A new product allows 5x leveraged bets on the Magnificent Seven. Traders should be wary.

A new product allows 5x leveraged bets on the Magnificent Seven. Traders should be wary.
By: market watch Posted On: March 28, 2024 View: 31

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Investors can now make turbocharged bets on or against the Magnificent Seven group of stocks due to the launch of an exchange-traded product offering five times leverage on the hot megacap technology sector. Of course, that doesn’t mean they should.

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