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Leveraged ETFs For Upside Juice and Downside Protection

I'm interested in the best use of these instruments for a non rocket-scientist, and haven't yet dipped a toe in. However, with respect to overall portfolio risk, it seems to me the obverse of the "ultra" performance is that, for example, you could have the equivalent of plain vanilla SPY performance as a "core" portfolio holding, with exactly half the capital investment. Obviously, the ups and downs of that holding will be more breathtaking, but the "ultra" cautious investor could usefully put the freed-up half of the core into income or other prudently diversified asset classes that might be unaffordable when so much capital is being tied up in SPY. So I'm not sure the "best use" is necessarily as an STP treatment instead of a main fuel.

Shorts, Rejoice: Double-Inverse ETFs To Begin Trading Thursday

DOG, MYY, PSQ and MYY are not "2x" but "1x" inverse their respective indices, and they are already trading on Amex (as per earlier discussions.) On July 4 Roger Nussbaum indicated their was no launch date for the double-shorts yet:

etf.seekingalpha.com/a...