- ProShares Online Retail ETF (ONLN) has come under heavy selling pressure in 2022. This steep sell-off seems a bit overdone in my view.
- I continue to view the fund's top-heavy approach unfavorably. That said, it is hard not to like the value at these levels.
- The American consumer will remain pinched by inflation and rising interest rates. Yet, we should acknowledge that there is only so high the Fed can raise their benchmark rate.
- This is because federal debt is increasing at an alarming rate, and raising interest rates too much will crimp the government's ability to properly fund social and military programs.
For further details see:
ONLN: Sell-Off Seems Overdone