Another Way To Spell R.I.S.K. Is TQQQ
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Another Way To Spell R.I.S.K. Is TQQQ

Chul Choi Chul Choi

Chul Choi

Seeking Alpha Regional Partner - Asia (???? ??? ????) / Influencer & YouTuber with 320K Followers (32? ?? ???)

发布日期: 2023年11月13日
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Nov. 11, 2023 6:49 PM ET ProShares UltraPro QQQ ETF (TQQQ)

Summary

  • Consider selling/shorting the ProShares UltraPro QQQ ETF as a trading vehicle for overextended Big Tech names.
  • My bearish view on Big Tech is based on high valuations in a slowing economic growth, elevated interest rate environment.
  • The business earnings yield on investment to short-term Treasury rate spread suggests similarities to previous market peaks and recessions.
  • TQQQ's 3x leverage means large price declines are mathematically hard to recover, given compounding issues, futures contract premium decay, and management expenses.

The provided article discusses the author's bearish view on Big Tech and suggests considering selling/shorting the ProShares UltraPro QQQ ETF (TQQQ) as a trading vehicle for overextended Big Tech names. The author bases their bearish stance on high valuations in a slowing economic growth and elevated interest rate environment. They highlight concerns about the earnings yield compared to short-term Treasury rates, drawing parallels to previous market peaks and recessions.

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