US Markets retreated on concerns of rate-hike, particularly after producer prices rose more than expected in November, supporting further rate hikes. Which incurred inverse energy & index ETFs surged.
- On the December 5-9 week market performance, DOW, S&P 500 and NASDAQ fell.
- Moreover, robust ISM services reports and hotter than expected PPI data may force the Federal Reserve to adopt a much more hawkish stance and resolve for their monetary policy going forward.
- Energy & Index fell, relevant inverse ETFs Surged. Bear 2X Shares DRIP ranks first for the week.
|Best Performing ETFs for The Week - Dec 5-9, 2022|
|1||DRIP||Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares||27.59%|
|2||LABD||Direxion Daily S&P Biotech Bear 3x Shares ETF||23.03%|
|3||SCO||ProShares UltraShort Bloomberg Crude Oil ETF||20.82%|
|4||BDRY||Breakwave Dry Bulk Shipping ETF||19.35%|
|5||DUG||ProShares UltraShort Oil & Gas||18.67%|
|6||ERY||Direxion Daily Energy Bear 2X Shares||18.53%|
|7||SRTY||ProShares UltraPro Short Russell2000 ETF||16.22%|
|8||TZA||Direxion Daily Small Cap Bear 3X Shares ETF||16.16%|
|9||WEBS||Direxion Daily Dow Jones Internet Bear 3X Shares ETF||13.06%|
|10||UVIX||2X LONG VIX FUTURES ETF||13.06%|
|11||HIBS||Direxion Daily S&P 500 High Beta Bear 3X Shares||13.06%|
|12||NOPE||NOBLE ABSOLUTE RETURN ETF||12.84%|
|13||SMDD||Ultrapro Short Midcap400||12.64%|
|14||FAZ||Direxion Daily Financial Bear 3X Shares ETF||12.49%|
|15||EIC||Eagle Point Income Co Inc||12.42%|
|16||SOGU||THE SHORT DE-SPAC ETF||11.52%|
|17||SQQQ||ProShares UltraPro Short QQQ ETF||11.25%|
|18||TWM||Proshares Trust Pshs Ulshrus2000 (Post Rev Split)||10.93%|
|19||SPXU||ProShares UltraPro Short S&P500 ETF||10.63%|
|20||SPXS||Direxion Daily S&P 500 Bear 3X Shares ETF||10.62%|
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