A leveraged trading strategy known as Return Stacking, which collapsed during the 2008 financial crisis, is making a resurgence on Wall Street. The strategy, which has been criticized for its unsustainable nature, is now being reintroduced with modifications that its designers claim address previous issues. A notable development in this trend is the launch of a $600 million exchange-traded fund (ETF) aimed at revitalizing this investment approach. As investors seek simplicity, the question arises whether taking on leverage for minimal additional returns is justified. This renewed interest in leveraged trades coincides with a broader trend of increasing popularity for private credit investments and a significant rise in demand for Treasury ETFs, with F/m’s TBIL surpassing $4 billion in just two years.