Zacks Investment Research highlighted that strong market momentum, a sharp drop in Federal Reserve rate hike expectations, and post-earnings breakouts in mega-cap tech stocks signal more upside. The Invesco QQQ Trust finished the first 150 days of 2026 with a return of plus 17.7 percent, a level reached only eight times in history, with subsequent full-year gains ranging from 8.2 percent to 20.8 percent. A five-sigma payrolls miss of negative 23,000 versus estimates of positive 80,000 caused the odds of a September rate hike to plunge on Polymarket. SpaceX beat Zacks Consensus Estimates by 65.38 percent in its first earnings report as a public company, while Amazon, Microsoft, and Alphabet also reported beats, with Amazon shares jumping 15 percent on volume 150 percent above normal.
