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ProShares Ultra VIX Short-Term Futures ETF (UVXY)

NYSE
Currency in USD
Disclaimer
33.22
-0.49(-1.45%)
Closed
After Hours
34.14+0.92(+2.77%)

UVXY Comments

People seem to have a lot of faith in the Powell Put, as I like to call it. They've been trying to use QE and government stimulus since 2008 and it gave us the weakest financial recovery in U.S. history. Food and other prices such as timber have risen and many businesses of all sizes are close to insolvency and laying off people, hoping another stimulus is enacted. Now the government is going to rev up the fear mongering of global climate change. When people have food insecurity, as they like to call it, and worried about their jobs, they're not going to spend much time thinking about the environment. Be very careful, the various markets are irrational at this point.
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