Author: Just Summit Editorial Team
Source: Invesco
17 sec readExplore the same thread
QQQ underperformed the S&P 500 in Q3, returning just 0.53% versus 2.30%. This was largely due to QQQ's tech concentration and underweight in energy, which benefited from rising prices linked to Middle East conflict.
Higher inflation expectations and interest rates presented headwinds. Despite these, both QQQ and the S&P 500 finished the quarter near record highs. Investors should monitor energy prices and interest rate movements as key indicators for the next quarter.
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