Wall Street is poised to wrap up the month of July with strong gains buoyed by better-than-expected earnings, receding inflation pressure, and hopes that the Fed's monetary policy tightening is coming to an end.

The MEME ETF, the first ETF designed to track the performance of meme stocks, has gained 61% this year.

Wall Street has rebounded strongly in the first half of 2023, setting the stage for big gains. Given this backdrop, this text highlights three ETFs -- each from the best and worst-performing zones of the first half of the year.

Based on minutes, the ETFs, which lost the most last week and are the major beneficiaries of a slower rate hike, are expected to resume the rally in the weeks ahead.

ETFs targeting meme stocks have been on the rise over the past month.