To The Moon

$Invesco QQQ Trust(QQQ)$ 42% gain from taking calls on trending Friday. Thanks to Tiger for awarding the weekly top predictions for QQQ again. Looking forward to more winnings in the week ahead 🤑 Stocks rallied Friday on rising optimism that D.C. lawmakers will reach a deal to raise the U.S. debt ceiling, led by the tech-heavy Nasdaq, which closed at its highest level since August. Two-year U.S. Treasury yields rose for an 11th straight session after the latest government data showed inflation picking up more than expected, and Federal Reserve Bank President Loretta Mester said she would not rule out another rate hike next month. Avoiding credit score downgrade Debt talks are still ongoing, but appear to be nearing the end amid reports that a potential deal would raise the government's $31.4T debt ceiling as widely expected and limit spending on most items for two years. Republican negotiators have reportedly agreed for a smaller 3% increase in defense spending. Non-defense discretionary spending is expected to be maintained at current levels. The White House is said to be mulling scaling back on increased funding for the IRS, cutting $10B from an $80B budget increase for the agency that was planned under the Inflation Reduction Act to target wealthy individuals. As both sides struggle to come to a deal, Treasury Secretary Janet Yellen yesterday moved the so-called X-date by a few days. She now estimates that the Treasury will run out of options for paying the government's obligations by June 5. Broke level posted to take calls 🚀 Investors digested new inflation data on Friday. Government statistics showed that the PCE price index, a favorite measure for the Federal Reserve, rose 0.4% in April compared to the previous month, higher than economists had projected. On a year-over-year basis, the PCE price index climbed 4.4%.The same report showed that personal income rose 0.4% compared to the previous month, while spending rose 0.8%. Yet the rally in stocks was undeterred, with investors eager to add to positions ahead of the Memorial Day holiday weekend. Trade #1 Trade #2 For the full week, the Dow Jones index lost 1%, but the S&P 500 edged up 0.3% and the Nasdaq jumped 2.5% for a fifth straight week of gains. Weekly option trades summary Please click Like 👍, Comment 💬 & Repost 🔄 this article found at the bottom of your screen. Follow me for the latest news, trading ideas & strategies to ride the market daily with profits! 🤑 @CaptainTiger @MillionaireTiger @TigerStars @Daily_Discussion