QQQ News and Press, PowerShares QQQ Trust Ser 1 From 07/12/24

2024-07-12 10:34:50 ET Summary CPI data fell 0.1% month over month, with the annual inflation rate at 3%, bringing hopes for further monetary easing. The Fed cut may not be significant quantitatively, but will impact sentiment and liquidity. Financial assets will continue to r...

2024-07-12 10:10:00 ET Summary U.S. growth is softening as lower-income households feel the bite of higher interest rates. A first Fed rate cut could occur in September, provided inflation continues to decelerate, and economic activity does not reaccelerate. The inflation scar...

2024-07-12 09:12:25 ET For the tenth week in twelve, market participants were net buyers of fund assets, which included both exchange traded funds and conventional funds, for the week ending July 11 as the financial community injected $6.5B into the fund space.... Read the full articl...

2024-07-12 08:51:07 ET Wells Fargo argued on Friday that the financial community should be pumping the brakes on the idea of a “great rotation” as the brokerage believes in an oversold bounce rather than a market rotation.... Read the full article on Seeking Alpha ...

2024-07-12 07:50:00 ET Summary During LSEG Lipper’s fund-flows week that ended July 11, 2024, investors were overall net purchasers of fund assets for the tenth week in 12, adding a net $6.5 billion. This past week, money market funds (+$4.3 billion), taxable bond funds (+$...

2024-07-12 07:30:00 ET Summary Exports remained well-supported by strength in autos and semiconductors, but imports slid amid modest demand in June. China's June exports grew by 8.6% year-on-year to USD 307.8bn, which came broadly in line with forecasts. In terms of product ex...

2024-07-12 07:05:00 ET Summary A major market reversal may have just begun. We discuss what this major market reversal is and why it is likely to continue. We also share some of our top picks to profit from this trend. Read the full article on Seeking Alpha For f...

2024-07-12 06:28:00 ET Summary Federal Reserve policymakers closely watch core inflation data for signs of cooling, and June offered a second straight month of surprisingly low readings in the core CPI. Looking at the overall CPI data and trends, we don’t believe Juneȁ...

2024-07-12 05:16:00 ET Summary Thursday’s CPI report was a big downside surprise as more signs of disinflation appeared across the economy. Core CPI rose 0.06% in June, which brought the annualized rate to 3.27%. Core services were actually negative in June, the first time ...

2024-07-12 04:50:00 ET Summary The evidence supporting multiple Fed rate cuts is now solid. Owners' equivalent rent makes up about one-third of the CPI index and this has been adding significantly to the rise in the CPI index until this month. Treasury yields tend to track inf...