ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[Marketwise]

I hear you. I sold earlier at 10.91 in the pre-market but my re-buy at 10.40 hasn't filled yet. Close but no cigar, lol. You are right. There should be far more downside risk at this point than upside. We know Fed policy, i.e. monetary policy, has been a major, major driver of this market over the past eight years with their unprecedented inflation to the money supply. However those days are now behind us and Trump will have his hands full trying to get his fiscal stimulus and agenda through congress; some major obstacles there. So here we are. How will the S&P and other markets respond from here? Rationally with a much needed correction? I would certainly hope so....but, as always, we shall see....