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.
Higher rates tend to hit hard the technology sector as it relies on easy borrowing for superior growth.
Last week was extremely volatile for Wall Street with the S&P 500, the Dow Jones and the Nasdaq losing about 2.5%, 1.7% and 4.1%, respectively.
The Nasdaq slumped to the correction territory (down 10% from the peak) in just three days, representing its quickest plunge ever from a record close.
The rapidly spreading coronavirus has made investors jittery this week, sending the global market into a tailspin. This has resulted in strong demand for inverse or inverse leveraged ETFs.
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.
We have highlighted five leveraged inverse ETFs that gained more than 40% in May though these involve a great deal of risk when compared to traditional products.
The Zacks Analyst Blog Highlights: YANG, SOXS, FNGD, EDZ and TECS
The trade fight has raised the appeal for inverse leveraged ETFs as investors can seek higher returns in a short time span.
The trade fight has raised the appeal for inverse leveraged ETFs as investors can seek higher returns in a short time span.
