ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[leopard messiah]

This is interesting regarding the big picture, longer-term view:


Trillions of dollars flowing to risk-tolerant Millennials are set to boost stock market fundamentals for years, making it hard to be too bearish, Fundstrat's Tom Lee wrote in a note on Friday.

Building on past research, Lee pointed to four factors that show the scale of the generational wealth transfer underway:

1. $2 trillion of wealth flows from Baby Boomers to Millennials per year through inheritance, according to Fundstrat estimates

2. Over the next 20 years, Millennials will inherit $76 trillion from previous generations

3. Millennials tend to prefer higher-risk assets like stocks and crypto

4. Baby Boomers are becoming a smaller relative share of the pool of wealth, meaning Millennial asset preferences will fuel a structural shift