Wall Street was subdued last week due to the Fed's taper talks. As a result, these inverse ETFs won massively.
For ETF investors, who are bearish on equities for the near term, these products could make an interesting choice.
Wall Street has stumbled on rising inflationary pressures with all the three major indices sliding deep in red this week.
Wall Street crashed last week with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 losing about 2.5%, 1.8%, 4.9% and 2.4%, respectively.
A rise in coronavirus cases outside China has intensified the scare for global markets. These inverse ETFs posted solid gains.
Europe and bear leveraged emerging market ETF witnessed considerable trading volume on Tuesday.
The myriad woes have resulted in huge demand for inverse or leveraged inverse ETFs for investors seeking to make big gains in a short span.
Hawkish Fed outlook and renewed trade tensions shook the market to start August. These inverse ETF areas could be on a tear in the near term.