As the Nasdaq 100 index drops, many investors are wondering if it’s a good time to consider buying the SQQQ ETF. This ETF is designed to track the inverse performance of the Nasdaq 100 index, meaning it goes up when the index goes down.
Investors may see the recent decline in the Nasdaq 100 index as a potential opportunity to profit from the SQQQ ETF. However, it’s important to remember that inverse ETFs like SQQQ are designed for short-term trading and can be risky for long-term investors.
Before making any investment decisions, it’s crucial to do your research and consider your risk tolerance. Consult with a financial advisor if needed to ensure that the SQQQ ETF aligns with your investment goals and strategies.