Tech ETFs Explode (and Implode) After Trade Truce: QQQ Rockets as TQQQ Traders Cash Out – What’s Next?
Market Recap: Trade Truce Sends QQQ Higher QQQ, the Nasdaq-100 ETF, tracks the 100 largest non-financial companies on Nasdaq (heavy in Apple, Microsoft, Amazon, etc.) Azat. On Friday Oct 10, QQQ plunged ~3.5% as President Trump announced plans to double tariffs on Chinese imports and restrict rare-earth exports, renewing trade war fears Tipranks Reuters. This knocked major tech shares lower…