The NASDAQ is down 3.6% today, 6.7% the last week, and 18% YTD. However, Russia is a very small market in tech, about 1-2%. Moreover, these companies are still flush with cash to withstand challenges of a rising rate environment and business prospects remain strong, albeit at a slower rate than last year. Unless the conflict spurns a global recession, this seems like a buying opportunity for QQQ.
Leave a Reply