When your back is against the wall with five weeks to go to make up a year of underperformance, where to get the kind of supercharged performance that can catch up to dumb beta?
Presenting the high Beta portfolio:
These stocks which go up the fastest, are now supporting the entire S&P.
Needless to say, they go down the fastest as well...
First, the ETF itself:
Appetite for Risk:
The ratio of High Beta to Low Beta:
Next, under the category of you can't make this shit up, the company that underwrites the high Beta ETF:
Invesco...
Schwab of course
Lincoln National
United Airlines. Nothing to see here...
Micron
And Wynn Casinos...
There are also a bunch of junk Energy stocks in this ETF which I didn't show, so instead I will show the Energy stock ETF, with junk bonds and oil, as a reminder for what happens next week...When the most overleveraged, overowned high beta junk stocks get tied to NOPEC, to see if they'll float...
