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....
Read the full article on Seeking Alpha
For further details see:
PSQ: My Top Hedge Idea For Your IRA And 401(K)