Inder's Desk

Inder's Desk

No FOMO

The market has moved sharply, but if a new uptrend is beginning, the larger opportunity may still lie ahead.

Inder Sabharwal's avatar
Inder Sabharwal
Jul 31, 2026
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Where we have been?

Yesterday, I pointed out the striking similarity between the current QQQ drawdown and the correction we saw earlier in the cycle.

After breaking out in June 2025, QQQ advanced approximately 17% before peaking in November. That move was followed by a drawdown of roughly 13%.

The current sequence has been remarkably similar, although it h…

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