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SPXL, as a levered product, is not a buy-and-hold ETF, it's a short-term tactical instrument for getting 3x exposure to the S&P 500. The fund gets the added exposure by using futures contracts and other derivatives. The underlying companies are among the biggest and most well-known in the world. Importantly, the implication of SPXL's daily rebalancing is that holding-period returns longer than a day are unlikely to resemble 3x exposure to the S&P 500. Shorter holding periods increase the importance of trading costs relative to yearly management costs, which are fairly high but average for…
Is SPXL's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Bear markets tend to be quick and painful, lasting less than a year. However, there is good reason to believe a market crash is not imminent.
There's a reason the index hasn't moved much since June, according to a team at UBS.
I typically don't begin these commentaries with a chart.
The S&P 500 is up around 12% so far in 2026. Microsoft, Alphabet, and Amazon make up about 15% of the index.
The S&P 500 (SPX) will reach 8,100 by the end of the year, says Scott Wren, who remains bullish on the index despite caution on the state of the energy trade. He expects crude oil prices to come down on an eventual downturn in U.S.-Iran tensions.