The following is the recipe for a toxic cocktail: One part a historically volatile, high standard deviation emerging market. One part incompetent president. One part widening corruption probe and scandal. One part bullish leveraged exchange traded.
Adventurous traders can drink up with the Direxion Daily Bull Brazil 3X Shares (NYSE: BRZU), the triple-leveraged answer to the popular iShares MSCI BrazilCapped ETF (NYSE: EWZ). This is how life in the fast lane works with a leveraged ETF tracking a market that does not need leverage to deliver volatility.
When BRZU was last highlighted in this space on March 8, we noted the ETF was “up more than 89 percent over the past ...
/www.benzinga.com/trading-ideas/long-ideas/16/03/7725892/rousseff-is-a-problem-for-brazil-leveraged-etf alt=Rousseff Is A Problem For Brazil Leveraged ETF>Full story available on Benzinga.com
More...