---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40142999.md"
description: "$Invesco QQQ Trust(QQQ.US)$SPDR S&P 500(SPY.US)Goldman Sachs' report says U.S. stocks surged in April. 🇺🇸 The equity allocation of public and corporate pension funds is significantly higher than their long-term target allocation, so the pension funds will execute large-scale passive rebalancing:That is, selling U.S. stocks and buying 🇺🇸 Treasury bonds, expected to be on the last trading day of April. Before that, the market should see some pre-emptive risk-off selling. We previously expected a possible pullback around the earnings peak (4.28-5.2) or later. Combined with pension funds selling U.S. stocks, if peace talks make no progress, the 📉 might come earlier. So, should we run?"
datetime: "2026-04-23T14:43:09.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40142999.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40142999.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40142999.md)
author: "[神威天将军](https://longbridge.com/en/profiles/16134830.md)"
---

# $Invesco QQQ Trust(QQQ.US)$SPDR S&P 500(SPY.US…


### Related Stocks

- [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md)
- [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md)
- [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md)
- [SPY.US](https://longbridge.com/en/quote/SPY.US.md)

## Comments (2)

- **大鹅来了 · 2026-04-30T14:59:00.000Z · 👍 1**: Very crucial news
- **王哪跑啊 · 2026-04-23T16:16:58.000Z**: Keep half of the cash. I'm completely confused by this wave. Sold out too early every time. Haha