Yield Narrative Takes a Back Seat: QQQ Hits New Highs

MMMTWealth
09-23 14:31

Hello everyone! Today i want to share some trading ideas with you!

It really does seem like the yield narrative has taken a back seat now as the $Invesco QQQ(QQQ)$ hits a new high today.

I've been saying for the past 2 months that:

1. The macro isn't as bad as doomers suggest.

2. The forecasts we're seeing in AI CapEx and the capital flowing to the supply chains from that CapEx will trump an elevated 10Y yield.

And now here we are:

-> $Invesco QQQ(QQQ)$ at ATHs

-> Crypto breaking out with $Coinbase Global, Inc.(COIN)$ and $Robinhood(HOOD)$ moving 22% and 32% respectively over the last month.

-> Many AI infra plays like $Marvell Technology(MRVL)$, $Sanmina(SANM)$, $Bloom Energy Corp(BE)$, & $Micron Technology(MU)$ all clearly breaking out.

Crypto has historically been a nice frontrunner indicator for higher beta and higher growth equities.

Doomers sound smart but here we are again at $Invesco QQQ(QQQ)$ highs and portfolio highs.

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