EQWL - Broader Market Makes EQWL/QQQ Pair An ETF Arbitrage Candidate
2024-03-11 16:38:42 ET
Summary
- Sentiment indicators are just one indication that the stock market could broaden out from the popular QQQ names.
- That has me looking carefully for "ETF Arbitrage" situations where I can be long something that will outperform QQQ in the next several months or longer.
- EQWL is one prime candidate, and in this article I use it as an example of how I scout for and implement ETF Arbitrage in my portfolio.
It has been a rough road relatively speaking for equal weighted stock investing. For one thing, the S&P 500 has dominated the performance charts in recent years, and driven by the big names in the Nasdaq 100, has put on a performance show since last October's Halloween bottom....
Broader Market Makes EQWL/QQQ Pair An ETF Arbitrage Candidate