A few leveraged/hedge ETFs paint the current risk-off picture: $Microsectors Gold Miners -3x Inverse Leveraged ETN(GDXD.US) surged +15% in a day, meaning gold miners are being heavily shorted, and the gold sector is under pressure from a strong US dollar; $Direxion 20+Yr Trsry Bull 3X(TMF.US), $A GX HSCEICC(03416.HK), and $Alpha Architect 1-3 Month Box ETF(BOXX.US) barely moved. It's worth noting that this is a risk-off day, but money hasn't flooded into long-term bonds for safety—the US dollar hitting a 13-month high has siphoned off the safe-haven flows that should have gone to gold and bonds. If you want to hedge with such tools, something like the inverse gold miners ETF, which is highly volatile and quick to give back gains, is only suitable for short-term trading.