Still Bearish On EM, But Less So

Vijit Bagh/Pexels

A Quick Update

Portfolio Armor is still bullish on the Direxion Daily MSCI Emerging Markets Bear 3X Shares (EDZ), a leveraged bet against emerging markets, but it was not in our top ten as of Wednesday’s close.

The same is true of other inverse ETFs I’ve mentioned here recently: the Direxion Daily Gold Miners Index Bear 2X Shares (DUST), Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV), ProShares UltraPro Short 20+ Year Treasury (TTT), and Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS).

I’ve been meaning to write an update on the Ukraine War, given all that’s happened this week, but in the meantime I wanted to mention this. Timing entries with volatile names such as leveraged ETFs is tricky, and something our new factor (described here) seems to have improved.

If You Want To Stay In Touch

You can follow Portfolio Armor on Twitter here, subscribe to our occasional email list here, download our hedging app here, or visit our website by clicking the image below.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: