$Invesco QQQ(QQQ)$ Worried about high 10Y yields and WTI oil prices? From 1971 to 2002, when the 10Y yield stayed above 5% and peaked around 16%, the S&P 500 still climbed 762%. And from 2007 onward, through years where WTI oil traded above $80, the S&P 500 gained 666% with dividends reinvested.

Sure, there can be short-term pullbacks when yields and oil spike, but over the long run the S&P 500 has kept finding ways to rally through every major crisis: the 1973-1974 oil crisis and stagflation, the 1987 Black Monday crash, the early 1990s recession and Gulf War, the dot-com bust, the 2008 global financial crisis, the 2011 debt ceiling and eurozone turmoil, the 2020 COVID crash, and the 2022 inflation surge with Fed tightening.