🟢 LQQ.MI is trading 3.3% up today as Nasdaq-100 rallies on cooler inflation and strong Microsoft earnings

LQQ.MI is trading 3.3% up today following a sharp Nasdaq-100 rally fueled by cooler-than-expected PCE inflation data and robust mega-cap tech earnings, particularly from Microsoft.

• As a 2x leveraged ETF, LQQ.MI is amplifying the gains of the underlying Nasdaq-100 index amid a broader risk-on sentiment and positive tech futures.
• The move reflects a sector-wide rotation back into growth stocks as easing inflation data alleviates concerns regarding interest rate trajectories.
• The performance is aligned with general market trends, with no specific internal ETF issues reported.