TNA is trading 2.1% down on August 24 as the Russell 2000 declines approximately 0.5% to 0.6%, with the fund’s three-times leveraged exposure magnifying that weakness.

  • A quiet economic calendar offers no supportive catalyst, while sector rotation favors large-cap value over risk-sensitive smaller companies.
  • Investors remain cautious ahead of Nvidia’s earnings and the Federal Reserve’s Jackson Hole symposium later this week.