$Invesco Nasdaq 100 ETF(QQQM.US)$Invesco Nasdaq 100 ETF(QQQM.US)Here’s the real impact of the US-Iran attacks on the market and what it could mean for QQQ:

• The geopolitical escalation triggered risk-off moves — crude spiked, gold rallied and US futures opened lower as global equities reacted to fears about supply shocks and broader conflict risk.

• Short-term volatility hit major indexes and tech-heavy QQQ too, as tech is seen as risk assets and sells off when traders de-risk into havens.

• But stocks have also recovered from initial drops, showing markets are pricing in conflict risk rather than full-blown recession.

Will QQQ enter a real down cycle? Not purely because of the Iran situation — for that you need weakening earnings, rate fear or trend break technically. The geopolitical shock adds volatility and short squeezes, but isn’t alone strong enough to sustain a long downtrend.

@Bridge Buzz SG