FYI: Fear continues to grip traders and investors in a wrestling match between a market filled with fundamental promise and a global and domestic economic picture that is just this side of bedlam. Major U.S. indexes continue to rise and fall by full percentage points daily, moving in tune with downward pressure from Nasdaq-listed tech stocks like Facebook, Inc. FB, +0.63% and Apple, Inc. AAPL, -2.78% At the same time, fears persist of the costs of a perceived potential trade war with China and how that might impact industries from agriculture to aerospace.
All of this is making traders antsy. So, we took a look at the fund flow of a selection of Direxion leveraged specialty and sector ETFs. Because of their use as a hedging and short-term trading vehicle, these ETFs can paint an interesting picture of where traders are turning in the midst of a market seemingly at war with itself.
Regards,
Ted
https://www.marketwatch.com/story/as-the-market-scrambles-over-tech-and-trade-fears-etf-fund-flow-signals-interesting-rotation-2018-04-19-11465225/print
