oil ·
Strait of Hormuz transits at lowest in over two months after attacks, data shows
Transits through the Strait of Hormuz have dropped to their lowest in over two months following attacks, with data showing the decline.
What happened
Transits through the Strait of Hormuz fell to their lowest level in more than two months after attacks, according to Reuters, citing data.
What it means for the Nasdaq and TQQQ
Reduced Hormuz transits can affect oil and shipping flows, which can feed into inflation expectations. If inflation expectations shift, interest-rate expectations can move, and that tends to influence high-multiple Nasdaq-100 growth stocks. Because TQQQ seeks about 3x the Nasdaq-100's daily moves, any index swings linked to those rate expectations can be amplified in the fund.
Originally reported by Reuters. Written up by Quant Paradise from the report's headline; see the original outlet for full details.
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Education, not investment advice.