It's no secret that more workers are utilizing platforms and services that make it easier to work from home than ever before for the United State's workforce. Examples can be seen by Zoom Video Conference's
To match the investing demand into these now popular technologies, Direxion is planning to launch a new "work-from-home" Exchange-Traded Fund that will run under the ticker WFH. According the to ETF provider's filing made to the Securities and Exchange Commission on Tuesday, the fund will track an index that provides technological infrastructure that enables remote work. This can include cybersecurity, cloud technologies and remote communication. However, the ETF is not designed to outperform the index it tracks.
For an overview of the broader market, Wall Street has shown some positive signs of life this week due to data showing that the rate of coronavirus infections may be slowing in the United States. All other negative data that has been reported so far this week, like unemployment claims, was also anticipated by market participants, causing no reactionary blow to stocks.
Now seems to be a great time to start anticipating a market rebound that will come once the coronavirus bear market is over.
Invesco QQQ ETF
An even broader market ETF that focuses on growth is iShares Russell 1000 Growth ETF
Another great fund to consider in anticipation of consumer spending growth is Consumer Discretionary Select Sector SPDR Fund