SPY And QQQ ETF: Fundamentals Remain Strong, Buying The Dip (NASDAQ:QQQ)

FG Trade Latin/E+ via Getty Images Evaluating the Recent Stock Market Sell-Off The recent stock market sell-off in early January has made some investors nervous about whether the bull market can continue in 2024. We published buy ratings on SPY (NYSEARCA:SPY) and QQQ (NYSEARCA:QQQ) back in October 2023 when there were concerns about a government shutdown, widening deficits, and expensive stock valuations. At that time, we pointed out a couple of key reasons why we were still confident in the market’s upside potential: First, the U.S. economy is driven primarily by consumer spending, so the private sector plays a bigger…