Banking Crisis 2.0? The "Contagion" ETF That Gains 3% for Every 1% Banks Drop
The Motley Fool·2026-02-22 17:00
The Direxion Daily Financial Bear 3X Shares is still useful for some traders, but don't expect it to act like 2008 is back.Lost in the commotion of the Global Financial Crisis was the fact that, back then, exchange-traded funds (ETFs) were young. They still are in financial market terms, but in 2008, the State Street SPDR® S&P 500 ETF Trust, which was the first ETF to trade in U.S., was just 15 years old. Yet even with that relative youth, one of the "stars" of the crisis was an ETF: The Direxion Daily Fina ...