QQQ vs IWM – Big Tech Leaves Small Caps Behind

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QQQ +31% YTD - AI boom, cloud demand, mega-cap strength.

IWM +12% YTD - Higher costs, weak margins, slower growth.
The gap is widening.

Breakouts in QQQ = more upside potential.

IWM struggling near resistance, small caps lagging.

Watch if rate cuts spark a small-cap catch-up, or if Big Tech continues to lead into 2026.

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