#NasdaqETFUpdate As of June 10, 2025, the Nasdaq-100 Index (tracked by ETFs like Invesco QQQ Trust Series 1) is experiencing a period of cautious optimism following the market rebound in May. The index closed at 19,591.24 on June 9, reflecting a 0.3% gain for the day and a 1.5% increase year-to-date.  

The recent rally is attributed to easing macroeconomic concerns, including reduced inflation expectations and the initiation of U.S.-China trade talks aimed at mitigating recession risks. Additionally, the Nasdaq-100 has shown resilience, with a 16.4% return over the past year, outperforming the S&P 500’s 17.9% return.  

However, some investors remain cautious. Contrarian investor Steven Jon Kaplan warns of a potential decline in the Invesco QQQ ETF, forecasting a drop from its current level of 427 to below 300 within a year, citing overvaluation driven by AI hype. 

In summary, while the Nasdaq-100 is showing positive momentum, investors should be mindful of potential volatility and consider both macroeconomic factors and sector-specific dynamics when making investment decisions.