Reported 2 months ago
The Nasdaq Composite Index has entered correction territory, down 10% from its July peak, driven by lackluster jobs data and disappointing earnings from Amazon and Intel. In response, inverse ETFs, which benefit from market downturns, have seen significant increases in value, including Direxion Daily Semiconductor Bear 3X Shares and MicroSectors FANG & Innovation -3X Inverse Leveraged ETN. While these products provide opportunities for short-term gains, their potential for high losses in volatile markets should be carefully considered.
Source: YAHOO