The market has shifted from consistent gains to increased volatility, signaling a potentially turbulent 2025, driven by factors like tariff news and economic uncertainty. Investors should proactively "de-risk" their portfolios by reducing leverage and high-beta investments, rather than reacting with "panic de-risking" during market downturns. The ProShares Ultra Technology ETF, a 2x leveraged technology fund, amplifies both gains and losses, making it particularly risky in a volatile market.