. The National Association of Home Builders (NAHB) repeated the falling sentiment in the sector.
Demand for leveraged and inverse ETFs is solid as these fetch outsized returns on quick market turns in a short span.
Looming rate cuts has been pushing the Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL) ETF higher. The fund has been on an upward trajectory since mid-July.