LQQ.MI is trading 3.8% down today as its amplified growth exposure lags a modestly mixed U.S. equity tape, failing to capture the relief bid seen in other sectors from sliding oil prices.
- Tech sentiment remains fragile after recent mega-cap earnings from Alphabet and Tesla raised concerns regarding heavy AI capital expenditure and stretched valuations.
- The 2x leveraged ETF is closely tracking ongoing volatility in the Nasdaq-100 following last week's tech-led drawdown and persistent hawkish Fed expectations.