Capital Flows and Asset MarketsLEVERAGED ETFS WILL BE A PROBLEM2441×Preview0:00Current time: 0:00 / Total time: -0:41-0:41Audio playback is not supported on your browser. Please upgrade.LEVERAGED ETFS WILL BE A PROBLEMLeverage can turn a good idea in a bad investment very quickly.Russell ClarkJun 23, 2026∙ Paid244ShareSubscribeThe use of levered ETFs has grown substantially over the years. This year has seen record notional volumes.200 stocks have their own levered or inverse stock ETF now.It should be unsurprising that long leveraged ETFs dominate.This post is for paid subscribersSubscribeAlready a paid subscriber? Sign inCapital Flows and Asset MarketsExplaining how capital flows and asset markets workExplaining how capital flows and asset markets workSubscribeListen onSubstack AppRSS FeedAppears in episodeRussell ClarkRecent EpisodesMACRO AND THE PRO LABOUR TRADE Sep 18 • Russell ClarkA REVERSE GFC?Sep 16 • Russell ClarkWHY LONG/SHORT HEDGE FUNDS ARE NO GOOD ANYMORESep 15 • Russell ClarkTHE TREAURY BUYBACK IS TOO SMALLSep 14 • Russell ClarkOBSERVATIONS ON CURRENCIESSep 11 • Russell ClarkWHAT TO DO ABOUT THE YEN? PART 2Sep 9 • Russell ClarkWHAT TO DO ABOUT YEN?Sep 8 • Russell ClarkIS IT THE END OF THE ROAD FOR GLD/TLT?Sep 7 • Russell Clark