Direxion Daily Technology Bear 3X ETF
The technology sector, which usually drives the performance of the US stock market, also slowed down last year and declined 3.08%.
The information technology sector shined last year. A rapid increase in tech stocks and earnings growth contributed to the bull run.
Most investors are well aware of how fabulous tech stocks have been this year. As mentioned, the tech-heavy NASDAQ is up over 25%, while the Philadelphia Semiconductor Index, or SOX, is up over 37% this year.
Hedge with an inverse ETF Finally, there are exchange-traded funds. These tools may be used when seeking to hedge the market. As their name reveals, inverse ETFs go up when the market goes down, and they go down when the market goes up. Inverse ETFs allow you to seek the opposite return of specific sectors, […]