A Coronavirus Quagmire for the QQQ ETF

The novel coronavirus scenario could also be enhancing, or on the very least, getting much less worse in China, however the reverse is true within the U.S. Mix that with the Federal Reserve’s current rate of interest lower – an impotent transfer that wreaks of panic – and plunging oil costs, and there’s an ideal storm to clarify the current promoting strain in home shares.

That will get us to the battlefield that’s the Invesco QQQ ETF (NASDAQ:). I don’t need to be hasty in saying present market situations are a bear market or recessionary, although we’re inching nearer to the previous. With that in thoughts, historical past reveals us that many bear markets begin on the again of the earlier bull market’s leaders.