QQXT News and Press, First Trust NASDAQ-100 Ex-Tech Sector Index Fd From 01/30/24

2024-01-30 20:20:00 ET Summary As normalization continues to play out during 2024, we expect inflation to return to the Fed’s target and for economic growth to moderate. As a result, rate cuts are likely to start between the second and third quarter. Softer consumer balance...

2024-01-30 11:20:00 ET Summary With all the talk of soft landing for the US economy in the media in recent weeks, we half expected to find the odds of a recession for the US economy had continued to recede over the past six weeks. After bottoming at 67% in the period from mid-Nove...

2024-01-30 03:20:00 ET Summary In my opinion, the border and the US labor force are paramount political issues in 2024. The current longevity and depth of the yield curve inversion is not atypical of the inversions that have preceded all recessions in the post-war period. The ...

2024-01-26 21:06:00 ET Summary For the perennial recession forecasters, the 3.3% rise in output in Q4 was the latest blow to ongoing warnings that trouble is just around the corner. Last year was yet another master class of showing the power of ensemble models that carefully draw ...

2024-01-25 02:18:00 ET Summary There will be a lot of firsts for the economic history books if this business cycle can survive a labor market slowdown, 525 basis points (bps) of rate hikes and an extremely inverted U.S. Treasury yield curve. But the dovish shift from the U.S. Federal ...

2024-01-25 00:10:00 ET Summary Strong growth doesn't cause inflation, and reducing inflation doesn't require a recession. Inflation is the result of an imbalance in the supply and the demand for money. Bringing down inflation requires that the Fed address this imbalance, typically...

2024-01-24 13:10:00 ET Summary The mega-cap Tech-heavy Nasdaq 100 is up nearly 1% today as of this writing, which leaves it up 4.5% already in 2024. The Nasdaq 100 is now up 64% during its current bull market that began on 12/28/22. Since the COVID crash low that the Nasdaq 10...

2024-01-23 12:22:00 ET Summary The resilience of the US economy in 2023 was a surprise for some economists. An intriguing explanation for why many recession models failed last year: resiliency in residential construction payrolls. Sliding employment in the housing construction...

2024-01-22 15:40:00 ET Summary The General Business Conditions index fell to -43.7, a depth only exceeded by the -78.2 reading in April of 2020 with the economy shut down for COVID. New orders (-49.4 vs -11.3) and shipments (-31.3 vs -6.4) also posted sharp declines and unfilled o...

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...