QQXT News and Press, First Trust NASDAQ-100 Ex-Tech Sector Index Fd From 06/09/23

2023-06-09 04:33:35 ET Summary The 2023 stock market rally is driven by AI speculation and Big Tech giants, with the MAAMG group (Meta, Apple, Amazon, Microsoft, and Google) reaching a combined valuation of approximately $10 trillion. Citigroup's lead strategist Dirk Willer and th...

2023-06-08 05:30:00 ET Summary Inflation in the United States continues to cool, falling in April 2023 to its lowest level in two years. The long period of sustained low inflation was enabled by globalization, the Internet age, and demographics. U.S. economy is absorbing and r...

2023-06-07 11:40:00 ET Summary Data suggests the US economy is certainly slowing down, but it does not tell us a recession is definitely underway. Recent data has shown a cooling of China’s economic growth, but I believe it’s temporary, and also lopsided. The eur...

2023-06-07 04:00:00 ET Summary We don’t see a high probability of a boom or a bust so long as the Federal Reserve is fighting inflation aggressively. The economy and corporate profits are holding up better than expected. The financial markets aren’t the economy a...

2023-06-07 03:22:56 ET Summary Infrastructure’s focus on cash flows and underlying earnings makes it a prudent investment as economic conditions deteriorate and a recession looms. Dividends from infrastructure assets, unlike most fixed income, act as an inflation hedge due ...

2023-06-07 02:10:00 ET Summary The run higher in the Nasdaq has become insane. It’s an “echo bubble” from the bubble that popped in November 2021. All of the classic “blow off top” indicators are flashing again. The VIX is back to where it was in...

2023-06-06 18:30:00 ET Summary Why employment data is helping to push back the recession scenario. Strong jobs market means rates may not be coming down anytime soon. Why interest rate cuts may not happen until 2024 now. The latest U.S. jobs data showed emplo...

2023-06-06 10:17:00 ET Summary The five most expensive tech companies now make up a record 25.7% of the S&P 500. The tech-centric Nasdaq 100 has risen the most compared to the economically-sensitive Russell 2000 since the stock market peak in March 2000. When rare mania pr...

2023-06-06 09:59:00 ET Summary The S&P 500 reached a new high for 2023, driven mainly by tech mega-caps. A broader rally could continue if economic data remains mixed and the Fed pauses rate hikes. Technical indicators suggest a potential 9% surge in the stock market if a ...

2023-06-06 05:38:00 ET Summary The US economy faces concerns such as Fed tightening, high inflation, tighter bank lending standards, and leading indicators pointing to a potential downturn. The job market remains solid, but some worsening data suggests that its strength may have p...