See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Invesco QQQ (QQQ) - free report >>
SPDR Dow Jones Industrial Average ETF (DIA) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Invesco QQQ (QQQ) - free report >>
SPDR Dow Jones Industrial Average ETF (DIA) - free report >>
Market Volatility Surges Ahead Of Polarizing Election
The “Fear Gauge” (aka the VIX) is back up to its highest level since mid-June. All three major US indexes notched the second consecutive month of losses. Investors & traders are getting the pre-election jitters and beginning to put on protection.
Roughly 63% of investors ($1 million+ in assets) have tweaked their portfolio ahead of the election, according to UBS. Portfolio adjustments like increased cash holding, sector reallocation, or derivative protection.
The market anxiety is being burgeoned by a resurgence in COVID cases and stall in fiscal stimulus discussions. The US can’t afford another economic shutdown.
The market appears dislocated today as investors pull profits from 2020’s secular outperformers like tech and consumer discretionary, which can be seen with the Nasdaq 100’s (QQQ - Free Report) lagging performance. Investors are putting their money back to work in underperforming ‘value’ plays like energy and industrials, being illustrated by the Dow Jones Industrial Average’s (DIA - Free Report) advancement today.
I expect volatility to remain with us through the end of the year, not to mention ripening buying opportunities.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>