Higher-for-longer interest rates are causing bears to jump back into emerging markets (EM) as a stronger dollar continues to push back against a rally. The Direxion Daily MSCI Emerging Markets Bear 3X ETF (EDZ) has been a beneficiary of the recent slump.
Emerging markets can offer traders the ability to play off strength outside U.S. borders. With leveraged ETFs, there are both bullish and bearish opportunities to ponder.