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Invesco QQQ Trust Series 1

Invesco Capital Management LLC - Invesco QQQ Trust Series 1

The Invesco QQQ Trust Series 1 ($QQQ) is experiencing high volatility as traders grapple with mixed signals and a sharp intraday reversal. Community discussions center around potential market manipulation, the impact of $NVDA's earnings, and speculation about future interest rate decisions. Some traders are anticipating a bounce, while others fear a deeper correction, creating uncertainty around the direction of the tech-heavy ETF.

Webull Corp. engages in the provision of financial services. It offers trading, wealth management product distribution, market data and information, user community, and investor education. The company was founded by An Quan Wang in 2016 and is headquartered in St. Petersburg, FL.

Webull Corp. - Ordinary Shares - Class A

Webull Corp

Webull ($BULL) is trending as investors discuss its latest earnings report, with community members debating whether positive results will be enough to overcome negative market sentiment. Discussions also include speculation about potential upgrades, institutional interest, and comparisons to similar companies like SoFi. Some traders are closely watching for guidance from the earnings call and anticipate increased volatility.

SSgA Active Trust - SPDR S&P 500 ETF Trust

Amidst broad market volatility and tech sector struggles, the SPY is trending as the community debates whether this pullback signals a buying opportunity or the start of a deeper correction. Discussion revolves around potential catalysts, including the impact of economic data, Fed policy, and geopolitical events, while some traders point to technical indicators suggesting oversold conditions.

Ondas Holdings, Inc. engages in the development, marketing, and sale of wireless radio systems for secure, wide area mission-critical business-to-business networks. It operates through the Ondas Networks and Ondas Autonomous Systems segments. The Ondas Networks segment provides wireless connectivity solutions enabling mission-critical Industrial Internet applications and services. The Ondas Autonomous Systems segment designs, develops, and markets commercial drone solutions via the Optimus System and Scout System. The company was founded on December 22, 2014 and is headquartered in Boston, MA.

Ondas Holdings Inc

ONDS is trending after a significant investment in Performance Drone Works (PDW), a U.S. defense technology company specializing in AI-enabled combat robotics, as well as an $8.2M contract win. The community is discussing the potential impact of this investment on production scaling and Ondas's position in the autonomous defense sector. Despite market volatility, many express optimism about ONDS's growth potential and ability to secure further contracts.

BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF

iShares Russell 2000 ETF

IWM is trending due to concerns about the small-cap sector's vulnerability amid fading rate cut hopes and institutional put buying, with community members closely watching key support levels and potential downside risks. Discussions revolve around whether the ETF can reclaim crucial price levels, as some traders point to technical formations suggesting further declines while others anticipate a potential oversold bounce. Overall, the conversation highlights uncertainty and a cautious outlook for small-cap performance in the near term.

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment is involved in memory and storage products sold into smartphone and other mobile-device markets. The EBU segment focuses on memory and storage products sold into automotive, industrial, and consumer Markets. The SBU segment consists of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID.

Micron Technology Inc.

Micron Technology Inc

Micron Technology (MU) is trending amidst a broader market downturn, with community chatter focused on a recent price drop from multi-year highs. Despite positive analyst ratings and long-term growth prospects tied to AI-driven memory demand, some traders believe MU was overbought, leading to profit-taking and increased volatility. Traders are closely watching for a potential bounce and upcoming earnings data.

Walmart, Inc. engages in the retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a mass merchandiser of consumer products, operating under the Walmart and Walmart Neighborhood Market brands, including walmart.com. The Walmart International segment includes operations of wholly-owned subsidiaries in Canada, Chile, China, and Africa, and majority-owned subsidiaries in India, as well as Mexico and Central America. The Sam's Club segment manages membership-only warehouse clubs and operates samsclub.com. The company was founded by Samuel Moore Walton and James Lawrence Walton on July 2, 1962 and is headquartered in Bentonville, AR.

