The exchange-traded fund industry is making pair-trade strategies more accessible to everyday investors by introducing new ETFs that bundle long and short positions into one product. Tidal Financial Group’s Michael Venuto filed for eight two-stock ETFs, which are expected to launch in a few months. This streamlined approach eliminates the need for separate trades and…
The financial sector has been performing well recently, with major institutions like JPMorgan Chase and Wells Fargo reporting strong earnings. However, markets can be unpredictable, as seen in a recent mean reversion trade on Alibaba. Now, I am looking at a potential mean reversion trade on JPMorgan, with indicators showing a potential trend shift. I…
In midday trading, several companies made headlines: 1. Spotify’s stock rose 2% after being named a top pick by Wells Fargo, citing rising profit margins and strong product mix. 2. Robinhood’s fintech stock rose less than 3% after announcing users can trade contracts related to the upcoming presidential election. 3. Oil companies like Occidental Petroleum…