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SSO offers 2x daily S&P 500 exposure, making it suitable only for active traders due to daily resets and compounding risk. Read more on why I recommend SSO.
Due to the leveraged nature of SSO, this increase is even higher. If the S&P 500 drops by 10% today, it needs to increase by 11.11% tomorrow to break even if you owned a non-leveraged S&P 500 ETF.