leveraged ETFs resets leverage every day through swaps and other derivatives. volatility decay(beta slippage) will cause it to lose value
we are in a corrective environment for the moment
I’ve traded enough of these cycles to know the peak isn’t announced with a trumpet — it’s when the last skeptic throws in the towel and the marginal buyer is exhausted. Dry powder wins again here. Position for the pullback, stay nimble, and remember:
Just wait for the opportunity once more of this correction is over. Plenty of weak hands in AI, semi, space, optical what will sell for weeks. ETFs incl.