$Invesco QQQ Trust(QQQ.US), the Nasdaq has fallen like this, mainly due to the uncertainty of whether to attack Iran. Here's my personal opinion,

The probability of war is 50-50.

The best victory is to win without fighting, applying maximum pressure.

The supreme art of war is to subdue the enemy without fighting; next is to break their alliances; next is to attack their army; the worst is to besiege their cities.

A war that cannot guarantee 100% quick victory doesn't meet America's pursuit.

It's estimated that America is still evaluating whether it can replicate the Iraq war strategy.

I tend to think America won't engage in conventional war with Iran, but will conduct quick bombings and then declare victory.

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