$Invesco QQQ(QQQ)$ Down almost

$Invesco QQQ(QQQ)$ Down almost 12% since June, while the SPY is only off about 4%. The April and May run gained around 35%, but the June and July tech rout wiped out 12%.

A few things hitting at the same time — the Iran ceasefire falling apart again, KOSPI correcting 40% and dragging memory and AI plays lower, plus China CXMT and now selling weapons to Iran.

Not exactly a clean setup.

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