🔴 TQQQ is trading 4.3% down today as tech rotation and weakness in major names weigh on Nasdaq-100

TQQQ is trading 4.3% down today as the Nasdaq-100 and broader tech complex slide, with the fund's 3x leverage amplifying the downward move.

• The decline reflects an ongoing rotation out of richly valued technology and AI growth stocks, pressured by weakness in major components including Apple, Microsoft, and Micron.
• Market sentiment remains cautious ahead of the University of Michigan consumer sentiment release, weighing on risk appetite for high-beta Nasdaq exposure.