BUY Conviction2/5 Analysis quality55/100 now
The YouTuber suggests SPXU for short-term hedging against S&P 500 downturns, as it offers a 3x inverse return. He mentions using it to offset near-term pain in his own stocks during expected market drops, but reiterates that these leveraged inverse ETFs are not for long-term holding.
“on the S&P 500 side here you can use the proshare short S&P ETF that spxu that I talked about which while writing this out the market went negative and you can see here the shares reversed higher for that 3x leveraged return”