QQQ News and Press, PowerShares QQQ Trust Ser 1 From 07/09/24

2024-07-09 09:38:45 ET The Warren Buffett indicator also known as the market cap to GDP ratio has popped up to its highest level in history, jumping above levels observed from the dot com bubble, the global financial crisis, and the recent 2022 bear market.... Read the full article on...

2024-07-09 09:30:00 ET Summary It has been surprising to look back since the start of 2024. Most Wall Street pros were conservative and projected we might see a 10-15% total return for all of 2024. Retail investors have been putting their investable assets into the market, with re...

2024-07-09 09:24:48 ET Summary The CPI inflation is likely to be rising this summer, but that's a lagging indicator. The Fed is unlikely to cut in September, due to rising inflation this summer, which increases the chances of a deep recession by the end of the year. The S&...

2024-07-09 09:00:49 ET Summary With fewer and fewer stocks leading the stock market higher and higher, market concentration has reached extreme levels - last observed during the Great Depression. In an indication of macroeconomic weakness, small-caps and cyclical sectors are not p...

2024-07-09 07:55:00 ET Summary Developed market central banks are starting to cut policy rates. U.S. stocks hit a fresh record high and 10-year U.S. Treasury yields slid last week after U.S. jobs data showed moderating wage growth. We watch the U.S. CPI data for June this week...

2024-07-09 07:05:00 ET Summary The dollar is consolidating in narrow ranges today against the G10 currencies and enjoys as slight upward bias against most emerging market currencies but for a few currencies from the Asia Pacific region. Asia Pacific equities rallied but for Hong K...

2024-07-09 07:00:00 ET Summary Biotech indexes lagged broader market indexes in the first half of 2024, and trade at the same level as in early 2022. Biotech valuations are closely tied to the Fed's interest rate policy and are highly correlated to the 10-year yield. Inflation...

2024-07-09 03:04:00 ET Summary A more dovish Powell would help firm up the September cut expectations ahead of the CPI release due Thursday. Whereas in the US, we see the rate-cutting narrative picking up momentum; in the Eurozone, the direction is less evident. The 10Y B...

2024-07-09 02:05:00 ET Summary Last Wednesday, ADP announced that 150,000 new private payroll jobs were created in June, but those jobs were not very broad-based. ADP’s balanced jobs report, as usual, is probably closer to the truth than the more widely heralded Friday jobs...

2024-07-08 22:32:12 ET Summary Sentiment indicators strongly support our January forecast of an August top in the market. Investor sentiment drives stock prices more than economic data. The Master Sentiment Indicator, and four other sentiment indicators, all show extreme level...