The $100 billion club
The Invesco QQQ Trust (QQQ), the main go-to ETF for tech exposure, surpassed $100 billion in market capitalization on Thursday. There have been four other funds that have reached this milestone, all either broad market or S&P 500 funds. We'll see on Friday that it wasn't a great sign for those trying to jump on the bandwagon. Over the next 1-2 months, each of the funds showed a negative return.
