QQQ broke all-time-highs and is looking to follow SPX into price discovery. I believe our irrational markets will lead us to a 450$ QQQ soon. OBV presses to a new region not seen before. I believe that investors are flocking to mag 7 since they have such huge cash positions to hedge their business activities. With interest rates higher for longer mag 7 looks to continue to outperform treasuries since they offer growth with a mote of the massive cash positions likely sitting in money market collecting over 5%.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.