I mentioned last week that I was eager to have a discussion on the topic of “monetizing hedges.” Now, I’ll admit: That’s lingo that institutional investors use. It isn’t obvious to most regular folks what it means.
What a difference a month makes. In February and March, the Nasdaq 100 seemed to lose its touch. It lagged the other major stock indexes, particularly the small-cap Russell 2000. Shares of our risk-on vehicle, ProShares Ultra QQQ (NYSE: QLD), suffered a 23% drawdown.
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