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<p>Final week, Wall Avenue skilled reasonable optimism, because the S&P 500 (up 0.8%), the Dow Jones (up 1.2%), the Nasdaq Composite (up 0.3%) and the Russell 2000 (up 1.5%) posted modest beneficial properties. Cryptocurrency emerged as the highest performer, pushed by expectations of a slower tempo of rate of interest hike by the Federal Reserve.</p><p>Earnings from a number of large banks got here in upbeat. In the meantime, U.S. retail gross sales knowledge got here in downbeat. In March 2023, U.S. retail gross sales fell 1% sequentially, considerably outperforming market expectations of a 0.4% decline. The information adopted a 0.2% lower in February. This implies that value pressures and rising rates of interest are negatively impacting customers' propensity to spend.</p><p>In gentle of those developments, we want to emphasize a number of inverse/leveraged ETFs that topped the chart final week.</p><h3>ETFs in Focus </h3><p><strong>GraniteShares Coinbase 1.5X Each day ETF</strong> (<a target="_blank" href="https://www.zacks.com/funds/etf/CONL" class="hoverquote-container-od analytics_tracking hoverquote-neg" id="commentary_body-CONL-txt" rel="noopener"><span class="hoverquote-symbol">CONL</span></a> <span> - </span> <a target="_blank" class="in_copy newwin" href="https://www.zacks.com/registration/premium/login/?ALERT=zrmodule&mode=etf&t=CONL&icid=2080641-tx-TOP_ZRMODULE-CONL&ADID=ZCOM_ARTICLEBODY_TCK_AMP&icid=BLOG-ETF_News_and_Commentary-2080641-free_report-commentary_body-CONL" title="Free Report" rel="noopener">Free Report</a>) – Up 20.4%</p><p>Bitcoin marched towards the $31,000-mark final week. Its largest peer, Ethereum, too, outdid by a giant margin because it jumped greater than 10% to hit the $2,1000-mark. Notably, knowledge indicating cooling inflation launched final week minimize the bets over quicker Fed fee hikes this 12 months and boosted high-risk and high-growth investing areas like cryptocurrency.</p><p><strong>Brazil Bull 3X Direxion</strong> (<a target="_blank" href="https://www.zacks.com/funds/etf/BRZU" class="hoverquote-container-od analytics_tracking hoverquote-neg" id="commentary_body-BRZU-txt" rel="noopener"><span class="hoverquote-symbol">BRZU</span></a> <span> - </span> <a target="_blank" class="in_copy newwin" href="https://www.zacks.com/registration/premium/login/?ALERT=zrmodule&mode=etf&t=BRZU&icid=2080641-tx-TOP_ZRMODULE-BRZU&ADID=ZCOM_ARTICLEBODY_TCK_AMP&icid=BLOG-ETF_News_and_Commentary-2080641-free_report-commentary_body-BRZU" title="Free Report" rel="noopener">Free Report</a>) – Up 17.1%</p><p>Brazilian shares jumped final week as moderation in inflation boosted buyers’ confidence as they believed that the Brazilian Central Financial institution could quickly slash the nation’s benchmark rates of interest. Notably, the central financial institution of Brazil saved its key Selic fee unchanged at 13.75% for the fifth successive assembly in March 2023, in keeping with market expectations.</p><p><strong>South Korea Bull 3X Direxion</strong> (<a target="_blank" href="https://www.zacks.com/funds/etf/KORU" class="hoverquote-container-od analytics_tracking hoverquote-pos" id="commentary_body-KORU-txt" rel="noopener"><span class="hoverquote-symbol">KORU</span></a> <span> - </span> <a target="_blank" class="in_copy newwin" href="https://www.zacks.com/registration/premium/login/?ALERT=zrmodule&mode=etf&t=KORU&icid=2080641-tx-TOP_ZRMODULE-KORU&ADID=ZCOM_ARTICLEBODY_TCK_AMP&icid=BLOG-ETF_News_and_Commentary-2080641-free_report-commentary_body-KORU" title="Free Report" rel="noopener">Free Report</a>) – Up 16.4%</p><p>The KOSPI elevated 14.98% because the starting of 2023, based on buying and selling on a contract for distinction that tracks this benchmark index from South Korea. Strong Chinese language export knowledge and a strengthening received helped the South Korean market achieve. In South Korea, a agency received bolsters inventory costs, as its worth is supported by the danger urge for food of overseas buyers.</p><p><strong>Microsectors U.S. Large Banks 3X ETN</strong> (<a target="_blank" href="https://www.zacks.com/funds/etf/BNKU" class="hoverquote-container-od analytics_tracking hoverquote-pos" id="commentary_body-BNKU-txt" rel="noopener"><span class="hoverquote-symbol">BNKU</span></a> <span> - </span> <a target="_blank" class="in_copy newwin" href="https://www.zacks.com/registration/premium/login/?ALERT=zrmodule&mode=etf&t=BNKU&icid=2080641-tx-TOP_ZRMODULE-BNKU&ADID=ZCOM_ARTICLEBODY_TCK_AMP&icid=BLOG-ETF_News_and_Commentary-2080641-free_report-commentary_body-BNKU" title="Free Report" rel="noopener">Free Report</a>) – Up 11.1%</p><p>Final week, financial institution shares skilled beneficial properties as JPMorgan, Citigroup and Wells Fargo exceeded quarterly expectations, regardless of the turmoil attributable to the collapse of the 2 main regional banks in March.</p><p><strong>Homebuilders & Suppliers Bull 3X Direxion</strong> (<a target="_blank" href="https://www.zacks.com/funds/etf/NAIL" class="hoverquote-container-od analytics_tracking hoverquote-pos" id="commentary_body-NAIL-txt" rel="noopener"><span class="hoverquote-symbol">NAIL</span></a> <span> - </span> <a target="_blank" class="in_copy newwin" href="https://www.zacks.com/registration/premium/login/?ALERT=zrmodule&mode=etf&t=NAIL&icid=2080641-tx-TOP_ZRMODULE-NAIL&ADID=ZCOM_ARTICLEBODY_TCK_AMP&icid=BLOG-ETF_News_and_Commentary-2080641-free_report-commentary_body-NAIL" title="Free Report" rel="noopener">Free Report</a>) – Up 10.6%</p><p>Due to the cues of cooling inflation, there are excessive probabilities that the Fed could not go on a fee hike spree within the coming days. On Friday, Atlanta Fed President Raphael Bostic said {that a} 0.25% fee hike might allow the central financial institution to conclude its tightening cycle with the reassurance that the year-long process has guided inflation towards the financial institution’s 2% goal. This could end in a decline in charges, which is a plus for housing shares and ETFs.</p><p> <strong>Need key ETF data delivered straight to your inbox? </strong></p> <p> Zacks’ free Fund E-newsletter will temporary you on high information and evaluation, in addition to top-performing ETFs, every week.</p><p><strong><a target="_blank" href="https://www.zacks.com/registration/newsletter/?type=FND&adid=ZCOM_ZU_FUNDSNEWSLETTERMONEYSENSEEDCETF_ETFNEWSANDCOMMENTARY_041823&icid=blog-etf_news_and_commentary-fundsnewslettermoneysenseedcetf|041823-zu-commentary_blog-text-eoac" rel="noopener">Get it free >></a></strong></p>
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