BlackRock's Rieder Gains Favor as Potential Next Fed Chair Following Trump's Recent Endorsement
Written by Emily J. Thompson, Senior Investment Analyst
Source: stocktwits
Reider's Nomination Odds: Traders have raised the odds of Rick Reider receiving the nomination for the next Federal Reserve chair to 35%, with a 33.1% chance perceived by market users.
Trump's Support for Reider: President Donald Trump praised Reider as "very impressive" during a recent interview, indicating strong support for his potential nomination.
Candidates for Fed Chair: The leading candidates for the Federal Reserve chair position include Rick Reider, Kevin Hassett, Christopher Waller, and Jerome Powell, whose term expires in May.
Market Sentiment: Retail sentiment around the S&P 500 ETF is currently bearish, despite gains in U.S. equities, with expectations for an announcement regarding the Fed chair pick by next week.
Analyst Views on QQQ
Wall Street analysts forecast QQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QQQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 616.280
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Current: 616.280
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
