🔴 Inverse Equity ETF (SNDQ) is trading 13.19% down as U.S. stocks rebound after the Fed decision

SNDQ is trading at $13.49 (-13.19%) as major U.S. equity indexes rally, directly pressuring this inverse-equity ETF.

• S&P 500 and Nasdaq futures rose after markets moved past the Federal Reserve’s September 16 rate hike.
• Falling oil prices and lower Treasury yields improved risk sentiment.
• The Fed raised rates 25 basis points to 3.75%-4.00%, but removal of immediate policy uncertainty supported the September 17 rebound.