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home / news releases / FNGU - These 3 Measures Forecasted Every Major Downturn Since QT Started: What's Next


FNGU - These 3 Measures Forecasted Every Major Downturn Since QT Started: What's Next

Introduction

To call something hot, you need to see some heat" - Fed Chairman Powell (July 10, 2019)

Fed Chairman Powell gave us a lead-in on July 10th that all was not well. By the FOMC meeting on July 31st, we had our first reversal in Fed fund rate policy in 10 years. Critics suggest the 25 bps cut was too little, too late. My view is that the Fed's asset normalization policy that started in earnest in 2018 and still continues today may be too much, too fast.

So following the Federal Reserve

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Stock Information

Company Name: MicroSectors FANG Index 3X Leveraged ETNs due January 8 2038
Stock Symbol: FNGU
Market: NYSE

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