QQXT News and Press, First Trust NASDAQ-100 Ex-Tech Sector Index Fd From 01/22/24

2024-01-22 05:00:00 ET Summary After a correction from August through October, the market has been on a tear. Technology had a very good week, especially among the Magnificent 7 mega-cap stocks. The S&P Top 7 stocks continue to dominate the market, but that dominance is sl...

2024-01-22 03:13:00 ET Summary Friday, January 19th, 2024, saw the first trade above the January ’22 high of 4,815, with the S&P 500 ultimately closing at 4,839.81, or the first all-time high in 24 months. The all-time high came on no new economic data, or critical earn...

2024-01-19 10:37:00 ET Summary Economic growth continues to defy expectations of a slowdown and recession due to continued increases in deficit spending. The U.S. Treasury recently reported the December budget deficit, which shows the U.S. collected $429 billion through various ta...

2024-01-19 08:45:00 ET Summary The US 10-year Treasury yield has been below the 3-month yield since November 2022. This rare yield inversion has preceded each recession since 1982, with no false signals. In past cycles, the US Fed stopped hiking when the yield curve inverted, ...

2024-01-17 18:53:00 ET Summary Key questions facing investors in 2024. Why US markets may lag other markets this year. Why inflation is still the northern star for investors. Investors are facing numerous uncertainties in 2024, including the state of the economy and ...

2024-01-17 14:45:00 ET Summary The sharp drop in the New York Federal Reserve’s Empire State business conditions index in January triggered a wave of warnings. The NY Fed Manufacturing Index, as it’s popularly known, is prized as an early read each month on the manuf...

2024-01-13 01:12:00 ET Summary In the most recent BLS employment report, the percentage of full-time jobs relative to the population dropped sharply. By increasing the cost of employing low-wage workers, a higher minimum wage generally leads employers to reduce the size of their w...

2024-01-12 22:35:00 ET Summary Federal Reserve policy rates are set to fall in 2024. However, clear evidence that inflation has been tamed likely needs to emerge before cuts can commence, likely around mid-year. While a smooth landing is still far from certain, rate cuts accompani...

2024-01-12 01:30:00 ET Summary While recession continues to be a base case of 55%, the odds of a soft landing are getting better. As you near a cycle peak, the economy transitions quickly from strong job formation to outright losses. The Fed has the latitude to cut rates and, ...

2024-01-08 14:15:00 ET Summary There has never been an incidence in history where US Conference Board LEI had a 6-month average growth rate sub -4.5%. The six-month smoothed LEI growth rate in November was -7.5% and has been negative for 20 consecutive months. When we combine ...