The Clap
The Direxion Daily Metal Miners Bull 2X Shares (MNM) is up around 13% YTD, despite continuing economic pressure.
The Deets
The MNM ETF has continued to show resilience in the face of a rising dollar and could rise even further if inflation was to slow down.
The potential for another 0.75% interest rate hike is driving investors to look at precious metals, which showed early signs of strength, as an investment.
MNM ETF
The ETF measures the performance of companies classified by the GICS as part of the metals and mining industries.
Why this Matters
The ETF looks for strong investment results from the S&P Metals and Mining Select Industry Index.
Metals Mining ETF showing resilience ⭐️
