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QQQM - Market Breaks Out On Vaccine Hopes As Cases Surge
Invesco NASDAQ 100 ETF
On Monday, the announcement by Pfizer sent markets screaming higher. However, it wasn't like rallies we had seen previously. Instead, it was a fierce rotation from the previous leaders to laggards.
Given the more overbought condition, we expect a one- to two-week correction at the beginning of December as mutual funds make their annual distributions.
It is essential to have a strategy and discipline that can minimize downside volatility.