QQQ - Equity CEF Performances: Updated Through Feb. 25 2022

• The saying "buy at the sound of cannons and sell at the sound of trumpets" certainly worked very well this week, at least for the sound of cannons.
• But are we really at the "sell at the sound of trumpets" already when speculation grew that a ceasefire and high-level talks between Russia and the Ukraine were planned over the weekend?
• That was good for a 2-day, +8.7% rally after the Nasdaq-100 (QQQ) touched $318 and dropped into a -20% bear-market at-the-opening on Thursday, just as the cannons started firing.
• However, for the week, the Nasdaq-100 actually ended +1.2% while the S&P 500 was up +0.8% after also dropping into a -14.5% correction at the lows Thursday morning too.
• Does this mean the worst is over? I doubt it. As the pressure mounts on President Putin of Russia, so do the odds of him lashing out.  But even if a cease-fire ensues, the long-term ramifications to the global economy and world order will be immense.

For further details see: