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.tv. 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.com reuters.com. This knocked major tech shares lower (for example, Friday’s Nasdaq Composite lost ~820 points) and dragged QQQ to a 5-day decline of about 2.9% tipranks.com. Over the weekend Trump backpedaled, tweeting that he didn’t want to “hurt” China and that things would be fine, which soothed
