All Work

Austin Smith

Crude Oil’s $114 Spike Changes Everything

Crude oil is the loudest macro story of 2026, and the cleanest way to express a view on it without owning physical barrels is through exchange-traded funds. This piece focuses on four: the United…

Austin Smith · 4 months ago

After 11% Wipeout, XSD Investors Must Hate Broadcom

A $10,000 position in the SPDR S&P Semiconductor ETF (NYSEARCA:XSD) at the close on Thursday was worth roughly $8,873 by Friday’s close, and the people who got there did not own a single share…

Austin Smith · 4 months ago

USD Implodes 17% And June 8th Could Be Worse

A 2x leveraged semiconductor ETF will eventually give you a day like June 5, 2026. ProShares Ultra Semiconductors (NYSEARCA:USD), which seeks twice the daily return of the Dow Jones U.S. Semiconductors Index, closed at…

Austin Smith · 4 months ago

AGQ Crashed 16% Before Anyone Realized What Was Happening

A $10,000 position in ProShares Ultra Silver (NYSEARCA:AGQ) at Friday’s open was worth roughly $8,376 by the closing bell. The fund opened June 5, 2026 around $109.85 and closed at $92.01, a single-session drop…

Austin Smith · 4 months ago