BUY Conviction2/5 Analysis quality55/100 now
The YouTuber suggests SSO for short-term trading to play the broader S&P 500 index with 2x leverage. He emphasizes its utility for swing trading or when anticipating a market snap-back, but warns against long-term holding due to high expense ratios and tracking error.
“if you want to play the broader stock market index so the S&P 500 rather than the tech heavy NASDAQ here you can use the proch shar's S&P 500 ETF the SSO which targets a 2X return on the index”