$Invesco QQQ Trust(QQQ.US)$Invesco Nasdaq 100 ETF(QQQM.US)As we mentioned last week, the market is finally starting to broaden. Even though QQQ looked relatively weak, underlying breadth has improved noticeably, with more sectors participating instead of just the usual AI leaders.
The biggest surprise was the rebound in liquidity-sensitive names. Following Bessent’s Treasury bond-buying move, capital quickly rotated back into higher-beta assets, suggesting investors are becoming more comfortable taking risk again.
That doesn’t mean the index is out of consolidation, but it does show a healthier market beneath the surface. If breadth keeps expanding, this rotation could become more important than QQQ’s headline performance alone.
@Captain's Treasure
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