Why is there no 2x leveraged SPMO? You can get every trend stock daily leveraged nowadays but where is a lev momentum etf?

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Something new from ProShares:
https://www.proshares.com/our-etfs/leveraged-and-inverse/eqqq

QLD is about 1/3 of my total portfolio, so I will keep on eye on this one.

Introducing EQQQ

The Nasdaq-100 represents many of the market’s most innovative and growth-oriented companies. In recent years, however, its performance has become increasingly concentrated in a limited number of mega-cap stocks. Today, just 10 companies account for more than 45% of the Nasdaq-100.

For investors seeking leveraged exposure to the growth potential of Nasdaq-100 companies with less influence from the index’s largest names, we’re pleased to introduce ProShares Ultra QQQ Equal Weight (NASDAQ: EQQQ)—the only ETF designed to target 2x daily returns of the Nasdaq-100 Equal Weighted Index.

The Nasdaq-100 Equal Weighted Index holds the same securities as the market-cap-weighted Nasdaq-100, but instead of weighting them by market capitalization, it resets each company to an equal weight at each quarterly rebalance. This increases the relative influence of the index’s smaller constituents and provides exposure that is less dominated by its largest companies.

Article from The Italian Leather Sofa blog.

Summary:

The main portfolio tested was a 2x levered static mix of Global Equities, Gold, Long Treasuries, Managed Futures.

Across every percentile I tested, the safe withdrawal rate (SWR) went up when leverage was applied, even in the worst-case scenario.

If I had to boil this whole exercise down to one sentence: the original safe-withdrawal-rate research was pointed in the right direction, but it probably wasn’t bold enough.

A well-diversified portfolio gets you a long way on its own... But adding leverage on top of genuine diversification, along with a mix of inflation-reactive assets, appears to do meaningfully better.

None of this is a reason to go max leverage tomorrow. It’s a reason to take the boring, diversified, moderately-levered version of this idea more seriously than it usually gets credit for.

It's got me thinking:

• It's well accepted that we have lower SWR in the UK than the US, largely because of inflation / various not being the global reserve currency effects. The best way the hedge this is probably to hold a significant amount of inflation protected GILTs, which you can use as income during inflation-adjusted drawdowns. Using a modest amount of leverage in retirement could then be seen as a way of buying extra inflation protected GILTs, as well as any other diversifiers. This probably suits the bucket approach to retirement allocation well, and would also apply to US investors, perhaps just to a lesser extent.
• We also don't have return stacked options (other than Wisdom Tree 90/60 Equities/Bonds). And I'm not sure that a daily-reset static LETF allocation would appeal to me in retirement. But presumably this also works in general with a modest amount of leverage applied to TAA strategies. In fact, I would have thought it would work even better, since TAA also increases SWR, and this is certainly what I have found so far during backtests and reading up.
• It's weird that the leverage and additional diversifier parts of Modern Portfolio Theory are still often seen as objectively risky and imprudent, rather than it being a matter of personal risk style, despite all the data and theory behind it holding up even through worst case Monte Carlo sequence of returns. But then it took us ages to accept that diversification and index funds were a good idea, so maybe it's just that happening again and we'll get there soon!

I came across this article on the Banker on Wheels blog. I highly recommend it. It's one of the few blogs that is well researched and takes a genuinely balanced approach to simple vs active and leveraged investment approaches.