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JEPQ’s Distribution Looks Like Income Until You See the ELN Counterparty Risk Behind It
24/7 Wall St.78d agoneutral
JEPQ’s Distribution Looks Like Income Until You See the ELN Counterparty Risk Behind It

If you bought JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) for the monthly checks, you probably think you own a Nasdaq-100 portfolio with a covered-call overlay. That is mostly true. The part that gets less airtime is that JEPQ’s option exposure runs through equity-linked notes, which are unsecured debt of the banks that issue them. ... JEPQ’s Distribution Looks Like Income Until You See the ELN Counterparty Risk Behind It

TQQQ’s 3x Promise Quietly Cost Holders 81 Percent in 2022 While the Nasdaq Fell Just 33 Percent
24/7 Wall St.78d agoneutral
TQQQ’s 3x Promise Quietly Cost Holders 81 Percent in 2022 While the Nasdaq Fell Just 33 Percent

A trader who bought ProShares UltraPro QQQ (NASDAQ:TQQQ) at the start of 2022 expecting the tech rally to continue ended the year down roughly 80%, while the Nasdaq 100 fell about 34%. That gap is the entire argument against treating TQQQ as a buy-and-hold position. The fund did exactly what its prospectus promised on a ... TQQQ’s 3x Promise Quietly Cost Holders 81 Percent in 2022 While the Nasdaq Fell Just 33 Percent

The Nasdaq’s AI Fast‑Track Will Reshape Big Tech — The S&P Might Be Ready to Change the Rules, Too
24/7 Wall St.78d agoneutral
The Nasdaq’s AI Fast‑Track Will Reshape Big Tech — The S&P Might Be Ready to Change the Rules, Too

As the biggest IPOs the world has ever seen touch down, the market, as we know it, is about to change its composition in a big way, especially at the top. With the Nasdaq 100 poised to fast-track SpaceX, Anthropic, and OpenAI in just weeks after their debuts, questions linger about what the S&P 500 ... The Nasdaq’s AI Fast‑Track Will Reshape Big Tech — The S&P Might Be Ready to Change the Rules, Too

Warren Buffett Bought Leveraged Investor’s Berkshire Shares for $40 in the 1973 Crash. They’re Now Worth $700,000
24/7 Wall St.80d agobearish
Warren Buffett Bought Leveraged Investor’s Berkshire Shares for $40 in the 1973 Crash. They’re Now Worth $700,000

Although the benchmark S&P 500 has clawed back to record territory and the VIX has settled into a sleepy 16.7 reading, Wall Street’s memory is shorter than its history would suggest. The Dow and the Nasdaq are both riding a heavy year-over-year tailwind, with the S&P 500 up 28% over the past twelve months. The ... Warren Buffett Bought Leveraged Investor’s Berkshire Shares for $40 in the 1973 Crash. They’re Now Worth $700,000

Review & Preview: On the Bright Side
Barrons.com81d agoneutral
Review & Preview: On the Bright Side

The Dow Jones Industrial Average rose 294 points, or 0.6%, to a record, while the S&P 500 added 0.4%—putting it up for eight straight weeks. The Nasdaq Composite ended the day 0.2% higher. There wasn’t much in the way of earnings reports on Friday, but investors were still buoyed by the swell from earlier this week.

Wall Street rises as Middle East hopes lift sentiment
Reuters Videos81d agoneutralVIDEO
Wall Street rises as Middle East hopes lift sentiment

<body><p>STORY: U.S. stocks rose on Friday, with the Dow reaching an intraday record high, as investors cheered signs of progress in talks to end the Middle East conflict and a strong corporate earnings season.</p><p>The Dow added six tenths of one percent, the S&P 500 climbed four tenths and the Nasdaq two tenths.</p><p>The U.S. has made some progress toward a deal with Iran, though more work remains, Secretary of State Marco Rubio said on Friday.&nbsp;</p><p>Iran’s foreign ministry spokesman said differences between the two sides remained deep.</p><p>Shana Orczyk Sissel, founder and chief executive officer of Banríon Capital Management say investors should expect more bumps in the road as these talks continue.</p><p>"So in terms of what this means for the market, I think that for as long as we have this uncertainty around how long the tensions and the war will continue, global oil markets will be under pressure, which will continue to lead to higher volatility in the equity and the fixed income markets. And until we have some sort of resolution, I think investors can expect volatility and higher than average inflation.”</p><p>This will become a focus for Kevin Warsh who was sworn in as the new Federal Reserve chair Friday.</p><p>Semiconductor stocks, which have driven recent Wall Street gains, were mostly higher&nbsp;though Nvidia slipped about two percent.&nbsp;</p><p>Shares of U.S. computer makers surged following strong results from China's Lenovo Group with Dell surging nearly 17%.</p><p>:: Workday</p><p>And Workday rose 5% after the human resources software provider exceeded expectations for first-quarter revenue and profit.</p></body>