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QTEC - Tech Sector - Expected 2021 EPS Growth Rates Continue To Be Revised Higher
First Trust NASDAQ-100 Technology Sector Index Fd
What’s happening in the Tech sector and QQQ is PE compression.
For Q4, now fully reported, the “expected” Tech sector growth rate through 12.31.20 was 3% but the actual was 20%.
Remember too the stock market and the QQQ action could be discounting increased regulatory pressures, or any number of issues not yet seen in the numbers.