Pandemic worries are again dominating the markets this morning. With a light economic and earnings calendar for today, odds are the focus will once again be on the Fed. Today kicks off a busy week for Federal Reserve Chair Jerome Powell.
Kraken, a prominent U.S.-based cryptocurrency exchange, has received approval from the State of Wyoming for its proposal to form a new kind of financial institution: an exchange empowered to carry out some of the functions of a private bank.
I have often said that the strongest trades are when both fundamental and technical analysis agree, and that is what is happening now in the stock market.
Stocks didn’t close at their intraday troughs on Friday, but “lower lows” is anything but an encouraging sign, particularly as the economy attempts to recover from a pandemic that has caused tens of millions of Americans to be out of work.
In one of the busiest weeks for initial public offerings this year, Nasdaq welcomed 14 IPOs as companies look to tap the public markets in anticipation of more volatility around the U.S. election.
With Covid-19 playing havoc with federal and state government budgets, and Congressional rescue plans on hold, we’re starting to hear more about Financial Transaction Taxes (FTT) again.
The Nasdaq Q-50 Index (NXTQ) is a “minor league” of sorts for stocks that are viable candidates for future admission into the Nasdaq-100. Thanks to the recent launch of the VictoryShares Nasdaq Next 50 ETF (QQQN), investors have an avenue for accessing the Q-50.