We can only assume this is some chaoitic ETF liquidty disaster but, quietly under the headlines, the so-called "Dogs of The Dow" ETF – a basket of the highest-yielding equities in The Dow – has exploded from $16.50 to $21.60 in the last 3 days.
This 31% spike however, has now been erased in one day as the ETF collapsed back to reality.
So much for the liquidty-providers…and "reaching for yield"… and being "paid to wait."
As @JLyonsFundMgmt exclaims "parts of this ETF business are getting way out of hand!"
Запись ETF WTF – “Dogs Of The Dow” Dead-Cat-Bounce Dies Horrible Death впервые появилась crude-oil.top.