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home / news releases / QQQ - Time To Go Shopping The Tax Pay Sell-Off Is Over

QQQ - Time To Go Shopping The Tax Pay Sell-Off Is Over

PowerShares QQQ Trust Ser 1

2024-04-15 00:59:43 ET

Summary

  • Last week's stock market selling was likely due to participants cashing out to pay taxes, causing indiscriminate selling.
  • The fear of geopolitical tensions with Iran contributed to a "buyer's strike" and halted buying activity.
  • The market rallied on Thursday due to anticipation of a strong earnings quarter and a strengthening GDP, suggesting a positive outlook for the market.

Yes, I am specifically avoiding the geopolitical thing everyone else is focused on

For further details see:

Time To Go Shopping, The Tax Pay Sell-Off Is Over
Stock Information
Company Name: PowerShares QQQ Trust Ser 1
Stock Symbol: QQQ
Market: NASDAQ
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