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THE Qs GET CRUSHED
$QQQ Worst one-week decline in over three months. Source: Trend Spider
⚡ The carnage is real.
Yesterday was Nasdaq 100 $QQQ worst day since December 2022. Source: Trend Spider
The "ChatGPT era"...
The Nasdaq 100 post-ChatGPT at just over 400 days is now up more than it was following any of the other major technological releases of the last half-century. But if we are to follow the Netscape blueprint we have a lot of more bull left... Source: Bespoke, TME
That RTY (Russell 2000) / NDX (Nasdaq 100) spread was over 600bps at its peak today.
By the close it was the biggest relative outperformance of the Russell 2000 over Nasdaq 100 since 2002... Source: Bloomberg, www.zerohedge.com
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