
Traders once fawned over the S&P 500 Index ($SPX), and prior to that, the Dow Jones Industrial Average ($DOWI). But over time, especially since the COVID-19 pandemic, the Invesco Nasdaq QQQ Trust (QQQ) has stolen the spotlight.
How popular has QQQ become? Well, I don’t know why Invesco changed its name to actually include the ticker symbol in 2018. But that seems to be a sign that it has reached star status. So when I’m looking for market direction, I look there.