Editorial companion

What stands out

KraneShares Chief Investment Officer Brendan Ahern told "Making Money" on Fox Business that leveraged Exchange-Traded Funds (ETFs) are putting pressure on the U.S. momentum trade. The comment matters because a CIO saying this is not theoretical; leveraged ETFs amplify flows, concentrate bets, and can turn gradual momentum into abrupt reversals when positions unwind. If large pools of leverage change direction at once, momentum strategies face crowded exits that drive volatility beyond what fundamentals justify.