Walmart Inc

Walmart is trending as investors digest recent earnings, a planned move to the Nasdaq, and a CEO transition. Community members are discussing whether Walmart is a safe haven amid market uncertainty, while also weighing the impact of consumer spending trends and SNAP benefits. Some traders are analyzing technical patterns, while others are highlighting Walmart's push into e-commerce and AI.

Bitmine Immersion Technologies, Inc. is a blockchain technology company, which engages in industrial scale digital asset mining, equipment sales, and hosting operations. It operates through the Cryptocurrency Mining Industry segment. The company was founded on August 16, 1995 and is headquartered in Las Vegas, NV.

BitMine Immersion Technologies Inc

Bitmine Immersion Technologies Inc

BMNR is trending downwards, with community members expressing concerns about the stock's performance relative to ETH and overall crypto market conditions. Disappointment and frustration are directed towards figures like Tom Lee, with skepticism surrounding price predictions and strategic decisions. Investors are closely watching for potential earnings catalysts or staking strategy announcements that could shift momentum.

NIO, Inc. is a holding company which engages in the design, manufacture, and sale of electric vehicles. Its products include the EP9 supercar and ES8 7-seater SUV. It provides users with home charging, power express valet services, and other power solutions including access to public charging, access to power mobile charging trucks, and battery swapping. It also offers other value-added services such as service package, battery payment arrangement, and vehicle financing and license plate registration. The company was founded by Bin Li and Li Hong Qin on November 28, 2014 and is headquartered in Jiading, China.

NIO Inc - ADR

NIO Inc

NIO is trending as investors discuss its recent price decline and potential for a rebound ahead of upcoming earnings, with some citing market manipulation and overselling as key factors; the community is also weighing the impact of potential profitability and new partnerships on the stock's future performance amid broader concerns about the EV sector and the overall market.

Pump Mind Virus is a Pure Meme with a long term vision. We are building for the future while making no promises about the present. The project aims to bring the spirit of community memes back to the Solana ecosystem. We do that with engaging content and memes. Culture through community. Viral spread by word of mouth.  And most importantly, by not using the fake hype machine that has come to dominate the meme coin landscape.

PumpMindVirus

PumpMindVirus ($PMV) is trending due to its highly engaged community and meme-driven hype, with many users playfully discussing the "infection" spreading from $PUMP on $SOL. The community is focused on building momentum and attracting attention as it approaches a $1M market cap, with some suggesting it's a low-cap gem with significant potential.

