ProShares UltraShort S&P 500 (SDS)

Jun 30, 2022Trade Ideas

Markets could have a bad, bad day.

On this last day of the second quarter, Dow futures are down 376 points. The NASDAQ is down 188, as the S&P 500 slips about 54 points. All thanks to inflation, and fears of recession.

“The S&P 500 is on track for its worst first half of the year since 1970, which has been dominated by myriad factors pressuring markets. Those include surging inflation, Federal Reserve rate hikes, Russia’s ongoing war on Ukraine and Covid-19 lockdowns in China – all of which have helped fuel fears of a coming global recession,” says CNBC.

With that, investors may want to consider hedging for downside. One way to do that is with the ProShares UltraShort S&P 500 (SDS), which now trades around $50. According to ProShares.com, “ProShares UltraShort S&P500 seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P 500.”


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