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QQEW - QQQ: 2 Reasons Why The Massive Bounce In Nasdaq Could Actually Be Bearish
First Trust NASDAQ-100 Equal Weighted Index Fund
The U.S. stock market once again showed its resilience, especially with S&P 500 (SPY) and Nasdaq 100 (QQQ) launching to all-time highs like the sell-off never happened. Some may attribute the recovery rally to President Trump's impeachment acquittal, while the PBOC's massive liquidity infusion most certainly gave global equity markets a boost as well.
Another key factor was the waning fear in coronavirus outbreak, as witnessed by the VIX (VXX) peaking and markets bottoming just as the public started moving on from the term "coronavirus", with its interest in