Nikodemos
2 months ago
Eyeing that CHART & knowing the longer-term downtrend is breaking.... Question is how much channeling & sideways before this BREAKS OUT.... Could be VERY SOON with Trump incoming.
Tariffs & Tax Cuts could make this a BIG WINNER in 2026 & beyond as inflation SOARS.
Trump (& Co) did a GREAT JOB pinning inflation on Biden but I think people UNDERESTIMATE his Tax Policy, Record Corp profits, failure on Covid that created MASSIVE MONEY SUPPLY -- & set the course for SKYROCKETING DEBT with SPIKING INFLATION -- remember, Obama handed him ~1% stable inflation, less than 18months into Biden-Harris inflation SPIKED TO (gov't table) HIGH of 9.1% & has declined since... Hard to say that was Biden's FAULT & yet -- that's PRECISELY what Trump got THE WORLD to believe. I think it was him & his policies, just like the ECONOMY Trump inherited was due to Obama's policies, hard-work, execution & efforts.... Trump will mess this up... AGAIN! And I think SQQQ could do VERY WELL in the coming 2-6yrs as Trump DEVASTATES, grifts, & does what he does...
Interested NOT so much in the political commentary (responses) but price predictions if anyone has any... Where do folks think the BOTTOM is here... Guessing we'll see sometime around inauguration but...