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<ul class="summary-bullets"><li>Gold has been on a phenomenal run this year, rising over 55%.</li><li>UBS said that macro drivers, including Federal Reserve rate cuts, lower real yields, and geopolitical tension, should continue to support demand.</li><li>Earlier this week, Goldman Sachs said that it expects gold to reach $4,900 by the end of 2026.</li></ul>&nbsp;&nbsp;Gold's relentless 55% rally this year seems far from over, according to UBS, which has raised its mid-2026 upside target for the metal to $4,900 per ounce.UBS believes that the macro forces that powered it to record highs should keep the safe-haven demand strong into 2026.Although gold has eased about 7% from last month’s record high of $4,381.6 per ounce, brokerages remain optimistic, continuing to lift their upside price forecasts.<figure class="image"><a class="st-link-external" href="https://in.tradingview.com/chart/teA7VKVN/?symbol=OANDA%3AXAUUSD" target="_blank" rel="noopener noreferrer nofollow"><img style="aspect-ratio:1306/862;" src="https://news.stocktwits-cdn.com/XAUUSD_png_e03bb6310d.webp" alt="XAUUSD.png" width="1306" height="862"></a><figcaption>XAUUSD Gold Spot Prices in October and November 2025 | Source: TradingView</figcaption></figure><h2 class="st-heading-2">UBS Raises Mid-Year 2026 Prices Forecast</h2>On Thursday, UBS raised its upside price target to $4,900 per ounce from $4,700, with the bank arguing that the fundamentals driving this year’s surge remain firmly in place heading into 2026, according to a report by investing.com.The investment bank continues to rate the metal as ‘attractive’, maintains long exposure in its global asset allocation, and says gold “remains an effective portfolio hedge even at current levels.”<h2 class="st-heading-2">What’s Driving The Target Hike?</h2>UBS analysts, led by strategist Wayne Gordon, said the recent consolidation has not altered the outlook and now expect prices to reach $4,500 per ounce by mid-2026, up from a previous forecast of $4,200 per ounce. The bank has maintained its downside case at $3,700 per ounce, the report read.UBS said that the key macro drivers, including further Federal Reserve rate cuts, lower real yields, and geopolitical tension, should continue to support demand. The analysts also highlight growing political noise ahead of the U.S. midterm elections, which could spur additional safe-haven buying.They expect prices to consolidate near $4,300 following political events in late 2026, but see scope to reach the new $4,900 upside case if global political and financial risks intensify.UBS’s view echoes recent bullish commentary from Goldman Sachs, which also sees gold hitting $4,900 by the end of 2026 with further upside if investors continue diversifying their portfolios.<h2 class="st-heading-2">How Have The ETFs Performed?</h2>Since the start of the year, SPDR Gold Shares ETF (GLD) has gained 53.5%, iShares Gold Trust (IAU) and VanEck Merk Gold Trust (OUNZ) have both climbed 53.7%, while&nbsp;abrdn&nbsp;Physical Gold Shares ETF (SGOL) and Goldman Sachs Physical Gold ETF Trust (AAAU) have risen 53.8%.<figure class="image"><a class="st-link-external" href="https://www.datawrapper.de/_/CgYnc/" target="_blank" rel="noopener noreferrer nofollow"><img style="aspect-ratio:1240/630;" src="https://news.stocktwits-cdn.com/Cg_Ync_gold_etfs_gains_in_2025_png_455c3757e5.webp" alt="CgYnc-gold-etfs-gains-in-2025-.png" width="1240" height="630"></a><figcaption>Gold ETFs Gains in 2025</figcaption></figure>&nbsp;Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/dow-futures-rise-nvidia-earnings-beat/cLPAWVDRE9A">Dow Futures Rise As Investors Cheer Nvidia’s Earnings Beat: NVDA, AMD, GOOGL, WMT Among Stocks To Watch</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A fine gold bar with the number 999.99 on it.

UBS Hikes Gold Price Forecast Again, Expects $4,900 Peak By Mid-2026: Report 

UBS lifted its upside target to $4,900 from $4,700, saying the factors behind this year’s rally should continue into 2026, according to a report by investing.com.

Equity

Gold prices were headed for their best monthly gain in 16 years on growing concerns over a U.S. government shutdown and optimism surrounding a potential rate cut by the U.S. Federal Reserve.Spot gold prices rose 1% to $3,871.72 per ounce, another fresh record. Retail sentiment on Stocktwits about <a href="https://stocktwits.com/symbol/GLD">SPDR Gold Shares ETF</a> (GLD) was in the ‘bullish’ territory at the time of writing.Gold’s rally this week has been driven by growing concerns that the U.S. government will shut down by Wednesday unless Congress approves a temporary funding bill. The yellow metal has gained over 12% this month, on track for the most significant gains since November 2009."I think we're headed to a shutdown because the Democrats won't do the right thing," Vice President JD Vance told reporters after a meeting at the White House with senior members of Congress. The Democrats are pushing to keep healthcare subsidies for low and middle-income households in the stopgap funding measure.“While gold appears overbought, the supportive backdrop is likely to limit any correction,” IG Bank analyst Tony Sycamore said, noting the importance of increased safe-haven demand driven by rising geopolitical tensions in Europe, concerns over the Fed’s independence, and robust buying from central banks and private investors.The shutdown could also delay the crucial jobs data due later this week. Another weak employment report could bolster the chances of more rate cuts by the Federal Reserve, which is positive for gold, a commodity denominated in dollars and therefore shares an inverse relationship with the greenback.According to CME Group’s FedWatch tool, traders have priced in a 25-basis-point cut in benchmark interest rates in the Federal Reserve’s next policymaker meeting.“We’re in the early stages of a monetary reset as central banks move off the dollar standard and back to gold. This shift will end U.S. dollar hegemony, raising our interest rates and consumer prices while lowering our standard of living,” economist and famous gold bull Peter Schiff said on X.Also See: <a href="https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-ethereum-gain-amid-strong-etf-inflows-despite-us-shutdown-threat/chDDRxNR3Be">Bitcoin, Ethereum Gain Amid Strong ETF Inflows Despite US Shutdown Threat</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Gold bars of various sizes lie in a safe on a table at the precious metal dealer Pro Aurum. 

