It's a special edition of Behind the Idea, as we're talking about our own book. Specifically, Mike's position in the ProShares Short QQQ ETF (PSQ), an inverse ETF for the Nasdaq 100 (QQQ). A short-term oriented, ETF position based on a technical/momentum strategy: it seems like an anathema to the typical Behind the Idea fare. But there's a method to Mike's madness, and we try to pick it apart.
Topics covered:
3:30 minute mark - Breaking down PSQ as a position 7:15 - The ups and downs of investing in a short ETF as compared to individual short ideas 16:15 - Why so bearish on the Nasdaq in the first place? 20:15 - How do you deal with false signals? 26:15 - Defining the downside 30:30 - Going through the blow by blow of a short-term trade 45:45 - The Fed's heel turn and relying on them 48:15 - When is it time to declare victory? 51:15 - Psychic benefits and putting on a short as a hedge