QQQM - Market Risk Elevated Heading Into Distribution Season

• Despite three consecutive Monday announcements of "potential vaccines," an agreement by President Trump to allow the "Biden Transition" to begin, and a holiday-shortened trading week that left the "inmates in charge of the asylum," the market hasn't done much with it.
• Unfortunately, as we will discuss, the surge in November, one of the largest monthly advances in history, consumed the entirety of the market's oversold condition that existed before the election.
• In a market where investors are throwing money into "SPACs," or shell companies that will try and find something to invest in, the potential for a massive corporate fraud to develop is not that far "out of the box."

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