AMDD is trading 3.1% down today as major indices and risk assets rebound, pressuring the inverse equity ETF after last week’s volatility-driven gains.
- The S&P 500 and Nasdaq Composite are both up strongly, reflecting a renewed appetite for growth and AI-related names despite BIS warnings about AI infrastructure risks.
- Short-term traders are actively unwinding inverse positions as tech and broader equities rally, reversing the momentum seen during the previous week's downturn.