With the Inflation Reduction Act now passed, there will be serious ramp up in government spending just like after the fiscal stimulus bill in early 2021. TLT treasury bond etf is probably going down to new lows. Oil is flattening and possibly is ready to rally. Oil company etf XLE is now stronger on the charts than QQQ. Bitcoin and ethereum got hit hard. Fed officials are still hawkish and will be hawkish even moreso if oil starts to rally here. I think the oil and gas sector still looks good. I think XLE looks good. Other than shorting QQQ, does anyone have any investment ideas for the coming weeks?
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