The Nasdaq-100 ETF ($QQQ) has experienced a notable downturn, trading lower for six consecutive days as of August 21, 2025. This marks its longest losing streak since October 2022 and the worst stretch since April 2025, with a cumulative decline of approximately 3.4% over five days and continuing losses into the seventh session. In contrast, the Russell 2000 ETF ($IWM), representing small-cap stocks, has shown strong performance, surging by up to 4.0% on August 22, 2025, reaching a fresh year-to-date high and approaching an all-time high. This rally in small caps followed comments from Federal Reserve Chair Jerome Powell. Other major indices and ETFs, including the Dow Jones Industrial Average ($DIA), S&P 500 ($SPX), and various sector-specific ETFs, have been actively monitored, but the primary focus remains on the divergent trends between $QQQ and $IWM.