Subject: Re: Valuing QQQE
"When we see days like these, where 90% of the volume on the NYSE is higher, and 90% of all stocks are in the green, it tends to be bullish for the next 12 months of gains....
The last 90/90 day was April 9th of this year, when we had a 90-day pause on Tariffs. The S&P 500 is up 29.8% since then; the Nasdaq 100 has gained 37.5%.
Since 1982, we have seen one negative, one flattish, and 12 positive sets of returns over the 12 months that followed a 90/90 day. It’s not a guarantee, but it suggests favorable odds for remaining constructive." Barry Ritholz