The financial sector has an ETF that tracks the sector ($XLF) and it had a whopping 15.7% gain today. In fact, today’s gains in the ETF are the largest ever for the 10 year existence of the XLF. Three of the largest holdings are Bank of America ($BAC), JP Morgan ($JPM) and Wells Fargo ($WFC).
Lever Up!
Every one of the top 10 ETFs ranked by trade volume via percent change for July were leveraged vehicles. Disturbing trend to me. Options are already perceived as a “gamble” or “too risky” by those unfamiliar with how they work and large leveraged losses can only add to that stigma over time. To the risk