In a market whipsawed by AI hype, tariff fears and geopolitical headlines, today’s traders are not committing – they’re swiping right on volatility and moving fast. The most active market participants are increasingly using leveraged and inverse ETFs to play quick, high-conviction moves – not long-term narratives, Jake Behan, head of Capital Markets at Direxion, told Benzinga in an exclusive Q&A email.
A case in point: Palantir Technologies Inc (NASDAQ:PLTR). After a solid earnings report in May, its stock plunged over 12% as investors questioned whether the company’s AI-fueled growth spurt was sustainable. That didn’t stop flows. Direxion saw activity in both its Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) and the Direxion Daily PLTR Bear 1X Shares …