QQQ is trading 1.7% down today following President Trump’s prime-time address warning of intensified military strikes on Iran over the next 2-3 weeks.
- Geopolitical tensions have escalated following a missile strike near Qatar and Iranian threats to U.S. tech firms, heightening fears of a Strait of Hormuz closure.
- Risk-off sentiment is driving the VIX to 24.54 as oil prices surge above $108 per barrel, reversing the previous day's de-escalation rally.