$Invesco QQQ(QQQ)$ Trump and this stock market can get away with pretty much anything. That's the reality we're living in, unrealistic as it may seem. Negative news barely makes a dent, but any positive news, no matter how small, pushes it to new all-time highs. Go figure!
$Invesco QQQ(QQQ)$ I don't think we'll see SPY under 600 again until the split, which should happen during Trump's term. SPY shares will most likely need to be split sooner.
$Invesco QQQ(QQQ)$ It still seems grossly underpriced to me. Based on a conservatively drawn trend line, it should be at $669 today, not $637. So I expect the check-mark shaped recovery from the Iran war scare share shake-out to continue for a few more weeks at an accelerated pace. My guess is it reaches $750 by July 4th.
$Invesco QQQ(QQQ)$ Power hour surge to $630, then sideways for the next 2 days, a ceasefire deal on Thursday evening, and an ATH on Friday... printing money just looks that easy...