SQQQ Profits When Tech Drops, But the Math Gets Ugly After a Few Days
SQQQ exists to profit when the Nasdaq-100 falls. It’s a 3x inverse leveraged ETF, meaning if the Nasdaq drops 1% in a day, ProShares UltraPro Short QQQ (NASDAQ:SQQQ) aims to rise roughly 3%. That amplification is working in the current environment, with the fund gaining 6.2% year-to-date as tech stocks face pressure from persistent concerns about valuations in a higher-rate environment.
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Read MoreTiming the Fed rate cuts: Here's what to know
The recent inflation and jobs data were supposed to bridge the gap for the Fed over the direction of interest rates.
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Read MoreMost Americans Misjudge Social Security’s Future: Here’s What They’re Missing
Despite looming funding issues, most Americans remain confident in Social Security. A new Cato Institute survey found that 83% of adults view the program favorably, including 90% of Democrats, 82% of Republicans and 81% of independents. In addition, 82% of workers expect Social Security to provide at least part of their retirement income.
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Read MoreThe US economy is turning
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Read MoreFederal Reserve Researchers Find Prediction Markets Deliver Forecasting Value Comparable to Professional Surveys and Futures
A new working paper from the Board of Governors of the Federal Reserve’s (Federal Reserve) Finance and Economics Discussion Series (FEDS) provides the most rigorous empirical validation to date of prediction markets as a tool for measuring macroeconomic expectations. The February 12 paper systematically compares prediction market-implied forecasts against established benchmarks,
Read MoreThe Burst
Is Cava’s Rapid Expansion a Risky Overstretch?
CAVA has been growing like a weed, now sporting 341 locations across 25 states. While the pace of new openings slowed slightly this year with just 33 new restaurants in the first 28 weeks of 2024 compared to 43 in 2023, the management still reported a solid 32.6% year-over-year revenue increase, and generated $487 million.
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Read MoreThe Ivy
Tesla’s 40% Drop: Why Bears Say The Worst Is Yet to Come
The recent stock market drop has been a punishing time for the Magnificent Seven tech stocks, and the company hit worst by it has been Tesla (NASDAQ:TSLA).
Shares of the EV manufacturer are down by a jaw-dropping 40 percent in the last three months and 26 percent in the last month alone.
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Read MoreThe Spotlight
Spotlight: How To Spot a Breakout
Perhaps there is no better technical pattern to master if you want to consistently and predictably generate superior returns than the breakout.
It’s a generic term that applies to a wide range of chart patterns, including basic support and resistance, as well as flag patterns, cup-and-handles, and many others. So,