QQQ bearish call by Stock Moe

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“We still have more downward pressure to go.”

Thesis at the time

Bearish

Stock Moe argues the Nasdaq is now over 10% below its June high and in correction, and that the Fed's surprise hawkish tilt (three dissents favoring a hike, rising 30-year yield) raises the discount rate on future earnings, hitting high-multiple growth names hardest. He believes downward pressure continues and the charts show big money selling ahead of the Fed news.

Key arguments

NASDAQ is 10.1% below its June 1st high and in technical correction
Long-end yields rising while the Fed holds signals the market doesn't believe inflation is beaten, which raises discount rates on growth stock earnings
QQQ chart retested the 50-day, then gapped down, suggesting institutional selling ahead of the Fed decision
A possible September/December hike would force repricing of every high-multiple stock

Counter-arguments acknowledged

If oil calms down and inflation proves supply-driven and transitory, the hawkish case and the selloff could look like an overreaction

Hedges and caveats (from the video)

Host acknowledges uncertainty about Fed's true intentions ('Is it? I don't know')
Mentions setting stops at 30% to cover damage on trades
References past wins but notes market volatility and potential for 'a lot more pain before any gain'
Discord membership promotion suggests potential bias in market commentary