TREE NEWS reports: The Invesco QQQ Trust, tracking the Nasdaq 100, closed up 1.11% on Monday, October 26, while the S&P 500 ETF, U.S. real estate ETF and Russell 2000 ETF gained at most 0.71%. The 20+ Year Treasury ETF and gold ETF rose at most 0.42%. The United States Brent Oil Fund fell 1.3% and the ProShares VIX short-term futures ETF dropped 2.19%.
Nasdaq 100 ETF Rises 1.1%, Brent Oil Fund Falls 1.3%
The dispersion here is the story: tech leadership outpacing broad equity, small caps and real estate by a wide margin, while the VIX futures fund's drop signals fading demand for volatility protection. That combination points to a risk-on tilt concentrated in growth names rather than a uniform rally. The Brent oil fund's decline alongside firmer gold and long Treasuries is the puzzle worth watching — it suggests commodity weakness rather than a pure inflation or growth signal. Whether that divergence between tech strength and oil softness persists is the open question.
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