|Bid||22.5700 x 1000|
|Ask||22.5800 x 1200|
|Day's Range||22.4700 - 22.6300|
|52 Week Range||22.4700 - 40.7000|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.93%|
Morgan Stanley's chief U.S. equity strategist Michael Wilson warned the equity market is heading toward a destructive phase, CNBC reports. "The Nasdaq could correct by 15 percent plus, the S&P 500 probably goes down about 10 [percent]," Wilson told CNBC.
Trade tensions, especially between the world’s two largest economies, have been playing foul on the stock market over the past several months. The new tariff will go into effect sometime after Aug 30. China’s commerce ministry called the U.S. actions “completely unacceptable” and warned of retaliatory moves.
The latest shot in the escalating trade dispute could prove to be catastrophic for stocks, thereby raising the appeal for inverse or leveraged inverse ETFs that could generate big gains in a short span.
For starters, you MUST have a diversified long-term portfolio with many forms of low-volatility, non-correlated investments like The Liberty Portfolio, my stock advisory newsletter. The Liberty Portfolio is specifically designed for all market periods, up or down, bull or bear. The simplest and most straightforward leveraged ETFs move on a bear stock market is the Direxion Daily S&P 500 Bear 3x ETF (NYSEARCA:SPXS).
After eight long years of gains, the bull may be getting a tad bit tired. Stock valuations are near historic highs, there has been some weakness with economic data and the markets have recently begun to take a breather. It seems that the bull might be running out of steam.
With rising Washington turmoil and looming tensions over North Korea, investors should short the S&P 500 index with these ETFs.