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Invesco QQQ Trust Series 1 QQQ

The investment seeks investment results that generally correspond to the price and yield performance of the NASDAQ100 Index. To maintain the correspondence between the composition and weights of the securities in the trust (the securities) and the stocks in the NASDAQ-100 Index, the adviser adjusts the securities from time to time to conform to periodic changes in the identity and/or relative weights of index securities. The composition and weighting of the securities portion of a portfolio deposit are also adjusted to conform to changes in the index.


NDAQ:QQQ - Post by User

Invesco QQQ Trust Series 1
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Post by thegreenmile656on Dec 14, 2022 4:22pm
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Post# 35171776

Another Big Reversal FOMC Day: Markets Call Fed's Bluff

Another Big Reversal FOMC Day: Markets Call Fed's Bluffhttps://www.zerohedge.com/markets/markets-swing-wildly-hawkish-powell-pummels-pause-narrative-then-opens-door

Another Big Reversal FOMC Day: Markets Call Hawkish Fed's Bluff

by Tyler Durden

Wednesday, Dec 14, 2022 - 04:00 PM

The day started off with a drop in import and export price inflation. But that was just a side-show as stocks limped higher into the main event.

Then The Fed and Powell's presser smashed the vase of fantasy on the ground of reality with a hawkish statement and projections and an even more hawkish Powell.
   
• POWELL: LABOR MARKET REMAINS EXTREMELY TIGHT

• POWELL: A RESTRICTIVE POLICY STANCE LIKELY NEEDED FOR SOME TIME
   
• POWELL: NEED SUBSTANTIALLY MORE EVIDENCE OF LOWER INFLATION
   
• POWELL: FED STILL HAS SOME WAYS TO GO ON RATE HIKES
 
• POWELL: STANCE ISN'T YET RESTRICTIVE ENOUGH EVEN W/ TODAY'S MOVE
 
• POWELL: NO RATE CUTS UNTIL CONFIDENT INFLATION MOVING TOWARD 2%

• POWELL: WILL HAVE TO HOLD RESTRICTIVE RATES FOR SUSTAINED TIME

All of which sent rate-hike expectations surging, but they gave back some of that hawkishness as Powell spoke...



Source: Bloomberg

The market is now pricing in rates being lower than current rates by Jan 2024...



Source: Bloomberg

The market is not buying what The Fed is selling...



Source: Bloomberg

The markets did their usual thing - jerking one way on the statement, then swinging all the way during the press conference which was as usual full of contradictions...
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