The tech-heavy Nasdaq Composite Index entered into correction territory (down 10% from the peak) last week thanks to a steep drop in the big tech stocks. This marks the 70th correction in its 52-year history. The so-called "Magnificent Seven" failed to reassure investors in the face of heightened geopolitical risks and rising Treasury yields.
This resulted in a spike in inverse or inverse leveraged tech/Nasdaq ETFs as these fetch outsi...