Related: 5 Best-Performing Inverse ETPs Thus Far this Year
Amid ongoing weakness in financial services names, FAZ was popular with traders in the third quarter, hauling $28.66 million in new assets.
“Due to the complacency surrounding the effect of rising rates on Wall Street among investors, Bove says it’s important to get more vocal about his bear case,” notes CNBC.
The week starting Oct. 8th sees the financial services sector earnings deluge commence. From Oct. 8th though Oct. 19th, about 41% of the Russell 1000 Financial Services Index reports third-quarter earnings, according to Direxion. The following two weeks sees over 53% of the index’s components report earnings.
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