Tech ETFs Explode (and Implode) After Trade Truce: QQQ Rockets as TQQQ Traders Cash Out – What’s Next?
The Invesco QQQ Trust dropped 3.5% Friday, Oct. 10, after Trump threatened 100% tariffs on Chinese imports, but rebounded 1.8% in early Monday futures following his reassurances. ProShares UltraPro QQQ (TQQQ) trading volume jumped 75% amid volatility, with $7 billion in outflows as retail traders took profits. Markets also reacted to a U.S. government shutdown, Middle East ceasefire, and new U.S. tax changes.