$NVIDIA(NVDA)$ $Amazon.com(AMZN)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ Maybe the inflation and rising interest rate narratives made sense when we were looking at a potential $250+ per barrel of crude, but that never materialized.
Crude spiked into the $120s and has been easing since, we have been hitting new lows every day. With energy collapsing and everything else structurally deflating, it's hard to imagine how inflation prints and interest rates stay elevated for much longer.
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