Silbert pointed specifically to the ProShares Ultra VIX Short-Term Futures UVXY, +13.15%, which is designed to offer leveraged exposure, 1.5 times, to an index of volatility futures.
The UVXY isn’t the same as exposure the Cboe Volatility Index VIX, +16.62%, or VIX, but it does depend on markets going down to be a benefit to long owners. In any case, Silbert’s initial tweet about purchasing UVXY was met with some derision earlier this week, but he seemed to be enjoying the leveraged ETFs gains on Friday.
It is worth noting that Silbert knows a thing or two about equities: Second Market, a popular trading exchange for private-company stock that he founded in 2004, was sold to Nasdaq Inc. NDAQ in 2015 for an undisclosed sum.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks follow Wall Street lower amid concern of a Fed turning more hawkishAsian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks fall, bond yields rise as Fed discusses dialing back supportAsian stock markets have followed Wall Street lower after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought
Source: latimes - 🏆 11. / 82 Read more »
Explaining the volatile stock and bond market moves this week following the Fed's updateThe Fed unleashed a huge repositioning in markets, as investor reacted to a world where the central bank no longer guarantees its policies will remain easy. good luck
Source: CNBC - 🏆 12. / 72 Read more »
Dow plummets more than 500 points as volatility returns to stock marketAre the Wild West days of intense market volatility back on Wall Street? Stocks slid Friday after St. Louis Federal Reserve President James Bullard told CNBC he thinks the Fed should raise interest rates as soon as the end of next year. don’t care + Fox News is better + ratio None of my shit did well today Can you look into the illegal activities at the SEC_News and AMCTheatres please and thank you. congressdotgov FBI DOJPH dscc SenateGOP federalreserve IRSnews Either the sec is complicit or they are ignorant either way they are wrong. AMC
Source: CNN - 🏆 4. / 95 Read more »
Jim Cramer says the market is signaling that commodity inflation is 'pretty much over''The stock market, which is pretty correct on these matters, is saying that commodity inflation has already peaked,' CNBC's Jim Cramer said Thursday. thanks Why not just get your news from a fortune cookie Jim is correct on this one, still some more to fall.
Source: CNBC - 🏆 12. / 72 Read more »