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After weeks of stagnation and slowly increasing stock prices, equities have found themselves in another wave of volatility. The Nasdaq 100 ETF (QQQ) declined a staggering 5% on Thursday along with most major indices. The fund was previously up 40% this year, making 2020 both a near-record year for expected GDP losses and, paradoxically, a near-record year for Nasdaq 100 performance.
Certain sectors within the technology space have seen even better performance. Most notably, cloud/related companies, gaming companies, and online retail. While most of these firms have seen increased revenue