$Invesco QQQ(QQQ)$ If you think the people who control the outcome care about a 20K portfolio, you're mistaken. The US has never looked so good, and the effects should become clear shortly.
$Invesco QQQ(QQQ)$ Here we go back up because algos and some people actually contribute to their retirements. Fun fact: markets go up 7 out of 10 times.
$Invesco QQQ(QQQ)$ The upcoming CPI release should give some direction on whether another rate hike is coming or not. If the Fed holds off, that could be the setup for all-time highs.
$Invesco QQQ(QQQ)$ The new U.S.–Venezuela agreement is substantial. Venezuela says the 25-year deal targets production of 1.5 million barrels/day, while the U.S. is gaining access to a very large reserve base and intends to use Venezuelan crude to help refill the Strategic Petroleum Reserve. That gives the market a credible alternative supply story at exactly the right time. Reuters was already reporting Friday that oil fell more than 4–5% on the week, partly because traders were pricing possible Hormuz normalization and expanded Venezuelan supply.