New Trade for September 9th, 2022

The major averages were positive this morning, adding to yesterday’s gains and looking to snap a three-week losing streak.  As of Thursday’s close, the Dow was 1.45% higher, the S&P 500 was up 2.09%, and the Nasdaq Composite had gained 1.99% for the week.  

Many on Wall Street are questioning the recent optimism considering recent hawkish comments from Fed officials.  “I think that people are grossly underestimating what the Fed is going to have to do to fight inflation,”  said Richard Bernstein Advisors CEO Richard Bernstein.  

Bearish investors looking to add an extra layer of benefits to backslides in technology stocks may want to go near-term short on the Nasdaq- 100 Index.  Today we’ll highlight the method many of the pros on Wall Street use for doing just that.  However, you don’t need to be a professional to employ this tactic.  



The ProShares Short QQQ (PSQ) fund offers inverse exposure to an index comprised of the 100 largest nonfinancial securities on the NASDAQ, making it a potentially attractive option for investors looking to bet against this sector of the U.S. economy.  

It’s important to note that PSQ is designed to deliver inverse results over a single trading session, with exposure resetting every month.  Investors considering this ETF should understand how that nuance impacts the risk/return profile and realize the potential for “return erosion” in volatile markets.  PSQ should not be found in a long-term, buy-and-hold portfolio but may be a valuable tool for more active investors looking to hedge existing exposure or bet on a decline in the top nonfinancial NASDAQ securities.

ProShares Short QQQ (PSQ) Data Summary

  1. Net Assets   1.29B
  2. Expense Ratio  0.95%
  3. YTD Daily Total Return   23.62%

Should you invest in PSQ right now?

Before you consider buying PSQ, you'll want to see this.

Investing legend, Keith Kohl just revealed his #1 stock for 2022...

And it's not PSQ.

Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.

Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.

Find that to be extraordinary?

Click here to watch his presentation, and decide for yourself...

But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.

Click here to find out the name and ticker of Keith's #1 pick...





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