Will Growth Stocks Fall Victim To Seasonal Weakness? Breaking Down Four Potential Scenarios For QQQ
Portfolio Pulse from David Keller
The article discusses the potential impact of seasonal weakness on growth stocks, particularly focusing on the Nasdaq 100, represented by QQQ. It outlines four scenarios ranging from very bullish to super bearish for QQQ, influenced by factors like Nvidia's (NVDA) earnings, market conditions, and Federal Reserve actions. Each scenario is assigned a probability by the author, Dave, with the mildly bearish scenario deemed most likely at 45%.
February 27, 2024 | 1:30 pm
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POSITIVE IMPACT
Nvidia's recent earnings report has fueled market optimism, potentially impacting its stock price positively in the short term.
Nvidia's strong earnings report is highlighted as a key driver of market euphoria, suggesting a positive impact on its stock price in the short term.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
The article outlines four potential scenarios for QQQ, ranging from very bullish to super bearish, with varying probabilities assigned to each.
The scenarios for QQQ range from a continuation of its current trajectory to a significant pullback, influenced by market conditions and external factors like Nvidia's earnings and Fed actions.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 90