(https://www.cnbc.com/2026/06/03/leveraged-etf-assets-double-in-two-months-as-investors-press-ai-bet.html) is the headline, but (https://www.cnbc.com/2026/06/03/sellers-delisting-homes-redfin.html) — that's the setup. Retail is using leverage to chase the "new new" while consumers are already rationing discretionary spending.

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