Correlated Stock Forecasts

Assets that tend to move strongly with SPXU

SPXS Forecast   Direxion Daily S&P 500 Bear 3X Shares (1.0)

SDS Forecast   ProShares UltraShort S&P500 (0.99)

SH Forecast   ProShares Short S&P500 (0.98)

DOG Forecast   ProShares Short Dow30 (0.94)

SQQQ Forecast   ProShares UltraPro Short QQQ (0.91)

Anticorrelated Stock Forecasts

Assets that tend to move strongly against SPXU

NOBL Forecast   ProShares S&P 500 Dividend Aristocrats (-0.91)

NSA Forecast   National Storage Affiliates (-0.91)

MRVL Forecast   Marvell Technology (-0.9)

EPS Forecast   WisdomTree U.S. LargeCap (-0.9)

SPY Forecast    SPDR S&P 500 (-0.9)

ProShares UltraPro Short S&P 500 Forecast

ProShares UltraPro Short S&P 500 (SPXU)


Complement Helium's AI SPXU Forecast with Balanced News to Deepen Your Understanding

Inverse or Leveraged ETFs That More Than Doubled This Year - Yahoo Finance

The year 2022 has been brutal so far for the stock market, with the S&P 500 Index plunging in bear-market territory. Russia’s invasion of Ukraine, tightening monetary policy and surging prices continue to weigh on investor sentiment.While most of the sectors have been in the red this year, with technology being the hardest hit, energy has remained the outperformer. This has led to higher demand for leveraged and inverse-leveraged ETFs as these have fetched outsized returns on quick market turns in a short span. We highlight a bunch of the best-performing leveraged or inverse leveraged equity ETFs that have more than doubled in the first half of 2022.These include Daily Dow Jones Internet Bear 3X Shares WEBS, MicroSectors FANG & Innovation -3x Inverse Leveraged ETN BERZ, MicroSectors U.S. Big Oil Index 3X Leveraged ETN NRGU, ProShares UltraPro Short QQQ SQQQ and Direxion Daily S&P Biotech Bear 3x Shares LABD and will remain investors’ darlings, provided the sentiments remain bullish.Investors should note that the S&P 500 is down about 22% this year. If the year ends with this loss, the S&P 500 would register its worst annual decline since 2008 and its second-worst annual decline since 1974. On a total return basis, the index lost 37% in 2008 and 26.5% in 1974 (read: Winning Inverse ETFs in S&P 500's Worst Week Since 2020).With inflation soaring to a four-decade high, the Fed raised interest rates by 75 bps in its latest FOMC meeting — the biggest interest-rate increase since 1994 — and signaled continued tightening ahead, which could further weigh on stocks. Fed Chair Jerome Powell said another hike of 50 or 75 bps at the next meeting in July is likely.The latest rounds of data suggest a slowdown in economic activity in the key sectors. Mortgage rates reached their highest level in more than 13 years, while retail sales registered a bigger-than-expected drop in May as record gasoline prices prompted households to cut back on spending.As the global economy is strugg...
Yahoo     Jun 21, 2022