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QQQ: The Fed Could Reinflate The Tech Bubble

Mar. 20, 2023 8:52 AM ETInvesco QQQ Trust ETF (QQQ)GOOG, GOOGL, MSFT, NVDA, SPY54 Comments
Damir Tokic profile picture
Damir Tokic


  • The market expects the Fed's pivot - the pause in March/May and the cut in June/July.
  • There are no signs of an imminent recession yet, at least based on the labor market data.
  • The Fed's pivot before a recession could reinflate the tech bubble, as proxied by QQQ.

Federal Reserve Chair Jerome Powell Holds News Conference Following Federal Open Market Committee Meeting

Drew Angerer

The Fed's meeting preview

The Fed is set to meet this week for one of the most consequential meetings in the recent history.

On one side, the core CPI inflation appears to have plateaued at a very high level

QQQ chart


This article was written by

Damir Tokic profile picture
Global-macro research. Proprietary trader. Holding a valid Series 3 license as a Commodity Trading Adviser, member of National Futures Association. Professor of Finance. Editor-in-Chief Journal of Corporate Accounting and Finance.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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