67% of this ETF is tech + communication. regardless of constitutional issues, trumps twitter EO could absolutely kneecap this over the next 36 hours.

It's all posturing. Trump doesn't have the authority to regulate twitter. The thing that would really take Twitter down is Trump losing the election

the issue is not 'can trump regulate twitter', the issue is 'how will the market respond to trumps latest churlish jihad against social media'. this particular ETF could get its face torn off if this EO somehow makes punitive lawsuits more accessible, for example. but worse than that, its not so much a question dragging down 3 out of 4 of the elements of FANG by exposing them to legal / regulatory / administrative expenses, its a question of psychology, and not just human psychology. algs notice stuff like this.

and an hour after i posted this, QQQ fell off a cliff. something to keep an eye on, thats all.