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home / news releases / QQQM - Weekly Commentary: Well That's Some Weird... Stuff

QQQM - Weekly Commentary: Well That's Some Weird... Stuff

Invesco NASDAQ 100 ETF
  • Monday's Pfizer announcement followed pivotal elections by only a few trading sessions - an election I have posited as the most hedged individual event ever. Markets were already in a state of acute instability prior to the news, having been spurred sharply higher by the unwind of hedges and short positions.
  • The Pfizer news showered gasoline upon the bonfire. It was a melt-up dislocation and short squeeze as intense as I've witnessed over recent decades.
  • Speaking of ominous, interesting developments this week out of China, along with the release of October credit data.

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Weekly Commentary: Well, That's Some Weird... Stuff
Stock Information
Company Name: Invesco NASDAQ 100 ETF
Stock Symbol: QQQM
Market: NASDAQ
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