Yahoo Finance data shows inverse ETFs like SQQQ attracting retail interest amid uncertain macro trends. The fund’s leverage magnifies daily moves, making timing critical for profitability. Notably, the 10-year benchmark U.S. Treasury yield jumped to 4.56% on Apr 11, 2024 from 4.33% recorded on Apr 1, 2024. The average rate on the 30-year mortgage increased to 7.37% on Thursday, a steep climb from 7.11% at the beginning of the week, according to Mortgage News Daily, quoted on Yahoo Finance. Apple ( AAPL ) touched intraday highs after a price target raise to a Street high of $325 from Wedbush analysts Dan Ives. SQQQ’s moving averages compiled from Yahoo Finance are converging, a technical precursor to volatility expansion. Traders are alert to economic data releases as potential catalysts.
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