Joseph Carlson: QQQ will underperform

The window it was checked over

QQQ closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

What was said around it

have been rewarded for taking on risk with low interest rates higher risk meant higher reward and the valuations got pushed up further and further the company's fundamentals got weaker and weaker just taking on risk was rewarded and he believes that this is changing and just like others have said just like Terry Smith just like Howard marks he doesn't think we're returning right back to where we were anytime soon assuming that we take the FED at its word which is obviously questionable and rates will stay higher for much longer I think the days of people beating the market by just investing in Tech are going to be over and we're going to go to a new paradigm which I'm not 100 sure what that's going to be because we won't really know until we get there but I think it's going to I mean there'll still be tech stocks to invest in but I think the days of investing in companies that have no earnings or have multiples of 200 times will be gone there'll be a lot of more themes like infrastructure maybe greenification bringing back onshoring of of the industrial sector in the United States it's not clear yet but I think that's where the Market's going to go so he's more confident what he doesn't

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