To The Moon

In the context of the collapse of Silicon Valley banks, tech stocks rebound and lead the way. Data show that $Apple(AAPL)$ rose more than 5% in the past three weeks, accumulating nearly 30% so far in 2023; $Alphabet(GOOG)$ rose more than 13% in the year; $Nvidia (NVDA)$ up 85% year-to-date; $Meta Platforms, Inc.(META)$ is up over 65% for the year; $Advanced Micro Devices(AMD)$ is up over 50% for the year. 1. Tech stocks entered technical bull market due to more liquidity $Invesco QQQ Trust(QQQ)$, which includes the 100 largest non-financial companies listed on the Nasdaq Stock Exchange, officially entered the bull market at the end of the trading day on March 29, 2023. $Invesco QQQ Trust(QQQ)$ has climbed more than 20% since its October 2022 low, breaking a bear market that began in February 2022. In the wake of the banking crisis and to address market liquidity concerns triggered by bank failures, Fed has expanded its balance sheet significantly over the past 3 weeks, adding $394.1 billion to bring its balance sheet back to $8.78 trillion. While Powell said that providing liquidity to the market is only temporary, such expansion has essentially exceeded half the size of the Fed's balance shett runoff over the past half-decade. The better performance than this quarter in the past decade was when the Fed's QE policy during the pandemic. 2. Will US stock market continue uptrend after big short apologizes for his “sell“ tweet? Michael Burry, the "big short" who advised to "sell" stocks before the Fed meeting in February, also tweeted on Thursday that he misjudged the stock market and congratulated buyers who bought at the low. For the US stock market, some believe that if the Federal Reserve continues to increase liquidity in the future, which will drive technology stocks higher. Wedbush Securities analyst Daniel Ives believes After a year of plummeting valuations, the fundamentals of tech stocks have stabilized in 2023, and with the Fed's rate hike process largely complete, tech stocks will see a major recovery in 2023 However, some investors believe that, fundamentally, the fundamentals of technology stocks have not improved, and even deteriorated. Strategist Willie Delwiche believes The rally of large technology stocks cannot last long. How do you view $NASDAQ 100(NDX)$ enters technical bull market? Will the bull market last? What’s your P/L in March? Leave your comments and win tiger coins~