Bloomberg reporting on the money flowing into leveraged ETFs shorting S&P and Nasdaq, as well as value stocks, and value ETFs:
“…one of the largest inflows as a percentage of market capitalization for all US exchange-traded products above $500 million in assets.
“We do not believe the bottom is in for stocks, especially as the bond market, with inverted yield curves on the 2-10s and 2-30s, is reflecting tough economic times ahead,” said Michael Landsberg, chief investment officer of Landsberg Bennett Private Wealth Management, in emailed comments. “While many investors are focused on a retest of the mid-June lows, we believe the market has the potential to fall below that threshold.””
https://www.bloomberg.com/news/articles/2022-08-31/proshares-short-s-p500-gains-daily-inflow-of-154-4-million