Gold Heading Toward Best Month Since 2009 As US Shutdown Threat Looms

An analyst said that while gold appears overbought, the supportive backdrop is likely to limit any correction.

President Donald Trump on Monday dismissed speculation that gold would face tariffs, after the chatter helped push gold futures to a record high last week.“Gold will not be tariffed,” Trump wrote in a <a target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/115011325631302905">post</a> on Truth Social. The post comes after the White House said that an executive order would be issued to clarify any “misinformation” around the tariff on gold bars and other other products on Friday.However, no formal policy had yet been posted by U.S. agencies or by the White House as of Monday afternoon. &nbsp;<figure class="image"><a href="https://truthsocial.com/@realDonaldTrump/115011325631302905" target="_blank" rel="noopener noreferrer nofollow"><img style="aspect-ratio:1080/495;" src="https://news.stocktwits-cdn.com/Screenshot_2025_08_11_23_10_26_92_cde5c65545eefd12266f03d3caad4d92_jpg_5304c0481f.webp" alt="Screenshot_2025-08-11-23-10-26-92_cde5c65545eefd12266f03d3caad4d92.jpg" width="1080" height="495"></a><figcaption>Source: @realDonaldTrump/TruthSocial</figcaption></figure>Confusion ensued last week after the Financial Times&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.ft.com/content/78be1315-608d-43c6-b8e7-80b9e18c5ce7">reported</a> that documents from the U.S. Customs and Border Protection agency said one-kilo and 100-ounce gold bars should be classified under a customs code subject to levies. Following the report, gold futures hit a&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/gold-futures-hit-record-high-as-us-plans-tariffs-for-gold-bars/chrnOuBRdEr">record high</a> of $3,534 on Friday.&nbsp;On Monday, gold futures fell more than 2.4% in afternoon trade, and spot&nbsp;<a href="http://stocktwits.com/symbol/XAUUSD">gold prices</a> were down 1.2%. The&nbsp;<a href="http://stocktwits.com/symbol/GLD">SPDR Gold Trust (GLD)</a> also dropped 1.26%. On Stocktwits, retail sentiment around&nbsp;XAU/USD fell to ‘bearish’ from ‘bullish’ territory a week ago.If the Customs and Border Protection ruling had stayed in place, it would have resulted in far-reaching implications for the precious metal around the world. Gold’s role as a financial asset and global currency makes it markedly different from other commodities, such as copper, that have been impacted by Trump’s tariffs.Gold has had a volatile run this year as demand for the safe-haven asset has ebbed and flowed with Trump’s tariff announcements. Gold prices have gained 27% in 2025 and more than 38% over the past 12 months.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-declares-liberation-day-in-dc-pushes-takeover-of-city-police/chrHGOoRdee">Trump Declares ‘Liberation Day’ in DC, Pushes Takeover Of City Police</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

U.S. President Donald Trump shouts answers to questions from reporters as he tours the roof of the West Wing of the White House on August 05, 2025, in Washington, DC. 

