/2020chronicle

I don’t understand Proshare’s SCC.

Why would Proshare’s Consumer Services short (SCC) be lower now than it was in late 2018? Was there more concern over the consumer driven economy over tariffs than there is over every hotel, bar and restaurant in the country being closed right now? When something like this doesn’t make sense I typically jump on it. With a 2018 high near $30 seems $14 to short consumer services in the coming months almost seems like no brains are required. Anyone who thinks the consumer economy is climbing out of Corona fear any time soon has lost touch. So many “happy day” investors looking for a place to park and gain in a perpetual bullshit market. Investing is supposed to be a risk and shorting mitigates gambling in a rigged market deigned only for Good Times.

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