TECL: A Leveraged Bet On Large-Cap Tech

seekingalpha
16 Oct 2024

luza studios

Introduction

The Direxion Daily Technology Bull 3X Shares ETF (NYSEARCA:TECL) has outperformed the SPDR S&P 500 ETF Trust (SPY) so far in 2024, delivering a ~36% gain against the ~23% return for the S&P 500 tracking ETF:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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