$QQQ

Michael Burry, via his Substack post, said he added to his short position in Micron Technology (MU) as the stock rose toward about $1,000, and rolled Invesco QQQ Trust (QQQ) put options to higher strikes and later expiries. He reported being roughly breakeven on shorts but shifting toward losses as markets rallied. The article cites MU’s strong FY2026 results and guidance.

Anthropic filed confidentially for a US IPO with the SEC on June 1, 2026, targeting a Nasdaq listing in September or early October at a reported valuation near $965 billion, with banks including Goldman Sachs, JPMorgan and Morgan Stanley. The article says Nasdaq’s accelerated index-inclusion rule used for SpaceX could force passive funds to buy shares, creating mark-to-market swings. It cites SpaceX’s $160 forced-buy price and estimated ~$500 million paper loss for index holders, and notes QQQ’s

The U.S. Treasury reported a July federal deficit of $432.3 billion, with receipts of $334 billion and outlays of $766 billion, the largest monthly shortfall since March 2021. YTD deficit is $1.799 trillion. The article links the data to White House discussions of new tax cuts, including capital gains and primary-residence exclusions, and notes market moves in TLT and VNQ.

For the week ending Aug. 7, US-listed ETFs saw $37 billion of inflows, taking year-to-date inflows above $1.25 trillion, according to ETF flow data cited in the article. Inflows led by QQQ ($10.2B), VOO ($8.7B) and IVV ($3.7B). Semiconductor ETFs saw profit-taking, with SOXX down $3.7B and SMH down $1.8B.

U.S. stock futures were mixed Tuesday, with Dow and S&P 500 futures slipping and Nasdaq 100 rising after Monday’s lower close. Brent crude rose 2.52% to $89.93 on Reuters reporting Trump demanded Iran compensation, complicating Strait of Hormuz reopening. SPY and QQQ were slightly lower. Rocket Lab, Plug Power, and AST SpaceMobile moved on earnings and guidance; CoreWeave and Super Micro also ahead of results.

Invesco QQQ Trust (QQQ), which tracks the Nasdaq-100, traded around $723.79 at 10:39 a.m. ET, up 0.11%, near its 52-week high of $748.65. The article cites last week’s record U.S. indexes after weaker July jobs data and notes this week’s CPI and major earnings (including Applied Materials and Cisco) as key catalysts for Nasdaq-100 and QQQ.

Space stocks rose Friday after a July jobs miss lowered expected Fed rate hikes. SpaceX (SPCX) gained 11% to about $127.49 following an Argus upgrade to Buy with a $160 target. Intuitive Machines (LUNR) rose 9%, Rocket Lab (RKLB) 8% after its 92nd Electron mission, and other space peers climbed on sector momentum. Procure Space ETF (UFO) rose about 2%.

ETF.com data shows $15.3 billion of net inflows in one day. SPY led with $4.13 billion, followed by IVV ($2.71B) and QQQ ($1.84B). GLD drew about $636.9 million. DIA and XLI also saw inflows. Semiconductor ETFs had redemptions, with SOXX down $1.16B and SMH down $402.9M. VTI led outflows at $2.18B.

July nonfarm payrolls fell 23,000, with government hiring missing forecasts, and unemployment edged down to 4.1%. Revisions cut May and June by 103,000. CME FedWatch showed September rate hike odds at 42%. SPY rose 3.5% and QQQ 4.8% for the week; gold gained 2.4% Friday. Next catalysts include Aug. 12 CPI and earnings from PLTR, ZBRA, AMAT.

Micron Technology (MU) shares fell 15.0% in the past month after a June 24, 2026 fiscal Q3 report. The company reported Q3 revenue of $41.456B (17.6% above consensus), non-GAAP EPS of $25.11, and GAAP gross margin of 84.6%, with Q4 revenue guidance of $49B to $51B. The pullback weighed on SMH (-7.9% monthly) more than QQQ (-1.8%) and VGT (+0.4%).