A quirk with one of the most popular tech ETFs has seen the product lag this year because it couldn't own enough Nvidia. On Friday, that looks set to change.
The declining short interest in SPDR® S&P 500 (NYSE:SPY) and Invesco QQQ Trust (NASDAQ:QQQ) exchange-traded funds (ETFs) to successive record lows has been supporting US equities and reducing volatility over the past year, thus serving as an implicit short volatility (vol) trade, JPMorgan strategists said in a Thursday note.
The latest round of monthly data has some economists worried the Fed won't cut rates soon enough.