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