The ETFs like S&P Dividend, Nasdaq Income, and S&P Momentum are basically treading water, the 2x leveraged Nasdaq ETF has barely moved, only the Magnificent Seven ETF has dropped slightly by one point—several broad-based and strategy ETFs in the US stock market are all moving along the zero line today.
The major indices themselves haven't moved much today, the structural sell-offs are all happening in high-beta small-cap and growth stocks, while the broad-based layer appears calm. The advantage of holding such instruments is right here; they basically don't feel the daily sectoral storms.
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