Nasdaq Stock Market Correction: 2 Unique ETFs I'd Buy Right Now

Group 1: Market Overview - The Nasdaq is currently in correction territory, with the Nasdaq-100 index approximately 13% below its recent high, presenting opportunities for long-term investors [1] - The Invesco QQQ ETF, which tracks the Nasdaq-100 index, is a popular choice for investors looking to buy on the dip [2] Group 2: Investment Strategy - The Invesco QQQ ETF has a concentration issue, with nearly half of its assets in just nine companies, which may not align with a diversified investment strategy [3] - The largest stocks in the QQQ ETF are also major components of the S&P 500, leading some investors to prefer the Vanguard S&P 500 ETF for lower expense ratios [4] Group 3: Alternative ETFs - The Direxion Nasdaq-100 Equal Weight ETF (QQQE) offers a more balanced investment approach by allocating equal weight to all 100 stocks in the index, allowing smaller companies to have the same impact as larger ones [5] - The Ark Autonomous Technology and Robotics ETF (ARKQ) is an actively managed fund focusing on companies that are expected to benefit from the AI revolution, with a diverse portfolio of 36 companies [8] Group 4: Performance and Future Outlook - The Ark Autonomous Technology and Robotics ETF has seen a decline of about 23% from its January high, prompting interest in adding shares to capitalize on the dip [10] - Despite market volatility and potential economic challenges, there is confidence that both the QQQE and ARKQ ETFs will appreciate significantly over the long term [11]