What's Going On With Nasdaq-100 Leveraged ETF TQQQ
Portfolio Pulse from Henry Khederian
ProShares UltraPro QQQ (TQQQ) shares are trading higher by 0.4% to $40.04 ahead of Wednesday's June inflation data report. The ETF corresponds to three times the daily performance of the Nasdaq-100 (QQQ) ETF. The June CPI inflation report is anticipated as a significant economic event, with traders awaiting its release for insights into the Fed's future policy decisions. TQQQ has a 52-week high of $42.44 and a 52-week low of $16.10.
July 11, 2023 | 3:27 pm
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NEUTRAL IMPACT
The performance of the Nasdaq-100 (QQQ) ETF could be influenced by the upcoming June inflation data report. Any changes in the ETF's performance could impact the performance of TQQQ, which corresponds to three times the daily performance of QQQ.
The performance of QQQ could be influenced by the upcoming inflation data, which could impact the Fed's future policy decisions. Any changes in QQQ's performance could in turn affect the performance of TQQQ, which is directly linked to QQQ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
TQQQ shares are trading higher ahead of the June inflation data report. The ETF's performance is linked to the Nasdaq-100 (QQQ) ETF. The inflation data could influence the Fed's future policy decisions, which could impact TQQQ's performance.
TQQQ's performance is directly linked to the Nasdaq-100, and any changes in the latter's performance could impact TQQQ. The upcoming inflation data could influence the Fed's policy decisions, which could in turn affect the performance of the Nasdaq-100 and, by extension, TQQQ.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100