$Invesco QQQ Trust(QQQ.US)$Invesco Nasdaq 100 ETF(QQQM.US)QQQ printed a high-volume weekly shooting star last week, with…
$Invesco QQQ Trust(QQQ.US)$Invesco Nasdaq 100 ETF(QQQM.US)QQQ printed a high-volume weekly shooting star last week, with a strong rally followed by a sharp reversal. That’s not exactly an encouraging signal.
It feels like the market is finally starting to punish the massive spending expansion and rising debt levels across the AI industry. So far, the promised killer app still seems nowhere close, while the spending keeps piling up.
At this point, it may take some meaningful macro tailwinds to turn sentiment around. The AI story is still alive, but the market is getting increasingly impatient about when all that spending will actually translate into returns.
For now, I’m more cautious about chasing the dip. The next rally probably needs more than another round of AI promises.
@Captain's Treasure
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