Zebra Technologies, SBA Communications Lead Early Gains

Last week, leveraged and inverse ETFs saw significant gains amid heightened market volatility driven by concerns over growth, tariffs, and trade uncertainty. Funds offering short leverage to the Dow Jones U.S. Semiconductors Index and inverse exposure to Tesla stock were top performers, with Tesla's inverse ETF benefiting from the company's largest-ever sales drop and increased competition in the EV market. Market stress escalated due to new U.S. tariff policies, falling earnings estimates, and fears of a potential recession, further fueling the performance of volatility-linked ETFs. Inverse ETFs tracking Nvidia stock also performed strongly as U.S. export restrictions and growing U.S.-China trade tensions weighed on the semiconductor sector. Additionally, gold-focused leveraged ETFs gained as investors sought safe havens amid escalating trade tensions, particularly between the U.S. and China.