Trump Announces ‘Gold Will Not Be Tariffed’ – Bullion Prices Remain Down

The President said in a post on Truth Social that the precious metal will not be subjected to tariffs.

The White House is reportedly planning to issue an executive order to clear up any confusion around tariffs on gold bars after futures linked to the precious metal hit a record high on Friday.“The White House intends to issue an executive order in the near future clarifying misinformation about the tariffing of gold bars and other specialty products,” a White House official&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.ft.com/content/c2868087-9951-4f04-818f-5082437f603a">told</a> the Financial Times.The update comes after the publication cited&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.ft.com/content/78be1315-608d-43c6-b8e7-80b9e18c5ce7">documents</a> on Thursday from the Customs and Border Protection agency, which said&nbsp;one-kilo and 100-ounce gold bars should be classified under a customs code subject to levies. One-kilo bars are the most common form of gold traded on Comex and would deal another blow to Switzerland.&nbsp;On Friday, gold futures hit a&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/gold-futures-hit-record-high-as-us-plans-tariffs-for-gold-bars/chrnOuBRdEr">record high</a> of $3,534 before paring off some of the gains. Gold futures were trading 0.3% higher at the time of writing, at around $3,463. Spot&nbsp;<a href="http://stocktwits.com/symbol/XAUUSD">gold prices</a>, on the other hand, edged 0.01% lower in afternoon trade.The&nbsp;<a href="http://stocktwits.com/symbol/GLD">SPDR Gold Trust</a> (GLD) fell 0.15% while retail sentiment on Stocktwits remained in ‘bullish’ territory over the past day.&nbsp;The decision to classify gold bars as subject to tariffs was a surprise to most market watchers, who had expected that gold bars would be exempt from President Donald Trump’s newly announced tariffs, according to the report. When Trump’s “Liberation Day” tariffs were initially announced, several commodities were exempt, including a bullion category widely believed to cover large gold bars.Gold has been rallying this year, up nearly 30% so far. The decline of the U.S. dollar, inflation concerns, and rising government debt levels have contributed to its uptick.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/gold-futures-hit-record-high-as-us-plans-tariffs-for-gold-bars/chrnOuBRdEr">Gold Futures Hit Record High As US Reportedly Plans Tariffs For Gold Bars</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

500 gram gold bar is seen in a gold shop window on April 17, 2025 in Istanbul, Turkey. 

White House Plans Gold Bar Tariff Clarification After Confusion Sends Gold Soaring: Report 

According to the Financial Times, the White House is planning on issuing an executive order to clarify any “misinformation” around tariffs on gold bars.

