PSQ - PSQ: My Top Hedge Idea For Your IRA And 401(K)

2024-03-22 13:35:00 ET

Summary

• ProShares Short QQQ can be used to hedge your Big Tech gains and offset potential portfolio downside in a Wall Street bear market this year.
• The ETF's high cash investment yield, on a Treasury position beyond 100% of current market capitalization, is working in your favor.
• PSQ is often available to be traded in tax-free accounts, while direct short sales, more leveraged ETFs, and many option contract strategies are not.

I am reiterating my Buy rating for ProShares Short QQQ ( PSQ ), used as a counterweight against longs in your brokerage account. In a November article here , I talked about the interesting and unique ability of this inverse ETF to hedge the oversized Big Tech gains of 2023 in portfolio designs....

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