“We've never had people in a more gambling mood than now,” Warren Buffett told CNBC on May 2, 2026, during Berkshire Hathaway's annual meeting.
A recent Odd Lots podcast segment with Tracy Alloway and Joe Weisenthal spotlighted a story that has quietly reshaped market structure in 2026: the explosive growth of
If you bought ProShares UltraPro QQQ (NASDAQ:TQQQ) expecting a clean 3x version of the Nasdaq-100, look at the last five years.
If you bought ProShares UltraPro QQQ (NASDAQ:TQQQ) thinking you were getting three times the Nasdaq-100 for the long haul, the fund's own math has a different plan for your money.
On February 11, 2010, two days after ProShares launched its triple-leveraged Nasdaq-100 fund, a share of ProShares UltraPro QQQ (NASDAQ:TQQQ) closed at about $0.21 on a split-adjusted basis.
If you owned ProShares UltraPro QQQ (NASDAQ:TQQQ) into the close on Friday, you watched a position open near $85.22 and finish at $73.05, a 14.28% single-day drawdown that turned a $10,000 position into something like $8,570 before the weekend started.
A trader who bought ProShares UltraPro QQQ (NASDAQ:TQQQ | TQQQ Price Prediction) at the start of 2022 expecting the tech rally to continue ended the year down roughly 80%, while the Nasdaq 100 fell about 34%.
ProShares UltraPro QQQ ETF remains a compelling buy for high-risk investors seeking amplified returns as the Nasdaq-100 recovers from recent pullbacks. TQQQ's structure leverages 3x daily returns via swaps and futures, with significant cash holdings to maintain liquidity and collateral requirements. Macro risks—geopolitical tensions, high interest rates, and AI-driven software sector volatility—could amplify the fund's downside, but current valuations in large-cap tech appear attractive.
I have been bullish on ProShares UltraPro QQQ for 10+ years, favoring a deeper correction to enhance long-term returns with disciplined risk management. TQQQ's 3x leverage amplifies both upside and downside; blending with cash and using moving averages can mitigate volatility and drawdown risks. A moving-average strategy—owning TQQQ when its short-term average exceeds the long-term—can outperform QQQ during prolonged bear markets while limiting capital erosion.
ProShares UltraPro QQQ (NASDAQ: TQQQ - Get Free Report) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 22,781,505 shares, a drop of 26.0% from the February 12th total of 30,780,088 shares. Approximately 4.2% of the shares of the company are
TQQQ and QLD both deliver leveraged exposure to the Nasdaq-100, but TQQQ amplifies daily moves by 3x versus QLD's 2x. TQQQ has a higher one-year return but also a deeper five-year drawdown, reflecting greater risk.
TQQQ has delivered a 47.69% gain over the past year and 2,653.53% over the past decade.