Risky leveraged ETFs may have given the market a boost in April. Why that's not a good thing

Stocks soared to new heights in April, and leveraged exchange-traded funds may have added fuel to that fire. As the S & P 500 saw its best monthly performance in more than five years last month, flows into mutual funds and ETFs held steady at roughly $90 billion, according to JPMorgan. However, when incorporating a $100 billion rebalancing flow from leveraged ETFs, the net flow from global equity funds totaled a new record of $190 billion, the firm added. …