
Donald Trump's post about gaining tremendous support for MAGA may positively impact sqqq due to increased confidence in his base
Confident and optimistic
Historically, Trump's statements about his support base have led to increased confidence among his followers, which can translate to a positive impact on the stock market, particularly on indices like the Nasdaq, which sqqq tracks. The mention of a major news outlet like NBC also adds credibility to his claim, potentially further boosting market confidence. However, it's essential to consider that sqqq, being a volatility-focused ETF, may not directly correlate with Trump's support base. Nevertheless, a bullish sentiment in the market can lead to increased investment in tech stocks, which sqqq is exposed to, thereby positively impacting its price. The lack of any negative or bearish statements in the post also suggests a neutral to positive impact on market volatility, which is beneficial for sqqq. Overall, while the post's direct impact on sqqq is speculative, the overall market sentiment and confidence boost can contribute to a bullish outlook for the asset class.