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CLDS (Direxion Daily Cloud Computing Bear 2X Shares) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
2023's market rally continues to center itself on the big tech comeback with certain themes exhibiting strength like artificial intelligence (AI) and cloud computing. While these themes can offer traders short-term opportunities, they can also persist in the long term as growth plays.
The market rally might be taking a breather in the month of August, but the growth prospects of cloud computing look promising in the long-term horizon. That said, traders could take advantage of the recent pullback and capitalize on future strength.
Just like the overall broader tech market, cloud computing took a hit in 2022 amid inflation fears, but as the space continues to rebound in 2023, short-term obstacles could provide opportunities for traders such as the latest probe by Ofcom, the U.K.'s communications regulator.
At the beginning of the pandemic, the sun was shining on cloud computing as social distancing measures stressed a focus on online business models. Now, bearish sentiment is pushing the space lower, making way for gains in inverse exchange traded funds (ETFs) focused on cloud computing.
2022 has so far left eclipsed 2021 when it comes to closures.
At the height of the pandemic, cloud computing stocks were one of the strongest subsectors of tech. However, the sector could be suffering a case of too much too soon as valuations of cloud computing companies got elevated to lofty heights, which is allowing bears to prosper amid inflation pressures on tech in 2022.
Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Big technology stocks are facing their biggest rout in more than a decade. The S&P 500's information-technology sector has dropped 20% so far this year.