While Pigs Get Fed—Hogs Get Slaughtered

Warning Signs That the Exponential Growth of Leveraged ETFs Could Create Market Contagion

There’s an old Wall Street proverb:

“While pigs may get fed, hogs get slaughtered.”

In other words, when greed overtakes prudence, excess leverage eventually finds its reckoning.

In 2025, few corners of the market embody that dynamic better than leveraged exchange-tra…