Gold futures rose to a record on Wednesday as the uncertainty over the outcome of the 2024 presidential election continues.&nbsp;The precious metal, however, came under some selling pressure in Thursday’s session amid the release of inflation data that casts a cloud on aggressive rate cuts by the Federal Reserve.Notwithstanding the pullback, gold futures have soared nearly 35% for the year-to-date period, outperforming the 23% gain for the SPDR S&amp;P 500 ETF Trust ($SPY), an exchange-traded fund that tracks the performance of the S&amp;P 500 Index.What’s Driving Gold RallyThe imminent U.S. election is seen as a key risk event that is driving the safe-haven gold higher. Nationwide opinion polls have all been unanimous in projecting a close election, with the lead in most cases coming within the margin of error of the survey.&nbsp;The&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://today.yougov.com/politics/articles/50839-harris-small-lead-over-trump-trust-in-elections-halloween-october-26-29-2024-economist-yougov-poll">results</a> of the Economist/YouGov survey released Wednesday showed Vice President Kamala Harris ahead of her rival Donald Trump by a point among registered voters and by two points among likely voters. This is well within the survey’s margin of error of +/- 3.4% for registered voters.Saxo Bank Head Of Commodity Strategy Ole Hansen&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.home.saxo/content/articles/commodities/will-the-us-election-result-spark-a-gold-correction-30102024">said&nbsp;</a>in a post on Wednesday that rate cuts by the Fed and other central banks are reducing the cost of holding non-interest-bearing assets like gold and silver.“The latest strength is increasingly being seen as a hedge against a potential ‘Red Sweep’ at the 5 November US election, where one political party, in this case, the Republicans, controls both the White House and Congress,” the strategist said.This has pushed up bond yields amid concerns about excessive government spending, likely pushing up the debt-to-GDP ratio higher, and potential reignition of inflationary pressure through tariffs on imports, Hansen said.Following Thursday’s hotter-than-expected inflation data,&nbsp; gold bull and economist Peter Schiff&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/PeterSchiff/status/1851981708431630573">said</a> instead of selling gold in the wake of the data, investors should be buying it. “Inflation will get a lot hotter than this but the Fed will not take action to fight it. This is extremely bullish for gold,” he said.Against the backdrop, here’s a look at how gold performed in the first year of the presidency of the Republican Trump in 2017 and that of Democrat Joe Biden in 2021.&nbsp;Gold Under TrumpGold futures finished higher during the first year of Trump's presidency. The yellow metal had pulled back sharply ahead of the Nov. 8, 2016 election and barring a sharp spike a day after the election, it declined through mid-Dec. 2016.In 2017, gold saw intermittent rallies and pullbacks. Peaking above the $1,360 level in mid-September, it gave back some of its gains and yet finished the year about 14% higher.<figure class="image"><img style="aspect-ratio:1920/1080;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/gold_png_trump_ac694d63ab.png" alt="gold-png-trump.png" width="1920" height="1080"><figcaption>Chart Courtesy of TradingView</figcaption></figure>Gold Under BidenWhen Biden emerged victorious in the election held on Nov. 3, 2020, gold did not have as good a run as under his predecessor. It was a broader downtrend ahead of the election and the continuation of the trend until March 2021.&nbsp;Although the yellow metal staged a recovery, the rally proved short-lived. Gold futures peaked in early June before pulling back. Subsequently, it was locked in a broader consolidation phase.Gold ended 2021 down about 3.6%.<figure class="image"><img style="aspect-ratio:1920/1080;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/gold_biden_e97ed921fb.png" alt="gold-biden.png" width="1920" height="1080"><figcaption>Chart Courtesy of TradingView</figcaption></figure>The comparisons may not always be apples-to-apples as the two past presidents have had to contend with entirely different sets of conditions and challenges during their times at office. Biden took over from Trump an economy that was limping back to normalcy after a pandemic that impacted consumers, businesses and economies world over.&nbsp;As of 1:24 pm, the&nbsp;SPDR Gold Shares ($GLD) fell 1.66% to $253.22.A few in the retail crowd recommended buying the precious metals, citing imminent economic and geopolitical risks.<stembedurl>https://stocktwits.com/geffaxp/message/590754590</stembedurl>Others see gold spiking at least until the election and expect it to get a further boost from Fed rate cuts.<stembedurl>https://stocktwits.com/TheSaint229/message/590606561</stembedurl>Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/tmtg-core-civic-humana-stocks-poised-for-gains-with-trump-victory-retail-sentiment-mixed/cJ2urOCRJp">TMTG, CoreCivic, Humana Stocks Poised For Gains With Trump Victory: Retail Sentiment Mixed</a>For updates and corrections email <a target="_blank" rel="noopener noreferrer nofollow" href="mailto:newsroom@stocktwits.com">newsroom@stocktwits.com</a>&nbsp;

gold futures have pulled back from all-time highs after PCE data.

Gold Glitters In Run-up To 2024 Presidential Election: Here’s How Yellow Metal Fared In First Year Of Trump, Biden Tenures

The latest strength in gold is increasingly being seen as a hedge against a potential ‘Red Sweep’ at the 5 November US election, a strategist says.

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